PayU, a fintech company, has made a significant investment of $5 million in a seed round in BRISKPE, which specializes in cross-border payments. BRISKPE plans to utilize this funding to enhance its product and services, grow its team, and expand its offerings.
Vijay Agicha, the Chief Investment Officer at PayU, expressed enthusiasm about the partnership, stating, “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,” as quoted by Business Standard.
Sanjay Tripathy, the co-founder and CEO of BRISKPE, said, “PayU’s investment in BRISKPE reflects our shared vision of transforming global payments for small businesses. This partnership is a major step forward in simplifying cross-border transactions for micro, small, and medium enterprises, allowing them to expand on a global scale,” as per the report.
Notably, led by CEO, Sanjay Tripathy and Chief Product and Technology Officer, Nilesh Pathak, BRISKPE was launched in 2023. The platform specializes in offering cross-border payment solutions to businesses, particularly micro, small, and medium enterprises.