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PayGlocal said that the FinCEN registration will help it build the compliance, banking and payments infrastructure needed to support its US operations.
The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The funding round also saw participation from existing investors Together Fund and Array VC.
The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
The funding round saw participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
PB Fintech stated that the advisory does not have any material financial impact on the company.
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The funding round also saw participation from existing investor Negen Capital.
The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.
The latest round gives ServiceNow Ventures an around 5% stake in the Noida-based company.
The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.
With the industry shifting from payment aggregators halting third-party routing to the online gaming ban, it will be worth watching how Juspay’s FY26 numbers evolve.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
The startup will use the fresh investment to expand its team in Bengaluru and London.
According to Sebi, directors failed to discharge duties with unbiased approach while decision-making with respect to matters involving benefits to Paytm CEO Vijay Shekhar Sharma.
