Fintech startup for SMEs Rupifi said it has raised $1 million in venture debt from Alteria Capital and equity from Coinbase and Pinterest board member Gokul Rajaram in a series of undisclosed rounds.
The Bengaluru-based startup said it will use the funds from the new raise to scale its Buy Now, Pay Flexibly product aimed at small businesses transacting on B2B marketplaces.
Over the last six months, Rupifi said it has seen a 2X increase in spends during the last six months from SMEs that have been using its platform to transact on B2B marketplaces.
The startup said it intends to expand its offering to more SMEs, especially across different marketplaces.
