BRISKPE, a company in Mumbai, just got $5 million in seed funding from PayU, a big finance company. This money will help BRISKPE improve its products, hire more people, and do more work in more places. They want to make it easier and cheaper for Indian businesses to pay other businesses in different countries. PayU said this on Monday when they announced the $5 million investment in BRISKPE, which helps small and medium businesses with international payments.
Indian small and medium businesses (MSMEs) are important for India’s exports because they make up more than 45% of what gets sold to other countries. They help the economy grow and come up with new ideas. But sometimes, they have to pay a lot for transactions and the value of money changes all the time. BRISKPE wants to help with that. They want to make it cheaper for Indian businesses to deal with other countries and ensure the value of money stays more stable. This way, Indian companies can do business overseas more easily.
Partnership Boosts Global Payments for Small Businesses
Sanjay Tripathy, who helped start BRISKPE and is its CEO, is excited about teaming up with PayU. He said, “PayU putting money into BRISKPE is great because we both want to make it easier for small businesses to pay each other around the world.” This teamwork will make it easier for small businesses to grow and do business worldwide. BRISKPE is dedicated to helping local businesses connect with global markets by making it simple to trade internationally. Sanjay Tripathy said,
“At BRISKPE, we’re making it fair for local businesses to compete. We want to make trading with other countries as easy as doing business at home so that every Indian business can succeed globally.”
BRISKPE Grows with PayU’s Support
Vijay Agicha, who is in charge of investments at PayU, talked about why they decided to invest in BRISKPE. He said, “BRISKPE and PayU working together is great because we both want to make it easier for businesses to pay each other in different countries. BRISKPE knows a lot about digital businesses and banking, and we’re excited to help them grow even more.” PayU believes in the future of cross-border payments and wants to help India’s economy grow.
BRISKPE is one of the 30 new finance and technology startups chosen by PayU for their first accelerator program called inFINity. This means BRISKPE gets help and advice from PayU to grow bigger in the future.
BRISKPE’s team is made up of experienced people from the industry, like CEO Sanjay Tripathy, who used to work at HDFC Life; Nilesh Pathak, who was at NIUM before; and Indunath Chaudhary, who worked at Citi and ICICI Bank. They’ve quickly become an important part of helping businesses pay each other in different countries. With more than 1000 businesses already using BRISKPE, they’re making global trade easier for everyone, just like local business transactions.
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