Briskpe secures $5 million seed investment from PayU

Mumbai-based cross-border payment platform Briskpe has secured a $5 million seed investment from PayU, the fintech arm of global conglomerate Prosus.

With this funding, Briskpe plans to diversify its product offerings, expand its team, and increase its operational footprint.

Commenting on the funding, Sanjay Tripathy, co-founder CEO of Briskpe in a statement said, “PayU’s investment 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 added, “Briskpe’s alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With Briskpe’s top-notch management team expertise in digital-first business models and banking systems, we’re excited to actively participate in shaping their future growth.”

Briskpe is one of the leading players in the cross-border payment sector claims to have over 1000 exporters in its customer base.