Finance & Banking Platform Mysa Raises $2.8 Mn Led By Blume Ventures

• Streamlines finance and accounting operations for businesses with INR 10-300 cr revenue
• Partners with Yes Bank and already onboarded by companies like DPDZero and Kouzina
• By 2031 over a million mid-size companies will need automation for finance, accounts and banking workflows in India

Mysa, a unified Finance and Banking platform for mid-size businesses, announced its launch with $2.8M in seed funding led by Blume Ventures. The funding included participation from Emphasis Ventures (EMVC), Antler, Neon Fund, and CIIIE, along with notable founders as angels, including Sriharsha Majety (Swiggy), Mohit Kumar (Ultrahuman), Naiyaa Saagi (MyGlamm), Nitin Gupta (Uni), and Nishith Rastogi (Locus). The funds are being used to build the core platform capabilities, expand the team, and accelerate customer growth.

By unifying banking, finance operations, and accounting, Mysa empowers companies to streamline operations, enhance control, and make informed financial decisions. The platform connects every part of the financial workflow - from bill collection to tax compliance, payment execution, and ERP syncs into a single, seamless system.

The company is partnering with Yes Bank to provide integrated current account operations, targeting businesses with annual revenues/spends between INR 10-300 crore.

Mysa has already onboarded prominent companies across sectors including DPDZero, Kouzina, Guru & Jana, Swish and Rigi, demonstrating strong market validation for its unified approach.

Mid-sized companies are stuck with fragmented legacy banking and ERP systems that do not meet the demands of the modern business environment. Compliance demands for active tax enforcement (GST, TDS) have increased and need higher real-time accuracy. There are stronger audit requirements for companies. Venture funds also demand stricter financial controls for portfolio companies.

Mysa Smart Scan is AI-powered and automatically generates contextual narratives for bills, predicts due dates, and categorizes expenses. This intelligence extends to invoice collection via bots and intelligent payment routing, while the mobile app ensures banking accessibility on-the-go.

The founding team brings deep expertise from their successful exits and experience at leading financial institutions. Co-founders Arpita Kapoor (CEO) and Mohit Rangaraju (Product Head) previously built Mech Mocha, a social gaming startup acquired by Flipkart, while founding team members Ashutosh Panigrahi (CTO) and Mohit Jain (Head, Partnerships & Sales) bring extensive experience from Myntra, CRED, CITI Bank, and Axis Bank.

Arpita Kapoor, Co-founder & CEO, Mysa, said, “We are just getting started. Mysa aspires to run the Banking & Finances for the largest GDP contributing companies of India. As part of our ambitious roadmap, Mysa has successfully obtained a Registered Investment Advisor (RIA) license from the Securities and Exchange Board of India (SEBI). This milestone sets the stage for the development of an AI-enabled Treasury Management product, specifically designed for mid-size businesses to manage their excess cash”.

Gaurav Goel, the National Head of Start-up, Fintech, and New Economy Business at YES BANK, stated, "Mysa is revolutionising how businesses approach financial management by seamlessly integrating its platform with modern banking solutions. This partnership exemplifies how innovation and collaboration can address mid-sized companies' unique challenges, empowering them with unparalleled efficiency and control."

Joseph Sebastian, AVP at Blume Ventures, added, “We are thrilled to renew our partnership with Arpita and Mohit for their second venture. Mysa is a much-needed solution that tackles the day-to-day challenges in banking and finance that many Indian companies face. By streamlining these processes, Mysa will usher in a new era of efficiency in costs as well as on controls. With its AI-powered capabilities, Mysa is set to redefine finance operations for modern enterprises”.

By 2031, over a million mid-sized companies will need automation for workflows like bill payments, accounts receivable automation, and treasury management integrated with banking solutions seamlessly. Mysa addresses their unique Indian challenges and is on path to build a category defining company in the B2B fintech segment.

About Blume Ventures

Blume Ventures is an early-stage India-focused venture fund that backs startups with both funding as well as active mentoring. Blume typically invests in Seed and pre-Series A rounds in tech-led startups led by founders obsessed with solving hard problems for the Indian market and from India for the world.

Blume presently invests out of Fund IV, a $290M vehicle supported by leading institutional LPs and family offices. With the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600m, managed by an investment team based across Bengaluru, Mumbai, Delhi, and San Francisco. Some of the leading startups we have backed included Purplle, Unacademy, Spinny, Ultrahuman, Slice, Carbon Clean, and GreyOrange.

Check out this fun video about Mysa Launch Video Film