In the light of our partial exit in the portfolio company Juspes tomorrow, today, VEF presents the latest research report in our ongoing range on our portfolio companies and their respective markets: Juspee: Jucepe: Payment infrastructure paid to a digital world. This is an extract from our recently published annual report.
Report 'JUSPAY: Changing payments infrastructure for a digital world investigates the latest trends in the Indian digital payment scenario. We share our insight on Jusaye, saying how Jusaype is fixing the final-to-end of the payment experience by removing friction and performing strong product innovation. We also discuss the next phase of development for Juspe: Global Expensing – Scaling India's Playbook to International Markets.
India's payment scenario is characterized by unique challenges of its mobile-first ecosystem. Juspee has created a safe and market-mandatory orchestation platform to solve these challenges, reliable by India's top venture traders. Juspay has been a part of the vef portfolio as we led the company's series B round in 2020, with USD 13 MLN investment. Since then, we have noticed that the company develops a significant payment infrastructure from a merchant orchestrator, which uses strong network effects in the ecosystem.
“As our first investment in India in 2020, Juspee has been a stand-out artist in VEF portfolio. Vimal and Sheetal's long-term thinking is rare and rare to come in high quality, a similar brain team has been gathered. Round underscorce has been gathered by the unique status of Jaspai and the quality of technology, we have a great return from our early investment, we have a unique back and starting in the company. The team is ready to continue their journey with the team and contribute to its success, ”said Alexis Kaumaudos, CIO.
“Juspee is a rare breed of the infrastructure company-one that combines deep technology with real-world scale, profitability, and a strong open-source ethos. By advancing India's payment orchestation layer and playing a central role in UPI's rise, now, we work proudly as the world.” Comments Shashi Shekhar Mahajan, Principal in Vef.
The report is related to this press release and is accessible on our website: Juspee: Transforming Payments Infrastructure for a Digital World
