{"id":37988,"date":"2024-04-29T07:46:12","date_gmt":"2024-04-29T07:46:12","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/29\/cross-border-payments-platform-briskpe-raises-5-million-seed-funding-from-payu\/"},"modified":"2024-04-29T07:46:12","modified_gmt":"2024-04-29T07:46:12","slug":"cross-border-payments-platform-briskpe-raises-5-million-seed-funding-from-payu","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/29\/cross-border-payments-platform-briskpe-raises-5-million-seed-funding-from-payu\/","title":{"rendered":"Cross-border payments platform BriskPe raises $5 million seed funding from PayU"},"content":{"rendered":"
\"Cross-border<\/div>


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Digital payments major PayU<\/a> has invested $5 million in Mumbai-based cross border payments platform BriskPe<\/a>, the company said in a press note today. This is the first institutional funding round for the startup.
The investment is part of PayU\u2019s efforts to build a full stack payments platform across both domestic and international payments. It will help complement PayU India\u2019s existing offerings for exports and imports, the company said.<\/p>\n
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BriskPe was one of 30 early stage fintech startups which participated in PayU\u2019s Inaugural accelerator programme, Infinity.<\/p>\n

BriskPe was founded by ex-HDFC Life chief marketing officer Sanjay Tripathy, Nilesh Pathak, who was previously the CTO of cross border payments platform Nium, and Indunath Chaudhary who had worked with Citibank and ICICI Bank<\/a>.<\/p>\n

The Prosus-owned fintech major said it intends to continue investing to accelerate the adoption of cross-border payments by adhering to new regulatory licenses like PA-Cross Border. BriskPe will now compete with entities like Skydo, PayPal, Razorpay and others in the cross-border payments space.<\/p>\n

The startup offers payment processing capabilities for small exporters and freelancers who work for global clients. While the company was regulated under the Online Payment Gateway Service Provider (OPGSP) guidelines of the central bank, it will now have to get licenced under the PA-CB rules of the RBI.<\/p>\n

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\u201cWith BriskPe\u2019s top-notch management team, expertise in digital-first business models and banking systems, we are excited to actively participate in shaping their future growth. We are optimistic about the potential in cross-border payments and remain committed to driving economic growth in India.,\u201d said Vijay Agicha, chief investment officer, PayU.<\/div>\n


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Digital payments major PayU has invested $5 million in Mumbai-based cross border payments platform BriskPe, the company said in a press note today. This is the first institutional funding round for the startup.The investment is part of PayU\u2019s efforts to build a full stack payments platform across both domestic and international payments. It will help […]<\/p>\n","protected":false},"author":2,"featured_media":37989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[40621,40623,11507,2801,40622,40624,14011,2458,37772,672,37255,4699,506,16775,2796],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/37988"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=37988"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/37988\/revisions"}],"predecessor-version":[{"id":37990,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/37988\/revisions\/37990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/37989"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=37988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=37988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=37988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}