your password has been reset successfully, Please login again.

Ezetap digital payment firm elevate $16 million funds

Ezetap raises $16 million in a funding round led by JS Capital.
BY BEx Bureau
BusinessEx
Aug 24, 2017

JS Capital Management led funding round helped Ezetap digital payment wallet to raise $16 million.

Other existing investors also participated in this round like Social Capital and Li-ka Shings Horizon ventures to raise their stakes in the firm.

This platform offers merchants to receive digital payments from physical cards, wallets or one-click payments in applications by using Unified Payment Interface and SMS, digital QR code.

Unlike other firms, Ezetap implies software as a service business model for its digital payments. The software used by this platform can put together with the delivery based application, which makes it popular in logistic and e-commerce firms.

Chamath Palihapitiya, CEO of Social Capital said, India is on the brink of a massive surge in consumer consumption, but not until the underlying payments infrastructure is securely in place.

He further added, Ezetap is in an incredible position, with deep IP and no obvious US proxy its like a combination of Stripe, AWS, and Android, built for the complexities of the Indian market.

The startup aims to use these funds for further expansion in India as well as enter into markets in Southeast Asia.

Please add your Comment
SIMILAR News
December 07, 2017
POS solutions provider Mswipe raises $10 million funding in Series D round led by B Capital Group an ...More
By Akshay Arora
December 07, 2017
Expense management startup Happay backed by SEquia Capital, other investors with a funding of Rs 65. ...More
By Akshay Arora
December 06, 2017
Personalised task management startup Dunzo raised 412 million funding from Google under Next Billion ...More
By Akshay Arora
December 06, 2017
Flintobox which delivers child lerning kit has raised $7 million funding from venture capital firm L ...More
By Akshay Arora
December 05, 2017
Furniture and home appliances renting startup Rentickle secures $4 million funding from VC firms and ...More
By Akshay Arora
December 05, 2017
Bagalore-based home rental startup raises $50 million funding from UC-RNT Fund. ...More
By Akshay Arora
December 03, 2017
AEON Learning acquires edtech firm Acadgild for $1o million in an all stock deal. ...More
By Akshay Arora
November 30, 2017
Cisco Chairman John Chambers backs Uniphore Systems in exchange for 10 per cent stake in the firm. ...More
By Akshay Arora
November 29, 2017
Student accommodation startup Stanza living raises Rs.13cr funding from Matrix Partners and Accel Pa ...More
By Akshay Arora
November 29, 2017
Fitness startup MobieFit raises funding of $1.35 million from Dubai-based venture capitalist NB Vent ...More
By Akshay Arora
November 28, 2017
Agritech startup Krishihub raises seed funding from IIT Kanpur INVENT accelerators and Villgro Innov ...More
By Akshay Arora
November 27, 2017
IoT and SaaS technology transportation startup TempoGo raises Rs 1.6 crore ($250k) funding from Sing ...More
By Akshay Arora