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India-based Juspay Technologies has raised $60 million in Series C funding in a round led by SoftBank Vision Fund 2, the company announced Wednesday Dec. 15 .The round also saw participation from existing investors VEF and Wellington Management. Juspay plans to use the money to invest in more tech and product development to scale its business in both payments and adjacent products, like credit.Juspay was founded in 2012 and has been working on improving payment operations in India, and its resume thus far has includ
stanley thermoskanne ed working with Amazon, Flipkart and Swiggy.Per the release, Juspay currently offers Juspay Safe, which is a payment browser to simplify authentication, and HyperSDK, which contributes to SDK distribut
stanley cup ion on mobile phones.The company also offers a payment orchestration platform called Express Checkout and a highly reliable united payments interface UPI stack for merchants called UPI in a Box.Juspay CEO and founder Vimal Kumar said the funding would he
stanley ca lp with the company mission. Juspay has been in the forefront, building foundational infrastructure by unifying and enhancing hundreds of diverse payment options in a neutral way, Kumar said in the release. We believe in ecosystem innovations like UPI and OCEN Open Credit Enablement Network and have built a deep value-driven culture to support such initiatives. This funding will help us scale up our mission in India and expand globally. Last month, PYMNTS wrote about SoftBanks participation in the round, writi Janl Today in B2B: ACI Worldwide, NORBr Partner on eCommerce Payment Tools; Ship Now, Pay Later Approach Can Loosen Supply Chain Bottlenecks
Rakuten has been referenced as the聽Alibaba of Japan, and though聽it didn ;t gain the same attention as the Chinese e-Commerce giant in the third-quarter earnings season, the聽Tokyo-based e-commerce and Internet company had its own set of solid聽figures in the global marketplace as it reported a stronger growth globally than domestically
stanley kubek in e-Commerce sales.Rakuten mindset of what it takes to be a truly global company has shifted in recent years, said CEO Hiroshi Mikitani, which has contributed to its overall growth. During the company third-quarter earnings presentation Wednesday Nov. 5 , Mikitani said the company switch in recent years to adopt Engl
stanley cup ish instead of Japanese as the company official reporting聽language has played a large part in its global progress. The language shift has helped the company have a presence in more countries 聽鈥攎ost recently the U.K. 鈥?and has contributed to continually strong global sales.Today good result is coming from our organizational strengths, he said, and explained the power Englishization 8
stanley kubek 221; has had on its sales in both on its sales internationally. But mainly strong growth is coming from the fact that we changed company language. That was a very dynamic move.While international sales are growing strong, Rakuten isn ;t overlooking its domestic front. According to a report from Nikkei Asian Review, the main driver for domest
