Mysa Bags $3.4 Mn To Strengthen AI-Based Finance Automation

Company Overview - Mysa is a fintech SaaS startup founded in 2023 by Arpita Kapoor and Mohit Rangaraju, offering finance automation and financial services tailored for mid-sized enterprises [1][4] - The platform utilizes AI-driven invoice processing, automated accounting, tax workflows, and integrated payment capabilities through partner bank accounts [4] Funding Details - Mysa has raised $3.4 million (approximately INR 31.2 crore) in its pre-Series A funding round, co-led by Blume Ventures and Piper Serica, with participation from several other investors [1][5] - Prior to this, Mysa raised $2.8 million in seed funding in February 2025 [5] Product and Service Offerings - The startup plans to enhance its AI capabilities and banking product offerings, including AI-enabled procurement, UPI-driven expense management, and a corporate credit card [2] - Mysa aims to expand bank partnerships and scale distribution to improve capital access for businesses [2] Market Position and Clientele - Mysa has partnered with over 15 banks, including major institutions like Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank [6] - The startup claims to have customers across various sectors, including quick commerce, manufacturing, hospitality, fintech, and real estate [5] Industry Context - The fintech sector in India continues to attract significant investment, with startups raising approximately $2.5 billion across 120 deals last year, maintaining the top position in funding [6] - The overall fintech landscape is evolving with new technological advancements and consumer trends, as highlighted by recent developments at the Global Fintech Summit [7]