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Buildd raises $2 Mn in pre-Seed round

Buildd, a banking-as-a-service (BaaS) platform, has raised $2 Million inits pre-Seed round led by Germany-headquartered venture capital firm Picus Capital and Mankekar Family Office. 

The company is also backed by operator founders including Ranjeet Singh (co-founder Pratilipi), Kunal Sharma (ex Freecharge), Nitin Agarwal (Founder B21), Aniruddha Patwardhan (Phonepe Engineering Head) & Kedar Swadi (Phonepe Data Science Head).

Buildd’s simple, modern APIs are designed for founders, developers, and product managers to build and ship complex financial products in no time. 

Founded in 2021, Buildd permits any fintech, B2B/B2C SaaS enterprise, D2C aggregator, B2B ecommerce platform, and more, to design their product in a plug and play manner, and go live in under 48 hours.

The “Buildd stack” provides customized SDKs & APIs via a white label solution for all things finance – virtual cards, deposit accounts, BNPL, credit lines, receivables factoring, B2B payments, KYC/AML compliance management, onboarding, escrow and more

The company had raised an oversubscribed round six months back. They onboarded several partners via their BNPL, Fund transfer, Creditline & Revenue Based Finance (RBF) APIs, and have built up a robust pipeline for the upcoming Escrow and Card-as-a-Service products. 

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