RapiPay raises $15Mn for launching its Super App
By MYBRANDBOOK
Fintech startup RapiPay has raised $15 million in funding to launch NYE, a new-age digital banking super app. The current funding round is led by Varun Jaipuria of RJ Corp, DLF Family Office, Rahul Gautam of Sheela Foam and Rohan Kumar of DS Group.
The funding will be used to build a digital banking and financial ecosystem and scale up existing payment services. RapiPay claims to be the only digital banking player in the country to have a ready phygital infrastructure of half a million hybrid direct business outlets (DBOs).
The hybrid DBOs will provide 24X7 banking services to customers at the doorstep across segments and geographies in the country.
RapiPay provides agent-based payment solutions for businesses and offers services such as mobile recharge, DTH recharge, money transfer, bill payments, cash withdrawal, AEPS, among other facilities.
The NYE super app will help RapiPay leverage technology to create ease, and convenience to provide banking and financial services in a seamless manner. The app is expected to be launched in June 2022.
Nipun Jain, CEO of RapiPay, said, “NYE is the first of its kind banking super app to manage multiple bank accounts, transactions and all kinds of financial requirements through a single login and one view of all transactions summary.”
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