Cross-border payments startup BRISKPE has secured a substantial $5 million investment in its seed round from PayU, the fintech arm of Prosus focused on payment solutions.
As highlighted in a recent press release, the funds infusion will propel BRISKPE’s product development, talent acquisition efforts, and expansion strategies.
BRISKPE, spearheaded by Sanjay Tripathy, targets micro, small, and medium enterprises (MSMEs) and aims to cater to their specific needs. Its platform is designed to help these businesses cut costs, streamline global operations, and enhance their competitiveness on the global stage.
Based in Mumbai, BRISKPE boasts a clientele of over 1,000 exporters. The company’s mission is simplifying global payments and offering cost-effective, speedy, and user-friendly solutions while ensuring stringent tracking and compliance measures.
In cross-border payments, newer startups like Instarem, EximPe, Salt, Skydo, and Payglocal are emerging to challenge the status quo by making international transactions more affordable for smaller merchants.
PayU’s investment in BRISKPE aligns with its broader strategy in the fintech space. Recently granted in-principle approval by The Reserve Bank of India (RBI) to operate as a payment aggregator, PayU has been actively supporting fintech startups like Indiagold, Fisdom, and Dot, underscoring its commitment to fostering innovation in the sector.
