Fundz

Vegapay raises $5.5M in a seed round led by Elevation Capital

PRIVATEMay 30, 2024

Amount Raised

$5.5 Million

Round Type

Seed

GurgaonFinancial Services

Investors

Eximius VenturesElevation Capital

Description

Fintech startup Vegapay has raised $5.5 million in a seed round led by Elevation Capital, with participation from Eximius Ventures. The funding will be used to enhance Vegapay’s product suite, focusing on product development and regulatory compliance updates.

Quick answer

Vegapay raised $5.5 Million in a Seed round, dated May 30, 2024. Investors: Eximius Ventures and Elevation Capital. Vegapay is based in Gurgaon, Haryana, India.

How much did Vegapay raise?
Vegapay raised $5.5 Million in a Seed round on May 30, 2024.
Who invested in Vegapay?
Eximius Ventures and Elevation Capital are named as investors in this round.
What does Vegapay do?
Vegapay is an Indian Fintech Startup that enables banks, NBFCs and other institutions to go live with their own hyper-flexible card and credit programs at a fraction of the existing time and cost.
Where is Vegapay based and how big is it?
Vegapay is based in Gurgaon, Haryana, India.
Who are the decision-makers at Vegapay?
Fundz holds 1 contact at Vegapay. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Vegapay that raised within 45 days of this round, from Fundz verified event records.

  • Partior raised $60M (Series B) on July 12, 2024.
  • AppTech Payments Corp raised $1M on July 11, 2024.
  • lemon.markets raised $13M (Funding Round) on July 11, 2024.
  • Earned Wealth raised $200M (Funding Round) on July 11, 2024.
  • Tread.fi raised $3.5M (Pre-Seed) on July 10, 2024.
  • MetaWealth raised $2.2M (Pre-Series A) on July 9, 2024.

Who to call at Vegapay, and when

A new round usually means Vegapay is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Vegapay

Location

Gurgaon, Haryana, India

About

Vegapay is an Indian Fintech Startup that enables banks, NBFCs and other institutions to go live with their own hyper-flexible card and credit programs at a fraction of the existing time and cost.

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Related People

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.