Indian business banking fintech PaySprint banks first $1.2 million of $3 million Series A
PaySprint Private Limited, one of India's fastest-growing fintech and regtech companies, had set out to raise a total of $3 million USD, out of which $1.2 million USD in the first tranche, has been successfully raised.
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The remaining ₹15 crore is expected to follow in the second tranche, further strengthening PaySprint's vision of building the digital infrastructure powering Bharat's financial future.
'This is not just a fundraise—it's a milestone moment,' said S Anand, Founder & CEO of PaySprint. 'We've gone from one product to powering end-to-end journeys for NBFCS, fintechs, platforms, and enterprises. With SprintNXT and our newly launched escrow stack, we're solving problems that used to take months and multiple vendors to fix—now done in days, under one roof.'
A Journey From One Product to an Integrated Growth Platform
PaySprint began in Dec'2020 with a singular mission: to simplify the back-end of business banking. Over time, that vision evolved into a full-scale financial ecosystem with platforms that now serve thousands of businesses across India.
At the centre of this growth is SprintNXT, PaySprint's flagship Business Banking Switch, which powers:
● Connected banking platform
● Smart payouts and real-time collections
● Automated reconciliation
● Actionable financial insights
SprintNXT has emerged as the go-to for enterprises seeking scalability, compliance, and smarter cash flow management.
And alongside it, SprintVerify—PaySprint's comprehensive verification engine—has become the trusted backbone for onboarding, KYC/KYB, and identity checks across PAN, Aadhaar, RC, bank accounts, and more. Providing 120+ APIS, it plays a vital role in enabling businesses to verify with speed and confidence.
Escrow, Reimagined: The Trust Layer for Bharat's Digital Economy
Building on its robust foundation, PaySprint is now aiming high for the next frontier: Escrow Infrastructure. The company celebrated its fastest launch:
• SprintEXcrow - A secure, compliant Escrow-as-a-Service platform for digital platforms, marketplaces, and lending ecosystems.
• SprintEX-code - A physical and cloud-based software escrow platform, offering source code protection for regulated entities, ensuring compliance and business continuity.
These offerings fill a long-standing trust gap in India's digital economy—bringing speed, security, and regulatory comfort into transactions from day one.
'This is how we see the future: interconnected platforms solving real problems, not fragmented tools stitched together,' added Anand. 'With SprintNXT, SprintVerify, and now our Escrow Stack, PaySprint is not just offering services—we're offering scale.'
FY 25-26: A Roaring Start and a Smarter Future
With this fundraise and momentum, PaySprint is setting the tone for FY 25-26. The fresh capital will be used to:
• Deepen adoption of SprintNXT and Escrow Infrastructure
• Expand AI capabilities for onboarding, fraud detection, and workflow automation
• Build stronger banking and enterprise partnerships
• Grow the product and engineering teams
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