Rupifi raised $25 Million in its Latest Funding Round

Rupifi, the fintech payment platform has raised $25 million in its Series-A funding round led by Bessemer Ventures Partners and Tiger Global. Rupifi is a B2B platform that provides its services through its buy now pay later and SME focused commercial card products.

The fintech has recorded 50% growth in the previous year despite the subdued economic activity. It has also claimed to have covered more than 50,000 SMEs during this time.

The co-founder and CEO of the Rupifi, Anubhav Jain has said that the company is moving towards building the complete B2B checkout product for marketplaces and omni-channel mobile-first B2B payments methods for merchants, distributors and sellers.  

He also said that they will use the raised funds to expand the B2B payments and transactions. It is currently operating at some of the category-leading B2B marketplaces in India across different sectors including FMCG, pharma, fashion, electronics, agriculture and food. 

Rupifi was founded by Anubhav Jain, Ankit Singh and Jawaid Iqbal in 2020. It is associated with Flipkart Wholesale, Retailio and Fynd. The company has shown rapid growth in the B2B commerce and payments space in India.