Wednesday, March 22, 2017

Airpay raises Rs 24 crore in series A funding

Payments startup Airpay has raised Rs 24 crore in series A funding from various investors. The investors who put money are, Kalaari Capital, Rakesh Jhunjhunwala & Rajesh Jhunjhunwala.

Airpay said, it will spend the fundings into technology and build a strong sales, distribution and support infrastructure to rapidly expand its enterprise customer base.

Airpay is an omnichannel payments company providing enterprise software as a service (SaaS) solution to its clients, to accept inbound payments from consumers (C2B) and process outbound payments to pay vendors (B2B).

Also see: Flipkart raised $1 billion funding and will raise another $1 billion more

The platform allows enterprises to accept payments from their clients across a plethora of touch points - web, mobile, call centre, IVR, email, SMS and face-to-face - via 100+ financial instruments. Airpay’s unique open architecture integrates seamlessly into the client’s ecosystem, offering real time visibility of payment collection and advanced analytics and reporting of user payment data.

Investor Rakesh Jhunjhunwala said, It is heartening to note that Airpay has scaled its throughput 14x over the last year. We welcome Kalaari Capital as a visionary investor who can add significant value to Airpaym.


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