Fintech Startup 'Plutos ONE' wins $2 million in Seed Funding round
A technical service provider for the Bharat Bill Payments Systems (BBPS) Plutos ONE, has gotten $2 million in a Seed funding round drove by StartupXseed.
The funding round additionally seen interest from Genesia Adventures, Auxano Capital, Raghuvanshi Ventures and different financial backers.
The Delhi-based platform had recently raised am angel funding round from its current financial backers and others including Aakash Chaudhry, Prabhjeet Singh, Neeraj Mohan, Gautam Kamath, Ravi Gosain, Harish Chandra, Chanakya VC, Sarcha Advisors and others.
The newly raised funds will be utilized for onboarding banks as biller working units as well as agent establishments on the network of BBPS, Plutos ONE said in an official statement.
Plutos ONE, which was co-founded in the year 2021 by Rajjat Gulati and Rohit Mahajan, is licensed and supported by NPCI Bharat BillPay Limited (NBBL). It possesses and works a merchant financed collection platform on which it runs card initiation solutions for different credit and charge card guarantors.
Its clients incorporate NPCI, Visa, Punjab National Bank, Kotak Mahindra Bank, IDFC First Bank, Yes Bank, BHIM UPI, BobCards, UCO Bank, Bank of Maharashtra, IDBI Bank and Loylty Rewardz.
Expressing to this new funding round, Rajjat Gulati, Co-Founder & CEO of plutos ONE, states, “plutos ONE is committed to taking the Digital Public Infrastructure being developed by NPCI and its subsidiaries to every last Indian. As licensed and empaneled Technical Service Providers to the Bharat Bill Payments System, we are uniquely positioned to help Banks connect their Business and Individual Customers to Digital Bill Payments. Our latest round is a huge boost to our plans to build the Payments Infrastructure for the next 200 million Indians.”
Similarly, Ravi Thakur, Co-Founding Partner at StartupXseed Ventures, said, “We believe that plutos ONE offers a completely new paradigm for building out the Digital Payments Ecosystem in India. The team has a stellar record of delivering Digital Solutions for Banks at scale. We are delighted to partner with them to help scale their business and empower more Indian Banks to serve their customers better.”
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The funding round additionally seen interest from Genesia Adventures, Auxano Capital, Raghuvanshi Ventures and different financial backers.
The Delhi-based platform had recently raised am angel funding round from its current financial backers and others including Aakash Chaudhry, Prabhjeet Singh, Neeraj Mohan, Gautam Kamath, Ravi Gosain, Harish Chandra, Chanakya VC, Sarcha Advisors and others.
The newly raised funds will be utilized for onboarding banks as biller working units as well as agent establishments on the network of BBPS, Plutos ONE said in an official statement.
Plutos ONE, which was co-founded in the year 2021 by Rajjat Gulati and Rohit Mahajan, is licensed and supported by NPCI Bharat BillPay Limited (NBBL). It possesses and works a merchant financed collection platform on which it runs card initiation solutions for different credit and charge card guarantors.
Its clients incorporate NPCI, Visa, Punjab National Bank, Kotak Mahindra Bank, IDFC First Bank, Yes Bank, BHIM UPI, BobCards, UCO Bank, Bank of Maharashtra, IDBI Bank and Loylty Rewardz.
Expressing to this new funding round, Rajjat Gulati, Co-Founder & CEO of plutos ONE, states, “plutos ONE is committed to taking the Digital Public Infrastructure being developed by NPCI and its subsidiaries to every last Indian. As licensed and empaneled Technical Service Providers to the Bharat Bill Payments System, we are uniquely positioned to help Banks connect their Business and Individual Customers to Digital Bill Payments. Our latest round is a huge boost to our plans to build the Payments Infrastructure for the next 200 million Indians.”
Similarly, Ravi Thakur, Co-Founding Partner at StartupXseed Ventures, said, “We believe that plutos ONE offers a completely new paradigm for building out the Digital Payments Ecosystem in India. The team has a stellar record of delivering Digital Solutions for Banks at scale. We are delighted to partner with them to help scale their business and empower more Indian Banks to serve their customers better.”
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