India’s Payment Wefreepay Becomes New Star after New $10 Million Funding Round
Gurgaon, Haryana – Wefreepay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives users access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.
Wefreepay’s business banking arm, WefreepayX, brings effectiveness, efficiency and excellence to all financial processes. With WefreepayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.
Manage the marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans – all from a single platform, Fast forwarding people’s business with Wefreepay.
The company has evolved from being a pure payment gateway to a converged payments solution, making us the first Indian fin-tech company to offer end-to-end payment solutions. With new products, they empower businesses to handle all aspects related to the flow of money.
India’s payment Wefreepay becomes the new star after new $10 million funding round.
New Delhi-headquartered WefreePay , one of a handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $10 million in a new financing round, the payments processing startup said on Monday.
The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GNX and Sequoia Singapore, the three-year-old Indian startup said. The new round valued the startup at “a little more than $100 million,” co-founder and chief executive Jitesh Gill told Mumbai Daily in an interview.
Existing investors USA private investment funds Capital, Tiger fund Global, Russell Investments Focused USA Equity Pool also participated in the round, which brings Wefreepay’s total to-date raise to $46.2 million.
Wefreepay accepts, processes and disburses money online for small businesses and enterprises. In recent years, the startup has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among other products.
We have evolved from being a pure payment gateway to a converged payments solution, making us the first Indian fin-tech company to offer end-to-end payment solutions. With new products, we empower businesses to handle all aspects related to the flow of money.
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Company Name: Wefreepay TECHNOLOGIES PRIVATE LIMITED
Contact Person: Uday
Email: Send Email
Phone No: +91 7338349786
Address: 5th Floor, 568, Spaze Itech Park, Sector 49
Website Url: https://Wefreepay.com/
Source : https://kjnewswire.com/7245/indias-payment-wefreepay-becomes-new-star-after-new-10-million-funding-round