Mysa bags fresh funding co-led by Blume, Piper Serica

27 Jan 2026, 03:39 PM

The funding round saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.

Team Head&Tale

Business-to-business fintech startup Mysa has raised $3.4 million in a funding round co-led by Blume Ventures and Piper Serica.

The funding round saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.

The Bengaluru-based startup will use the fresh capital to expand its automation capabilities and launch additional banking products, including procurement tools, expense management linked to the Unified Payments Interface (UPI), and a corporate credit card.

The startup was founded by Arpita Kapoor and Mohit Rangaraju in 2023. Kapoor previously worked at Razorpay and has experience in financial operations, while Rangaraju brings expertise in technology and product development.

Mysa is a fintech startup that provides an AI-powered unified platform for business banking, expense management, and accounting automation. It helps mid-sized Indian businesses with revenue between Rs 10 crore and Rs 300 crore streamline accounts payable, vendor payments, and reconciliations. The platform features Smart Scan for automated bill processing, expense categorisation, and real-time reconciliation, with integrations across over 15 banks including Axis Bank, Yes Bank, IDFC First Bank, ICICI Bank, and HDFC Bank. The company serves customers across sectors such as quick commerce, manufacturing, hospitality, fintech, and real estate, and claims to currently process over Rs 1,500 crore in annualised transaction volumes.

Mysa had previously raised $2.8 million in a seed funding round from Blume Ventures and others in February 2025.

Fintech investments in India in 2025 grew by just 2% to $2.4 billion.

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