Inflection Point Ventures has led an undisclosed value seed round in Bizpay, a fintech startup that provides a B2B payment platform for businesses in India.
Bizpay was founded in 2022 by Prateek Agarwal, Anuj Agarwal, and Abhishek Agarwal. The company’s platform allows businesses to accept payments from their customers, track their receivables, and manage their finances.
Bizpay also offers a number of features that make it easy for businesses to get paid, such as instant payouts and payment reminders.
The company plans to use the funding to expand its team, develop new features, and grow its market share.
Bizpay is targeting small and medium-sized businesses in India. The company believes that there is a large and growing demand for its platform among these businesses.
The funding in Bizpay is a sign of the growing interest in fintech startups in India. The Indian fintech market is expected to grow to $150 billion by 2025. Bizpay is well-positioned to capitalize on this growth.Here are some of the key details of the funding
Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “We are thrilled to be part of BizPay’s journey towards reshaping the corporate expense management landscape in India. The innovative integration of prepaid cards and advanced SaaS software presents a transformative solution for businesses to streamline expenses, gain actionable insights, and ensure compliance. Inflection Point Ventures is excited to support BizPay as they look to unlock efficient and insightful corporate expense management.”
