B2B payment app Rupifi raises $8 million in debt funding

0

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.


Also Read: EverSource Capital Acquires Majority Stake in Lithium Urban Tech


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.

Share.

About Author

Comments are closed.