Bengaluru’s Mysa Raises $3.4 Million to Transform Financial Operations
Bengaluru-based fintech startup Mysa has successfully raised $3.4 million in a pre-Series A funding round, co-led by Blume Ventures and Piper Serica. The funding round also saw participation from several notable investors, including Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing supporters like Antler, IIMA Ventures, and Neon Fund. This latest funding round brings Mysa’s total funding to $6.2 million.
Prior to this, in February 2025, Mysa had raised $2.8 million in a funding round led by Blume Ventures, marking a steady growth trend for the nascent fintech company.
About Mysa: Revolutionizing Financial Operations
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa operates as a B2B fintech platform that aims to modernize financial and banking operations specifically for mid-sized businesses. The startup’s innovative solutions include a unified system designed to automate key functions like accounts payable, invoice processing through a unique Smart Scan feature, supplier payments, expense management, and AI-based accounting reconciliation.
Enhancing Business Efficiency
Mysa’s platform is designed to seamlessly integrate with existing Enterprise Resource Planning (ERP) systems and banking accounts, all with the goal of minimizing manual workloads and operational vulnerabilities. As a result, Mysa claims to empower businesses by improving control and visibility across financial operations while effectively reducing losses associated with inefficiencies, fraud, and tax leaks.
Innovative Solutions for Mid-Market Segment
The startup’s offerings are especially focused on the evolving mid-market segment in India, covering crucial aspects like supplier management, GST input tax credit controls, multi-bank payment operations, and streamlined expense workflows. “Finance teams today need to scale faster while managing more complexity, but the underlying infrastructure hasn’t evolved,” notes Arpita Kapoor, CEO of Mysa. “We’re building an AI-driven automation platform that allows teams to scale efficiently without incurring operational risks or additional costs.”
Future Growth with New Capital
The newly acquired capital is earmarked for strengthening Mysa’s AI capabilities and expanding its banking product offerings. Planned initiatives include AI-based procurement tools, UPI-based expense management systems, and the introduction of a corporate credit card. The company is also aiming to explore integrated financing options by leveraging its extensive supplier network, coupled with an expansion of banking partnerships across India.
Impressive Milestones Achieved
Remarkably, less than a year post its public launch, Mysa has processed an annualized transaction volume exceeding INR 1,500 crore, facilitating payments to over 40,000 bank accounts across the nation. Furthermore, the startup has integrated with over 15 banks, including prominent names like Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.
A Broad Client Base Across Industries
Mysa’s platform is currently utilized by a diverse array of businesses in sectors such as retail, manufacturing, hospitality, fintech, and real estate. Noteworthy clients include Dhan, Wint Wealth, DrinkPrime, and Material Depot, showcasing Mysa’s rapid adoption and significant impact in the fintech landscape.