Blume Ventures and Piper Serica Lead USD 3.4 Mn Funding Round in Fintech Startup Mysa | Entrepreneur

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, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.

With this round, the startup’s total funding has reached USD 6.2 million. Earlier, in February 2025, Mysa had secured USD 2.8 million in a seed round led by Blume Ventures.

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. 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. The platform is designed to integrate with existing enterprise resource planning (ERP) systems and bank accounts, aiming to reduce manual effort and operational risks.

According to the startup, Mysa helps businesses improve control and auditability while reducing losses linked to inefficiencies, fraud, and tax leakages. Its offerings span vendor management, GST input tax credit checks, multi-bank payment operations, and expense workflows, catering to India’s growing 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. “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.”

The fresh capital will be used to strengthen Mysa’s AI capabilities and expand its banking-led products. Planned initiatives include AI-enabled procurement tools, UPI-based expense management, and a corporate credit card offering. The company is also looking to explore embedded financing opportunities by leveraging its vendor network, alongside expanding bank partnerships and scaling distribution across India.

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.

The startup claims to have also integrated with over 15 banks, including Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.

Mysa is currently used by companies across sectors such as commerce, manufacturing, hospitality, fintech, and real estate, with clients including Dhan, Wint Wealth, DrinkPrime, and Material Depot.