Rupifi, India’s 1st Embedded Finance company which operates in the B2B Payments space through its B2B Buy Now Pay Later (BNPL) and SME-focused Commercial Card products, raised $25 million in Series A.
The round was led by Bessemer Venture Partners and Tiger Global, with participation from existing investors Quona Capital and Ankur Capital along with Better Capital.
With this current investment, Rupifi plan to build further towards its goal of disrupting B2B Payments and Transactions. Rupifi will continue to leverage analytics and data-based insights, which will form the backbone for improving credit-decisioning and SME experience.
Company: Rupifi Technology Solutions Private Limited
Raised: $25.0M
Round: Series A
Funding Month: January 2022
Lead Investors: Bessemer Venture Partners and Tiger Global
Additional Investors: Quona Capital, Ankur Capital, and Better Capital
Company Website: https://www.rupifi.com/
Software Category: Digital B2B platform
About the Company: Founded in 2020 by Anubhav Jain, Ankit Singh, and Jawaid Iqbal, Rupifi is a digital B2B platform that offers loans, working capital, and payment services to small businesses. Despite the subdued economic activity, Rupifi has managed to record an impressive 50% MoM growth in disbursals in the last 12 months while covering more than 50,000 SMEs. Rupifi is working with some marquee Marketplaces such as Flipkart Wholesale, Retailio, and Fynd among others. For SMEs, Rupifi offers fully digital touchpoints and real-time decisioning throughout the lifecycle – onboarding, application decisioning, real-time transaction, and repayment reconciliations. Similarly, marketplaces and financial institutions integrate deeply with Rupifi’s platform using easy-to-use APIs and SDKs.
Source: http://bwdisrupt.businessworld.in/article/B2B-Payments-Fintech-Rupifi-Raises-25M-Series-A/07-01-2022-416926/