B2B fintech startup Mysa has successfully raised $3.4 million in a pre-Series A funding round co-led by Blume Ventures and Piper Serica. The round attracted participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors including Antler, IIMA Ventures, and Neon Fund. This brings Mysa’s total funding to $6.2 million, following a $2.8 million seed round in February 2025. Headquartered in Bengaluru and founded by Arpita Kapoor and Mohit Rangaraju, Mysa develops software that integrates seamlessly with legacy enterprise resource planning (ERP) systems and banking infrastructure, enabling finance teams to automate critical workflows without requiring system overhauls.

Funding Details and Strategic Objectives

The capital infusion follows Mysa’s demonstrated market traction, with the platform currently processing over Rs 1,500 crore in annualized transaction volumes and facilitating payments to more than 40,000 bank accounts. The company maintains integrations with over 15 major banks, including Axis Bank, Yes Bank, IDFC First Bank, ICICI Bank, and HDFC Bank. Mysa intends to deploy the funds to enhance its automation capabilities and introduce new banking products, such as procurement tools, Unified Payments Interface (UPI)-linked expense management, and a corporate credit card. Additionally, the startup plans to explore embedded financing opportunities through its extensive vendor network.

Mysa’s customer base spans diverse sectors including quick commerce, manufacturing, hospitality, fintech, and real estate, with notable clients such as Dhan, Wint Wealth, Swish, DrinkPrime, and Material Depot. CEO Arpita Kapoor emphasized the platform’s value proposition: “Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn’t evolved. We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk—at zero upfront cost and with no migration required.“

Platform Capabilities and Market Positioning

Mysa’s core offering addresses longstanding pain points in mid-sized enterprises, which often rely on outdated ERP systems ill-equipped for modern financial operations. The platform automates essential functions including vendor management, accounts payable, expense management, GST input tax credit verification, and multi-bank payment processing. By operating as a non-intrusive overlay, Mysa eliminates the need for costly system migrations while delivering AI-powered features such as intelligent invoice processing and predictive payment workflows.

This approach particularly benefits mid-sized businesses in India—typically those with revenues between Rs 10-300 crore—that face fragmented financial workflows and bear significant upfront costs for patchwork solutions. Investors highlighted this underserved market opportunity. Ajay Modi, director of investments at Piper Serica, noted: “This is a massive, under-served opportunity in India, where mid-size businesses continue to struggle with fragmented and inefficient financial and banking workflows, paying service companies upfront fees to solve for gaps in legacy ERPs. Mysa is creating a new category by combining AI-driven automation with deep bank integrations.”

Leadership Perspective and Growth Trajectory

Founders Arpita Kapoor (CEO) and Mohit Rangaraju bring complementary expertise to the venture. Kapoor’s strategic vision focuses on product innovation, while Rangaraju’s operational background supports scalable execution. Launched in 2023, Mysa has achieved near-zero churn rates and strong customer referrals, reflecting robust product-market fit. The company’s zero-upfront-cost model, coupled with transaction-based revenue, positions it for sustainable growth as digital payment adoption accelerates across India’s mid-market segment.

The funding will support team expansion in engineering, sales, and strategic partnerships, enabling deeper market penetration beyond current strongholds. Blume Ventures’ continued investment underscores confidence in the founders’ execution, with partner Joseph Sebastian citing their “first-principles understanding of finance teams’ real-world pain points.”

Competitive Landscape and Industry Context

India’s B2B fintech ecosystem remains ripe for innovation, particularly in the mid-market segment neglected by enterprise-grade solutions from global players like Oracle or SAP. Competitors including Razorpay, Pine Labs, and bank-native platforms offer partial solutions, but Mysa’s comprehensive ERP-agnostic approach creates differentiation. The platform’s banking integrations and AI capabilities position it advantageously amid regulatory tailwinds such as GST digitalization and UPI expansion for corporate use cases.

Challenges include maintaining precision in bank API integrations, navigating RBI’s evolving fintech regulations, and scaling embedded finance capabilities that require sophisticated risk assessment. However, Mysa’s early metrics—significant transaction volumes and marquee clients—provide a foundation for overcoming these hurdles.

Strategic Roadmap and Future Opportunities

Mysa’s product expansion plans align with enterprise priorities. The forthcoming corporate credit card and UPI expense management tools address growing demand for streamlined corporate payments. Procurement automation and embedded vendor financing tap into supply chain digitization trends, potentially creating network effects through Mysa’s vendor ecosystem.

Longer-term, the company aims to establish itself as the default financial operating system for India’s mid-sized enterprises, potentially pursuing larger funding rounds or strategic partnerships with banks and ERP providers. Success in this segment could mirror the trajectory of horizontal fintech platforms that captured SMB markets earlier in the decade.

Conclusion: Establishing a New Standard in Mid-Market Fintech

Mysa’s $3.4 million pre-Series A funding represents a critical milestone in addressing the persistent inefficiencies plaguing mid-sized enterprises’ financial operations. By delivering AI-powered automation compatible with legacy infrastructure, the company offers a pragmatic path to digital transformation without the disruption of system replacements. The strong investor consortium and proven traction signal Mysa’s potential to define a new category in India’s B2B fintech landscape.

As mid-market businesses increasingly prioritize operational efficiency amid economic complexity, Mysa’s trajectory merits close attention from enterprise decision-makers, financial institutions, and investors. The startup’s ability to execute on its ambitious roadmap could reshape financial workflows for thousands of growing companies across India.