Pune-based fintech startup EaseBuzz has raised $30 million in Series A funding. This funding round was led by a well-known investor, Bessemer Venture Partners, along with support from other investors like 8i Ventures and Varanium Capital. This is a big achievement for EaseBuzz, which has grown its annual transaction value from $300 million to a whopping $30 billion.
The money will help EaseBuzz grow faster and improve its technology for handling payments. They want to make it easier for different kinds of businesses in India to use digital payments. EaseBuzz aims to become an important part of India’s digital economy, especially for industries like education, real estate, e-commerce, and banking.
EaseBuzz has also received important approval from the Reserve Bank of India (RBI) to work as an online payment aggregator. This means they can help businesses collect payments online. They’re also looking to get more licenses, including one for cross-border payments, which will allow them to operate in more markets.
Their technology helps businesses make payments easier and faster. EaseBuzz’s platform allows transactions through various payment methods, supporting the growing shift to digital payments in India. The rise in transaction value shows that more people are trusting EaseBuzz for their payment needs.
This funding round shows that investors believe in EaseBuzz’s business and its future. The backing from Bessemer Venture Partners and other investors proves that EaseBuzz is in a good position to succeed in India’s changing fintech scene.
Looking forward, EaseBuzz plans to use this new funding to create better products, grow its presence in the market, and continue its goal of making payments digital across different sectors in India. Their focus on specific solutions and strong technology sets them up for ongoing growth in the digital payments world.
