Co-led by Blume Ventures and Piper Serica, the pre-Series A round fuels Mysa’s push to deepen AI capabilities, expand banking products, and automate enterprise finance at scale.
Bengaluru-based B2B fintech SaaS startup Mysa has raised $3.4 Mn (₹31.2 Cr) in a pre-Series A round co-led by Blume Ventures and Piper Serica, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and returning backers Antler, IIMA Ventures, and Neon Fund.
The capital will be used to strengthen Mysa’s AI-based finance automation platform, expand its banking partnerships, and scale distribution across India’s mid-sized enterprise segment.
“We’re building an AI automation stack that integrates directly with legacy ERPs and banks—no migration, zero setup costs,” said cofounder and CEO Arpita Kapoor.
Solving Finance Ops at the Mid-Market Layer
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa targets the often-overlooked mid-market layer of Indian enterprises—offering AI-powered finance automation, corporate credit solutions, and SaaS-driven expense tools tailored for scale without risk.
Its core platform provides:
- Invoice processing automation
- AI-based tax and accounting workflows
- UPI-integrated expense management
- Bank-linked payments and credit infrastructure
The platform now serves customers across quick commerce, hospitality, manufacturing, fintech, and real estate, with clients like Dhan, Swish, DrinkPrime, Atomicwork, and Material Depot.
Rhetorical hook: As India’s digital economy expands, can legacy ERP systems keep up without intelligent, real-time automation?
Banking Network + Embedded Infra
Mysa isn’t just another ERP overlay—it’s embedded into 15+ leading Indian banks, including HDFC Bank, ICICI Bank, Axis Bank, IDFC First, and YES Bank.
The startup’s embedded approach enables:
- Real-time payment and reconciliation
- Automated capital access through banking rails
- Corporate credit card rollout without heavy underwriting
In effect, Mysa is building middleware for fintech rails, designed to streamline finance ops without requiring system overhauls.
A Market with Tailwinds
Mysa’s raise comes as fintech funding continues to lead India’s startup capital stack. According to Inc42’s Annual Funding Report 2025:
- Indian fintechs raised $2.5 Bn across 120 deals last year
- The sector retained the top spot in total funding despite a market correction
- Automation, embedded finance, and compliance are the fastest-growing subsegments
The momentum is further backed by NPCI’s innovation push, including:
- UPI Reverse Pay and IoT payment pilots
- UPI HELP for dispute resolution
- Agentic AI initiatives for payments automation
Mysa aligns neatly with this macro shift—enabling AI-based finance workflows that plug directly into these evolving rails.
Past Traction and What’s Next
- In February 2025, Mysa raised $2.8 Mn in seed funding
- Ran closed beta with select enterprises until early 2025
- Has now scaled across multiple sectors with strong client retention
- Next focus: expanding product suite, deepening AI, and scaling GTM via bank channels
With its no-migration, plug-in model, Mysa is targeting operational CFO teams who want intelligence without complexity. The aim is to replace clunky processes with real-time, AI-powered workflows that flex with growing businesses.
TL;DR:
Fintech SaaS startup Mysa has raised $3.4 Mn in pre-Series A funding to deepen its AI-driven finance automation platform for mid-sized Indian businesses. Backed by Blume Ventures and Piper Serica, Mysa integrates with banks and ERPs to enable smart workflows, UPI-based expense tools, and embedded credit.
AI Summary:
- Mysa raises $3.4 Mn led by Blume, Piper Serica
- AI-driven finance automation for mid-sized businesses
- Offers UPI-linked expenses, credit cards, invoice & tax automation
- Clients include Dhan, DrinkPrime, Swish, Wint Wealth
- Partners with 15+ banks; funding to expand AI and scale GTM
