BriskPe, a Mumbai-headquartered cross-border payments platform, has successfully raised $5 million in a seed funding round led by PayU, the fintech arm of Prosus. This investment signifies a significant milestone in BriskPe’s mission to empower Indian MSMEs and exporters by simplifying global payment processes. The announcement follows closely on the heels of PayU obtaining approval from the Reserve Bank of India (RBI) to operate as a payment aggregator in the country.
BriskPe plans to utilize the funding to enhance its product offerings, expand its workforce, and broaden its market reach, thereby enabling more Indian businesses to navigate the global landscape with efficient cross-border payment solutions. Founded by industry veterans Sanjay Tripathy, Nilesh Pathak, and Indunath Chaudhary, BriskPe aims to address the unique needs of Micro, Small, and Medium Enterprises (MSMEs) through its cutting-edge technology.
Since its inception in 2023, BriskPe has been committed to simplifying global payments for MSMEs, offering cost-effective, faster, and hassle-free transactions while ensuring compliance and robust tracking capabilities. With a customer base of over 1000 exporters, BriskPe strives to empower businesses to reduce costs, streamline operations, and enhance global competitiveness.
Sanjay Tripathy, Co-Founder and CEO of BriskPe, expressed enthusiasm about the partnership with PayU, emphasizing their shared goal of reshaping global payments for small businesses. He emphasized BriskPe’s dedication to bridging the gap between domestic and international trade, enabling local businesses to thrive on a global scale.
Vijay Agicha, Chief Investment Officer at PayU, underscored the strategic significance of the investment, citing BriskPe’s alignment with PayU’s cross-border payment strategy and focus on compliance. He expressed optimism about the partnership and PayU’s commitment to fostering economic growth in India through innovative payment solutions.
Tripathy concluded by highlighting BriskPe’s vision of simplifying international trade for local businesses, envisioning a future where cross-border transactions are as seamless as local commerce, thereby empowering every Indian business to succeed on the global stage.
