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Published on Monday, June 2, 2025
Spense Secures $1.85 Million Funding led by GrowthCap Ventures
Spense is making significant waves in India’s financial sector, have raised $1.85 million in a pre-seed funding round led by GrowthCap Ventures.
innovent.blog
June 3, 2025 at 1:19 AM
Credit Saison Supports Mylapay's USD 1m Bridge Financing
Payment infrastructure startup Mylapay has secured $1 million in a fresh capital injection, fortifying its balance sheet ahead of a planned Series A fundraise. The bridge round saw follow-on commitments from existing investors CDM Capital and Credit Saison, while Pratekk Agarwaal’s GrowthCap Ventures joined the cap table as a new backer, supported by a cohort of strategic angel investors. ## Sign up for Japan FinTech Observer Cutting through the noise of Japanese Finance & FinTech Subscribe Email sent! Check your inbox to complete your signup. No spam. Unsubscribe anytime. The newly deployed capital is earmarked for technical scalability and geographic diversification. Mylapay plans to enhance its cloud-native infrastructure and deepen integration partnerships with banks and payment aggregators. Furthermore, the company is aggressively pursuing a footprint in international corridors, targeting expansion into the Middle East, Africa, and U.S. markets. Mylapay operates in the critical plumbing of the fintech ecosystem, offering an "acquiring-in-a-box" solution. Its technology stack manages the full lifecycle of card and UPI transactions—from 3DS authorization and switching to clearing, settlement, and chargeback management. The platform, which holds certifications from Visa, Mastercard, and RuPay, recently rolled out a unified acquiring interface capable of processing 5,000 transactions per second. Mohanraj Ravi, Founder and CEO of Mylapay, argues that the industry is shifting away from opaque service models. “Payment processing can no longer be a black-box ‘service.’ Regulatory changes and industry evolution now demand product-based solutions—configurable, secure, and built for scale,” Ravi said. He noted that the funding will accelerate the adoption of their compliance-first infrastructure, allowing acquirers to maintain control without sacrificing data privacy. Investors appear bullish on the startup’s infrastructure-first approach. Pratekk Agarwaal, Founder and General Partner at GrowthCap Ventures, described the firm as a "category-defining" play. “Mylapay is solving one of the most critical infrastructure gaps—helping banks and payment institutions modernize their acquiring stack with reliability, compliance depth, and scale,” Agarwaal stated. The round also highlights a continued focus on regulatory robustness in the FinTech sector. Davesh Manocha, Managing Partner at CDM Capital, cited Mylapay’s “deliberate” focus on building a compliance-first architecture as a key driver for their continued support. * * * Credit Saison’s India Subsidiary Begins Raising Funds Through ECB LoansCredit Saison’s Indian subsidiary has begun raising funds through External Commercial Borrowing (ECB) loans. The subsidiary has signed a contract to execute a 150 million US dollar ECB loan from Mizuho Bank, which is a capital participant in Credit Saison India. Read also: “Mizuho Bank to invest in Credit Saison’Japan FinTech ObserverNorbert Gehrke
www.fintechobserver.com
January 5, 2026 at 11:31 PM
Ran Ding went from sleeping on a bank rug as a kid to running growth equity at Norwest. His parents' midnight shifts at McDonald's still fuel every term sheet he signs.

https://yespress.io/ran-ding?utm_source=bluesky&utm_medium=social via Yespress
Ran Ding
General Partner and Co-Head of Growth Equity at Norwest Venture Partners. Two-time GrowthCap Top 40 Under 40 Growth Investor. Music producer. Madison Square Garden buzzer-beater.
yespress.io
May 26, 2026 at 1:56 PM
GrowthCap Ventures Leads Pre-Series A Round in Navanc, India's First AI-Native Banking Infrastructure Company

Navanc, set to become India’s pioneering AI-native banking infrastructure company, has raised close to ₹6 crore in its Pre-Series A round led by GrowthCap Ventures, an operator-led…
GrowthCap Ventures Leads Pre-Series A Round in Navanc, India's First AI-Native Banking Infrastructure Company
Navanc, set to become India’s pioneering AI-native banking infrastructure company, has raised close to ₹6 crore in its Pre-Series A round led by GrowthCap Ventures, an operator-led early-stage VC fund founded by ex-BharatPe executive Pratekk Agarwaal. The round also saw participation from leading bankers and technologists, including Navin Kukreja (Founder, Paisabazaar), Gaurav Aggarwal, former CXO at Paisabazaar , Prasanna Rao a Co-founder of Arya.ag, and a diverse group of Bay Area and UAE based angels.
www.internationalkhabar.com
November 25, 2025 at 7:40 AM
I know each of the top 3 fin s/w CEOs https://growthcap.co/articles/?p=418 - Congrats to all (&validates my coverage on the space!)
Page not found | GrowthCap
growthcap.co
November 27, 2024 at 11:44 AM