B2B payment app Rupifi raises $8 million in debt funding


Rupifi, an integrated fintech player operating in the B2B payments space through its SME-focused Buy-Now-Pay-Later (BNPL) commercial cards, secured $8 million in debt from directed venture capital funds by Alteria Capital, Trifecta Capital and Innover Capital.

The funding is an extension of the $25 million Series A funding round that the startup, which claims to be the nation’s first integrated finance company, raised in January this year, he said in a statement on Tuesday. communicated.

Rupifi currently works with partners in industries such as FMCG, Food, Pharmaceutical, Fashion, Electronics, Agriculture and General Merchandise, enabling its customers with flexible, EMI-free credit while that its SME-focused commercial cards allow expenses to be managed without any cost for shorter periods.

Anubhav Jain, co-founder and managing director, said his company has witnessed increased adoption of BNPL among SMEs over the past few months.

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It plans to use the funds to help increase penetration and fill gaps in largely manual B2B payments by developing more products and creating an omnichannel-first mobile payments solutions platform.


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