Mysa raises $3.4M Pre-Series A to give CFO’s an instant AI upgrade to their legacy ERP & banking – APN News | Authentic Press Network News
Indian fintech startup Mysa has secured $3.4 million in a Pre-Series A round co-led by Blume Ventures and Piper Serica, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing backers Antler, IIMA Ventures, and Neon Fund. This brings the company’s total funding to $6.2 million.
Modern finance operations for mid-market India
Mysa is building an AI-driven automation layer that plugs into legacy ERPs and banking systems, giving finance teams tighter control, built-in audit trails, and meaningful cost savings by reducing manual work, fraud risk, and tax leakage. The platform streamlines:
- Vendor management
- Accounts payable
- Expense management
- GST ITC checks
- Multi-bank payment operations
With this round, Mysa plans to deepen its AI capabilities and broaden banking products, including AI-enabled procurement, UPI-powered expense management, and a corporate credit card offering. The company is also preparing embedded financing products by leveraging its vendor network, while expanding bank partnerships and distribution across India’s mid-market segment.
Rapid traction and deep bank integrations
In under a year since public launch, Mysa has scaled to processing more than ₹1,500 crore in annualized transaction volume, facilitating payments to over 40,000 bank accounts nationwide.
The company has built integrations with 15+ banks, including Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank, enabling a multi-banking architecture designed to work seamlessly on top of existing systems without migrations.
Who’s using Mysa
Mysa serves customers across sectors such as omni-channel commerce, quick commerce, manufacturing, hospitality, fintech, and real estate. Clients include Dhan, Wint Wealth, Swish, DrinkPrime, Vaaree, Handpickd, Guru & Jana, Accel Data, Atomic Work, DPDZero, and Material Depot, among others.
What leaders and investors are saying
“Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn’t evolved,” said Arpita Kapoor, co-founder and CEO of Mysa. “We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk — at zero upfront cost and with no migration required.”
Ajay Modi, Director Investments at Piper Serica, commented: “This is a massive, under-served opportunity in India, where mid-size businesses continue to struggle with fragmented and inefficient financial and banking workflows, often paying upfront fees to patch gaps in legacy ERPs. Mysa is creating a new category by combining AI-driven automation with deep bank integrations. Backed by an exceptional founding team, the company is well-positioned to redefine financial infrastructure for India’s backbone economy.”
Joseph Sebastian, VP at Blume Ventures, added: “We’re excited to double down on our investment in Mysa. The team has a first-principles understanding of finance teams’ real-world pain points, reflected in strong customer referrals and near-zero churn in the product’s first year. The platform’s multi-banking architecture and AI-first approach make it a natural upgrade layer over legacy systems.”
Nitin Sharma, Partner at Antler India, said: “We’re excited to double down on Mysa, where we’ve seen Arpita and Mohit’s clinical execution since day one. Mysa’s suite will be the best AI-enabled operating system for modern Indian finance teams — solving automation the right way, from AP to expense management and more.”
Looking ahead
Over the next five years, more than a million mid-sized Indian companies are expected to require intelligent, bank-integrated solutions spanning payments, tax, treasury, and embedded financial services. With its AI-first platform and growing banking network, Mysa aims to serve this demand and emerge as a category-defining B2B fintech for India’s mid-market finance teams.
