Enterprise payments service Airpay has picked up $3.6m as part of its Series A.
Kalaari Capital led the round for the Mumbai-based company with existing angel backers also participating.
Airpay operates a SaaS business enabling medium and large enterprises to accept B2C payments from clients as well as process outgoing B2B vendor payments.
Company CEO Amit Kapoor said: “Our differentiation is that we provide an integrated payments solution to large enterprises.
“There are few payment companies that focus on large enterprises and that gives us an edge.
“Plus, we provide a one-stop payments solution across channels that makes it very convenient for enterprises.”
Airpay will use the new capital to further develop its technology as well as expand its team beyond the 50 staff it currently employs.
This will focus on primarily on growing its sales and distribution team to expand its client base.
Bangalore-based Kalaari Capital’s other investments in the FinTech space include Instamojo, RKSV, Rubique and CreditVidya.
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