BRISKPE raises $5m in seed funding from FinTech giant PayU

By Gloria Mathias

BRISKPE, a Mumbai-based cross-border payments platform, has announced that it has raised $5 million in a seed round from PayU, the payments and FinTech business of Prosus.

This investment marks a crucial milestone in BRISKPE’s journey to empower Indian MSMEs and exporters by simplifying global payments.

BRISKPE will use the funding to enhance its product and service offerings, expand its team, and scale up its reach to enable more Indian businesses to set off on their global journey with seamless cross-border payments.

Sanjay Tripathy, Co-Founder and CEO of BRISKPE, said, “PayU’s investment in BRISKPE aligns with our shared mission to reshape global payments for small businesses. This partnership represents a pivotal stride in simplifying cross-border transactions for MSMEs, enabling them to scale globally. At BRISKPE, we are committed to bridging the gap between domestic and international trade, empowering local businesses with our innovative solutions to thrive globally.”

Vijay Agicha, Chief Investment Officer at PayU, stated, “BRISKPE’s alignment with our cross-border payment strategy and focus on compliance highlight a symbiotic partnership. With BRISKPE’s top-notch management team’s expertise in digital-first business models and banking systems, we’re excited to actively participate in shaping their future growth. We’re optimistic about the potential of cross-border payments and remain committed to driving economic growth in India.”

The funding will drive product development, talent acquisition, and business expansion for the cross-border payment startup, empowering Indian businesses to advance on their global journey.

BRISKPE has established itself as a pioneering force in the cross-border payment landscape. With a customer base of more than 1000 exporters, the company is on a mission to simplify global payments, making them cost-efficient, faster, and hassle-free, while ensuring robust tracking and compliance.

“At BRISKPE, we’re levelling the playing field for local businesses. We envision a future where international trade is as simple as local commerce, empowering every Indian business to thrive globally,” added Tripathy.