Business-to-business fintech startup Mysa has raised $3.4 million in a funding round co-led by Blume Ventures and Piper Serica, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.
The Bengaluru-based startup had previously raised $2.8 million in a seed funding round from Blume Ventures and others in February 2025.
The proceeds will be used to expand its automation capabilities and launch additional banking products, including procurement tools, expense management linked to the Unified Payments Interface, and a corporate credit card, Mysa said in a press release.
Co-founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa is a fintech startup that provides an AI-powered unified platform for business banking, expense management, and accounting automation. It helps mid-sized Indian businesses with revenue between Rs 10 crore and Rs 300 crore streamline accounts payable, vendor payments, and reconciliations.
According to Mysa, its services include accounts payable automation, invoice management, expense tracking, and integrated banking through partner banks such as Yes Bank. The platform features Smart Scan for automated bill processing, expense categorisation, and real-time reconciliation.
The company aims to simplify financial operations for founders and finance teams by offering a comprehensive alternative to using multiple disconnected tools. It serves customers across sectors such as quick commerce, manufacturing, hospitality, fintech, and real estate, including companies such as Dhan, Wint Wealth, Swish, DrinkPrime, and Material Depot.
Mysa claims it currently processes over Rs 1,500 crore in annualised transaction volumes and facilitates payments to more than 40,000 bank accounts. It has integrations with over 15 banks, including Axis Bank, Yes Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.
