Indian fintech startup Mysa has raised $3.4M in a Pre-Series A round of funding co-led by Blume Ventures and Piper Serica, with participation from new investors Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures & Neon Fund. This brings the total funding raised so far to $6.2M.
Mysa gives companies tighter control, built-in auditability, and savings of lakhs each year by eliminating manual inefficiencies, fraud, and tax leakages. Mysa achieves this by simplifying Vendor Management, Accounts Payable, Expense Management, GST ITC checks and Multi-bank payment operations for India’s fast growing mid-size companies.
The company will deploy the new capital to deepen its AI capabilities and its banking product offerings, including AI-enabled procurement, UPI-driven expense management, and a corporate credit card offering. Mysa also plans to unlock embedded financing opportunities by leveraging its growing vendor network, helping businesses access capital more efficiently, while continuing to expand bank partnerships and scale distribution across India’s mid-market segment.
In less than a year of its public launch, Mysa has scaled to processing ₹1,500+ crore in annualized transaction volume, driving payments to over 40,000 bank accounts across the country.
Since launching a year ago, Mysa has rapidly expanded its banking footprint, enabling integrations with 15+ banks—including key players such as Axis Bank, YES Bank, IDFC First Bank, ICICI Bank and HDFC Bank.
Mysa is currently used across sectors, including omni-channel commerce brands, quick commerce, manufacturing, hospitality, fintechs, and real estate companies with customers such as Dhan, Wint Wealth, Swish, DrinkPrime, Vaaree, Handpickd, Guru & Jana, Accel Data, Atomic Work, DPDZero, Material Depot, and more.
“Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn’t evolved,” said Arpita Kapoor, co-founder and CEO of Mysa. “We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk—at zero upfront cost and with no migration required.”
“We are excited to co-lead this investment. This is a massive, under-served opportunity in India, where mid-size businesses continue to struggle with fragmented and inefficient financial & banking workflows, paying service companies upfront fees to solve for gaps in legacy ERPs. Mysa is creating a new category by combining AI-driven automation with deep bank integrations. Backed by an exceptional founding team, the company is well-positioned to redefine financial infrastructure for India’s backbone economy”, added Ajay Modi, Director Investments at Piper Sercia.
Joseph Sebastian, VP at Blume Ventures, mentioned, “We’re excited to double down on our investment in Mysa. The team has a deep, first-principles understanding of finance teams’ real-world pain points—reflected in strong customer referrals and near-zero churn in the product’s first year cycle. The platform’s multi-banking architecture and AI-first approach make it a natural upgrade layer over legacy systems.
“We welcome Blume and Piper Serica, and are excited to double down on Mysa, where we’ve seen Arpita and Mohit’s clinical execution since Day 1. Mysa’s product suite will be the best AI-enabled operating system for the modern Indian finance teams - solving automation in the right way, from AP to expense management and more”, added Nitin Sharma, Partner at Antler India.
In the next 5 years, over a million mid-sized Indian companies will need intelligent, bank-integrated finance spanning payments, tax, treasury, and embedded financial services. Mysa is uniquely positioned to serve this market and emerge as a category-defining B2B fintech company.
IndianWeb2.com is an independent digital media platform for business, entrepreneurship, science, technology, startups, gadgets and climate change news & reviews.
