Bengaluru-based B2B fintech startup Mysa has raised $3.4 million in a fresh funding round co-led by Blume Ventures and Piper Serica, as the company doubles down on its mission to simplify financial operations for mid-sized Indian businesses.
The round also saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing backers Antler, IIMA Ventures, and Neon Fund, signalling strong continued investor confidence in the young fintech’s vision and execution.
This funding comes less than a year after Mysa’s $2.8 million seed round in February 2025, which was also led by Blume Ventures. With this latest infusion, Mysa is accelerating product development and expanding its footprint in India’s fast-evolving B2B fintech ecosystem.
Credits: Ascendants
Betting on Automation and a Broader Product Suite
Mysa plans to deploy the capital to significantly expand its automation capabilities and launch new banking and finance products aimed at finance teams juggling multiple fragmented tools.
According to the company, upcoming offerings will include:
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Procurement workflows
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UPI-linked expense management
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Corporate credit cards
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Enhanced banking automation and integrations
These additions are designed to make Mysa a one-stop platform for finance operations—covering everything from payments and expenses to reconciliation and reporting.
As mid-sized companies scale, finance teams often struggle with disconnected systems and manual processes. Mysa wants to eliminate that friction by offering an integrated stack that reduces errors, speeds up book closures, and improves visibility across cash flows.
Built Specifically for India’s Mid-Market Businesses
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa is focused on a segment often ignored by traditional fintech tools: businesses with annual revenues between ₹10 crore and ₹300 crore.
These companies are typically too large for basic accounting software, yet not large enough to afford expensive enterprise-grade ERP systems. The result is a patchwork of tools for banking, payments, and accounting—leading to inefficiencies and operational blind spots.
Mysa’s AI-powered platform is built to address exactly this gap.
An AI-Powered Platform for Finance Teams
At its core, Mysa helps businesses streamline critical workflows such as:
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Accounts payable
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Vendor payments
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Invoice processing
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Expense tracking
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Financial reconciliation
Features like Smart Scan automate bill processing, while intelligent categorisation and real-time reconciliation reduce manual effort and improve accuracy. Through partnerships with banks such as Yes Bank, Mysa also offers integrated banking directly within its platform.
For finance teams, this means fewer spreadsheets, fewer logins, and faster month-end closes—without losing control over compliance and spending.
Replacing Fragmented Tools With One Unified System
One of Mysa’s strongest value propositions is its push to become the financial operating system for mid-sized businesses.
Today, founders and finance leaders often rely on separate tools for banking, payments, expenses, and accounting—creating data silos and increasing the risk of errors. Mysa aims to bring all of these workflows into a single interface, enabling better oversight and smarter decision-making.
By centralising financial data, Mysa also enables business leaders to track cash flows in real time and make more informed strategic choices.
Growing Adoption Across Key Industries
Mysa is already seeing strong traction across multiple sectors, including quick commerce, manufacturing, hospitality, fintech, and real estate. Its customer base includes companies such as Dhan, Wint Wealth, Swish, DrinkPrime, and Material Depot, highlighting its appeal across both digital-first startups and traditional businesses.
The startup currently processes over ₹1,500 crore in annualised transaction volume and facilitates payments to more than 40,000 bank accounts, underlining the scale at which its platform is already operating.
Credits: Inc42
Deep Banking Integrations Power the Platform
To support this growth, Mysa has built integrations with 15+ banks, including Axis Bank, Yes Bank, IDFC First Bank, ICICI Bank, and HDFC Bank. These integrations allow businesses to manage multiple banking relationships from a single dashboard—an increasingly critical need as companies scale.
With fresh capital in hand, a growing customer base, and an expanding product roadmap, Mysa is positioning itself as the go-to finance stack for India’s mid-sized businesses. As automation becomes a necessity rather than a luxury, the startup’s unified approach could make it a key player in the next phase of India’s B2B fintech evolution.
