CARD91, a global payment issuance infrastructure platform that powers B2B payments and lending on a card, has raised $13 million in a Pre-Series A funding round.
The funding round was led by Infinity Ventures, Point72 Ventures, and Sabre Partners. Emphasis Ventures (EMVC), Commerce Ventures, and high-profile Fintech Angel Investors also participated.
The funds raised will be used to expand the company's issuance of product offerings and reach multiple businesses across India and start a foray internationally. It will also help in building team strength and capabilities and launching related ancillary products.