NEW DELHI: Fintech firm Juspay has secured $50 million (around Rs 458 crore) in a fresh funding round from WestBridge Capital at a valuation of $1.2 billion, the company said on Friday.
The company plans to use the fresh funds for global expansion.
“Juspay..has secured $50 million in a Series D follow-on round, from WestBridge Capital. The transaction is a mix of Primary and Secondary investments, that value Juspay at $1.2 billion,” the company said in a statement.
The company was valued at $900 million last year.
The funding follows a year of continued growth for Juspay, with annualised Total Payment Volume (TPV) now exceeding $1 trillion, the statement said.