Bengaluru-based B2B fintech startup Mysa has raised $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 takes the company’s total funding to nearly $6.2 million.
AI-driven finance platform for mid‑market firms
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa builds an AI-first finance and banking operations platform aimed at mid-sized Indian businesses. The product integrates accounts payable automation, invoice processing, vendor payouts, expense management and multi‑bank operations into a single system designed to reduce manual effort and operational risk.
Addressing fragmented finance workflows
Mysa targets companies with annual revenues of roughly ₹10 crore to ₹300 crore — a segment that often relies on spreadsheets, emails and disconnected banking portals. These fragmented workflows make reconciliations slow and error‑prone and complicate compliance and cash‑flow visibility for finance teams.
The platform connects with existing ERPs and company bank accounts, enabling businesses to modernise their finance stack without replacing legacy systems. AI‑enabled workflows automate bill processing, enable near‑real‑time reconciliation and streamline payment approvals, giving finance leaders clearer control over liquidity.
Multi‑bank integrations and AI capabilities
A key differentiator is Mysa’s multi‑bank integration layer, which lets customers manage transactions across numerous bank accounts from one dashboard. The company works with several leading Indian banks to simplify payments, monitor balances and bolster audit readiness.
Mysa’s AI features include automated invoice scanning and intelligent expense categorisation, which together cut manual workload and allow companies to scale operations without proportionate increases in headcount or operational exposure.
Use of proceeds and product roadmap
The startup will deploy the funding to enhance its AI engine, broaden its product suite and scale customer acquisition across India. Planned offerings include UPI‑based expense management, AI‑led procurement workflows and corporate credit card products tailored to mid‑market enterprises.
Mysa is also exploring embedded finance solutions to make working capital more accessible through vendor and payment networks, aiming to evolve into a full‑stack finance operations platform for growing businesses.
Traction and market reach
Since launch, Mysa says it processes more than ₹1,500 crore in annualised transaction volume and supports payouts to over 40,000 bank accounts. Its customer base spans sectors such as quick commerce, manufacturing, hospitality, fintech, real estate and consumer brands.
Adoption by several fast‑growing startups and mid‑sized enterprises underscores rising demand for modern, AI‑enabled financial infrastructure among Indian businesses, positioning Mysa to deepen its presence in the B2B fintech landscape.
