Safexpay, a FinTech startup raises $6mn bringing valuation to $100 million

Safexpay, a Mumbai-based FinTech start-up has raised $6 million in funding from two investors at a valuation of $100 million. The company has raised $3 Million from T Choithrams BVI, a family of Indian origin now based overseas, and signed an agreement to raise the remaining $3 million from Ardor Advisors, an American investor.

According to the FinTech company the funds will be used for product improvement, bettering know-how for extra use circumstances, and likewise product launches in India and overseas. Safexpay as a company provides white label fee gateways, white-label neo-banking platform, white label QR Code administration software, Payout API and customised fee options to banks and different monetary sector contributors.

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Source: Safexpay, a FinTech startup raises $6mn bringing valuation to $100 million