Bengaluru-based B2B fintech startup Mysa has secured $3.4 million (about ₹28 crore) 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 existing backers including Antler, IIMA Ventures and Neon Fund. The fresh capital brings Mysa’s total funding to nearly $6.2 million as the company expands its AI‑driven finance solutions for mid‑market Indian businesses.
Targeting mid‑market finance complexity
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa builds an integrated finance and banking operations platform for companies with annual revenues of roughly ₹10 crore to ₹300 crore. This segment commonly relies on spreadsheets, emails and multiple banking portals, creating fragmented workflows, delayed reconciliations and compliance risks.
Mysa’s platform aims to reduce those frictions by unifying accounts payable automation, invoice processing, vendor payouts, expense management and multi‑bank operations. The system is designed to plug into existing ERPs and bank accounts so organisations can modernise finance operations without replacing legacy infrastructure.
Bank integrations and AI‑first automation
A key differentiator is Mysa’s multi‑bank integration layer, which consolidates transactions and balances across several bank accounts into a single dashboard. The startup works with leading Indian banks to streamline payment flows, improve audit readiness and provide finance teams with consolidated visibility over cash positions.
On the technology side, Mysa applies AI for automated invoice scanning, intelligent expense categorisation and real‑time reconciliation, reducing manual intervention and enabling companies to scale operations without proportionate increases in headcount or operational risk.
Use of funds and product roadmap
Proceeds from the Pre‑Series A will be used to strengthen Mysa’s AI engine, broaden its product suite and scale customer acquisition across India. Upcoming launches include UPI‑based expense management, AI‑led procurement workflows and corporate credit card solutions tailored to mid‑market needs.
The startup is also exploring embedded finance options to facilitate working capital access through vendor and payment networks, positioning itself as a more complete finance operations platform for growing enterprises.
Early traction across industries
Mysa reports strong early adoption: the platform processes over ₹1,500 crore in annualised transactions and supports payouts to more than 40,000 bank accounts. Its customer base spans quick commerce, manufacturing, hospitality, fintech, real estate and consumer brands.
Several fast‑growing startups and mid‑sized enterprises have implemented Mysa to automate finance workflows, reflecting rising demand for modern, AI‑enabled financial infrastructure in India’s mid‑market segment. The new funding aims to deepen Mysa’s footprint in the B2B fintech ecosystem and accelerate its mission to transform finance operations for mid‑sized companies nationwide.
