Juspay has raised US$50 million in a Series D follow-on investment from WestBridge Capital, in a deal that values the payments infrastructure firm at US$1.2 billion.
The round includes both primary and secondary funding. The secondary portion will provide liquidity for early investors and employees holding stock options, marking the second such liquidity event the company has enabled within the past year.
The funding comes after a year of growth for Juspay, with annualised total payment volume now exceeding US$1 trillion.
The company processes more than 300 million transactions daily for clients including Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto and Zurich Insurance.
Juspay operates across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America, and provides payment infrastructure to enterprises, merchants, banks and networks.
The company positions its platform as open-source, interoperable and modular, and said the new funding will support its international expansion and product development, including efforts to improve workforce productivity and merchant experience through AI.
Sheetal Lalwani, Co-founder and COO of Juspay, said,
“Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering & design. As we scale globally, we are grateful for the continued trust of our partners.
This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey. We welcome WestBridge Capital as a partner as we build the next generation of payments infrastructure.”
Featured image: Edited by Fintech News Singapore, based on image by mkmult via Freepik