B2B fintech startup Mysa has raised $3.4 million (around ₹28 crore) in a Pre-Series A funding round co-led by Blume Ventures and Piper Serica. The round also saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors including Antler, IIMA Ventures, and Neon Fund. With this round, the company’s total funding now stands at nearly $6.2 million.
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa is building an AI-driven finance and banking operations platform for mid-sized Indian businesses. The startup focuses on simplifying complex financial workflows by bringing together accounts payable automation, invoice processing, vendor payouts, expense management, and multi-bank operations into a single integrated system.
Solving Finance Complexity for Mid-Sized Businesses
Mysa targets businesses with annual revenues ranging from ₹10 crore to ₹300 crore, a segment that often struggles with fragmented financial tools, manual reconciliations, and compliance challenges. Finance teams in this category typically rely on spreadsheets, emails, and disconnected banking portals, making operations slow and prone to errors.
Mysa’s platform plugs directly into existing ERP systems and company bank accounts, allowing businesses to modernise their finance stack without replacing legacy infrastructure. Using AI-powered workflows, the platform automates bill processing, real-time reconciliation, and payment approvals, giving finance leaders better visibility and control over cash flows.
Deep Banking Integrations and AI-First Approach
One of Mysa’s key differentiators is its multi-bank integration layer, which enables businesses to manage transactions across multiple bank accounts from a single dashboard. The platform works closely with several leading Indian banks, helping customers streamline payments, track balances, and improve audit readiness.
The company’s AI capabilities, including automated invoice scanning and intelligent categorisation of expenses, help reduce manual work for finance teams. This allows companies to scale operations without adding more headcount or operational risk.
Funding to Accelerate Product Expansion
Mysa plans to use the fresh capital to strengthen its AI engine, expand its product portfolio, and scale customer acquisition across India. The startup is working on launching UPI-based expense management tools, AI-led procurement workflows, and corporate credit card offerings tailored for mid-market enterprises.
The company is also exploring embedded financing solutions, enabling businesses to access working capital more efficiently through their vendor and payment networks. These additions are expected to further position Mysa as a full-stack finance operations platform for growing companies.
Strong Early Traction Across Sectors
Since its launch, Mysa has reported rapid customer adoption, processing over ₹1,500 crore in annualised transaction volumes. The platform currently supports payouts to more than 40,000 bank accounts, serving businesses across sectors such as quick commerce, manufacturing, hospitality, fintech, real estate, and consumer brands.
Several fast-growing Indian startups and mid-sized enterprises have already adopted Mysa to automate their finance operations, highlighting the growing demand for modern, AI-enabled financial infrastructure in India’s business ecosystem.
With this funding round, Mysa is well-positioned to deepen its presence in the Indian B2B fintech space and accelerate its mission of transforming finance operations for mid-sized businesses across the country.