Angel Investments
Payment aggregator Paysharp raises Rs.10.5 Cr
Chennai-based fintech company Paysharp has raised a pre-series A round of INR 10.5 crore at a valuation of INR 200 crore. Founded in 2019 by Krishna Kumar Mani and Sathish S, Paysharp provides a complete UPI payment solution, virtual account, B2B payment solutions and BBPS Billers for merchants. The company focuses on the B2B segment. The startup has also received the Reserve Bank of India's (RBI) nod for Payment Aggregator In-Principle License. The funds will be used for new product development initiatives and strengthen compliance and operation arms.
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