The funds will be used for improving technology product development, as well as product launches in India and abroad.
Safexpay has raised $6 million/INR 44 crores in funding from two investors at a valuation of $ 100 million. The company has raised $3 Million from T Choithrams BVI, a family of Indian origin now based overseas, and signed an agreement to raise the remaining $3 million from Ardor Advisors, an American investor.
The funds will be used for improving technology product development, as well as product launches in India and abroad. The company provides white label payment gateways, white-label QR Code management tool white-label neo-banking platform, Payout API, and customized payment solutions to financial institutions, including banks. Safexpay started its operation in 2017 in Mumbai, with a gateway offering 100 plus payment options, 24×7 uptime, made for all business sizes.
Source: Business World
