India, May 20 -- B2B fintech startup PaySprint today said it will be raising $3 Mn (around INR 25.7 Cr) in its Series A funding round from a clutch of undisclosed family offices and high-net-worth individuals (HNIs).

The startup said in a statement that as part of the $3 Mn fundraise, it has already secured $1.2 Mn in its first tranche.

The Delhi-based startup seeks to use the fresh capital to boost its product portfolio, expand AI capabilities for onboarding, fraud detection, workflow automation and talent acquisition.

The company's flagship product, SprintNXT, facilitates businesses with connected banking platforms, real time insights, collection tracking and reconciliation.

PaySprint founder and chief executive officer S Anand said...