Bengaluru-based fintech startup Mysa has raised USD 3.4 million in a pre-Series A funding round, co-led by Blume Ventures and Piper Serica. Additionally, Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund also participated in the round.
With this raise, Mysa’s total funding has now reached USD 6.2 million. Earlier, in February 2025, the startup had secured USD 2.8 million in a seed round led by Blume Ventures, laying the foundation for its current scale-up phase.
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa operates as a B2B fintech platform focused on modernising finance and banking operations for mid-sized businesses. Specifically, the startup offers a unified system that automates accounts payable, invoice processing through its Smart Scan feature, vendor payments, expense management, and AI-driven accounting reconciliation.
Moreover, the platform integrates seamlessly with existing ERP systems and bank accounts, thereby reducing manual effort and operational risk. According to the startup, Mysa improves financial control and auditability while cutting losses caused by inefficiencies, fraud, and tax leakages. Its product suite spans vendor management, GST input tax credit verification, multi-bank payment operations, and end-to-end expense workflows, catering to India’s rapidly expanding mid-market segment.
“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. She added, “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.”
Furthermore, the company plans to deploy the fresh capital to strengthen its AI capabilities and expand banking-led products. As part of this roadmap, Mysa will roll out AI-enabled procurement tools, UPI-based expense management, and a corporate credit card offering. At the same time, the startup intends to explore embedded financing opportunities by leveraging its vendor network while also deepening bank partnerships and scaling distribution across India.
Notably, in less than a year since its public launch, Mysa claims to have processed over INR 1,500 crore in annualised transaction volume, facilitating payments to more than 40,000 bank accounts nationwide.
In addition, the startup reports that it has integrated with over 15 banks, including Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.
Currently, companies across commerce, manufacturing, hospitality, fintech, and real estate use Mysa’s platform. Its client roster includes Dhan, Wint Wealth, DrinkPrime, and Material Depot, reflecting broad adoption across industries.
Mysa’s latest funding round underscores growing investor confidence in AI-driven financial automation for India’s mid-market businesses. As the startup deepens its banking integrations, expands product offerings, and explores embedded finance, it appears well positioned to play a significant role in modernising enterprise finance operations at scale.
