Mumbai-based BriskPe has raised $5 million in a seed round from PayU. This investment marks a milestone in BriskPe’s journey to empower Indian Micro, Small and Medium Enterprises (MSMEs) and exporters by simplifying global payments.
Commenting on the investment, Sanjay Tripathy, Co-Founder and CEO, BriskPe, said, “PayU’s investment in BriskPe aligns with our shared mission to reshape global payments for small businesses. This partnership represents a pivotal stride in simplifying cross-border transactions for MSMEs, enabling them to scale globally. At BriskPe, we are committed to bridge the gap between domestic and international trade, empowering local businesses with our innovative solutions to thrive globally.”
BriskPe will use the funding to enhance its product and service offerings, expand its team, and scale up its reach to enable more Indian businesses to set off on their global journey with seamless cross-border payments. The company remains committed to drive economic growth and allow MSMEs to thrive in the international market.
Vijay Agicha, Chief Investment Officer, PayU, stated, “BriskPe’s alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With BriskPe’s top-notch management team expertise in digital-first business models and banking systems, we’re excited to actively participate in shaping their future growth. We’re optimistic about the potential in cross-border payments and remain committed to drive economic growth in India.”