B2B payments FinTech Rupifi has raised $25m in a recent funding round co-led by Tiger Global and Bessemer Venture Partners, a report by TechCrunch has revealed.
Existing investors Quona Capital and Ankur Capital also participated in the round.
Founded in 2020, India-based Rupifi has designed software to streamline buy now, pay later services on digital B2B platforms. The platform also provides the user with credit line statements, upcoming payment reminders and more.
Rupifi works with more than two dozen business-to-business marketplaces, including Walmart, Flipkart and Jumbotail to serve their merchant partners. The company strives to improve merchants access to capital in India.
Vishal Gupta, managing director of Bessemer Venture Partners, said: “B2B payments and B2B credit are large problems with technology being the future to solve these and Rupifi team is building around that keeping the SMEs at the core.”
A few months ago, Rupifi raised $1m in a funding round comprised of debt and equity. The funds were reportedly supplied by Alteria Captial and angel investors Gokul Rajaram. As part of the deal, Rupifi said it hoped to extend its product reach to help more small businesses operating on a business-to-business front.
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