Juspay, a developer of payment infrastructure for enterprises and banks, has secured $50m in a Series D follow-on round, from WestBridge Capital. The transaction is a mix of primary and secondary investments, that values Juspay at $1.2bn.
The secondary component provides liquidity to early investors and employees holding ESOPs – the second such opportunity Juspay has enabled within a year. The funding follows a year of growth for Juspay, with annualised Total Payment Volume (TPV) now exceeding $1tn. The company processes more than 300 million daily transactions for brands including Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance.
The company has a growing presence across Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America. It says its mission is to create long-term value across the payments ecosystem, supporting merchants, banks, networks, and, by extension, the billions of users they serve.
