Payment issuance infrastructure platform CARD91 has raised $13 million in its pre-Series A round led by Infinity Ventures, Point72 Ventures, Sabre Partners, EMVC, and Commerce Ventures along with marquee angel investors.
In addition to expanding its reach across India and internationally, the proceeds will allow the brand to bolster its service offering and acquire new talent, it said in a press release.
Founded by Vineet Saxena, Ajay Pandey, and Kush Srivastava, CARD91 is building a plug-and-play Payment Issuance Infrastructure that helps businesses and banks launch co-branded cards and simplify business payments.
For banks, the Bengaluru-based startup’s API platform provides their customers with infrastructure to enable new age payment services and card-based lending.
The startup had previously raised seed funding from EMVC, Rainmatter Capital, Blume Founders Fund, Inflection Point Ventures, and several angel investors.
