Juspay raised $60 million in a new funding round led by Kedaara Capital.
The deets: Juspay is a payments technology company offering checkout, payment orchestration, authentication, and tokenization solutions for banks and merchants.
Juspay helps handle over 200 million payments every day and processes around $900 billion worth of payments in a year.
By the numbers: Juspay’s FY24 revenue rose nearly 50% to ₹319.3 crore from ₹213.4 crore in FY23. Losses narrowed slightly to ₹97.5 crore, down 7.8% from last year.
Worth noting: just days ago, the company was dropped by Paytm and a few other clients over performance and compliance concerns.
