SphitiCap funds PayVEDA’s $11.5M Series A.
- SphitiCap, an early-stage, sector-agnostic firm, gave fintech business PayVEDA $11.5 million in Series A investment. PayVEDA, a Noida-based fintech company, aims to help disadvantaged Indians.
- PayVEDA claims over 80,000 businesses since its founding. It wants 50 lakh traders in four years. The business also reported a gross transaction volume of Rs 7,000 crore from over five crore monthly transactions, which it hopes to expand to Rs 30 lakh crore in four years.