Funding · Financial Services

Mysa raises $3.4M to expand AI banking tools for mid-sized enterprises

By Startup Enthusiast · 27 January 2026

What they do

Mysa provides AI-driven automation for finance teams in mid-sized Indian companies, reducing manual work and fraud

The $3.4M Pre-Series A round was co-led by Blume Ventures and Piper Serica, with participation from other investors

Mysa processes over ₹1,500 crore annually in transaction volume, connecting with 15+ major banks and serving 40,000+ bank accounts

Mysa has raised $3.4M in a Pre-Series A funding round co-led by Blume Ventures and Piper Serica.
Ikemori Ventures, Raise Financial Services, and QED Innovation Labs also participated in the round.
Antler, IIMA Ventures, and Neon Fund are existing investors who also contributed.
The total funding raised so far is $6.2M, including a $2.8M seed round in early 2025.
The company plans to use the funds to deepen its AI capabilities and expand its banking product offerings.
New products include AI-enabled procurement, UPI-driven expense management, and a corporate credit card.
Mysa aims to expand bank partnerships and scale distribution across India’s mid-market segment.

Mid-sized Indian companies often struggle with fragmented financial workflows and legacy systems.
Mysa provides an instant AI upgrade without requiring a full migration to new systems.
The platform integrates with 15+ major banks, including HDFC, ICICI, Axis, and Yes Bank.
Mysa’s clients include Dhan, Wint Wealth, Swish, DrinkPrime, and Material Depot.
The startup processes ₹1,500+ crore in annualized transaction volume and connects to 40,000+ bank accounts.

Mysa is a B2B fintech startup that provides AI-driven automation for finance teams in mid-sized enterprises.
It helps companies reduce manual inefficiencies, fraud, and tax leakages by simplifying Vendor Management, Accounts Payable, and Expense Management.
The platform integrates with legacy ERPs and banking systems without requiring a full migration.
Mysa’s core features include Smart Scan for invoice processing, Unified Banking, and Automated Reconciliations.
It also offers GST Compliance tools, including input tax credit (ITC) checks and vendor verification.
Mysa targets the mid-market segment, which includes companies with annual revenues between ₹10 crore and ₹300 crore.

Mysa plans to launch a corporate credit card and AI-enabled procurement tools.
The company aims to expand bank partnerships and scale distribution across India’s mid-market segment.
Mysa will deepen its AI capabilities and launch new banking products.

Blume Ventures (co-led) — A venture capital firm focused on early-stage startups in India.
Piper Serica (co-led) — A venture capital firm investing in high-growth startups across Asia.
Ikemori Ventures (participated) — A venture capital firm with a focus on technology and innovation.
Raise Financial Services (participated) — A financial services company and parent of Dhan, a digital banking platform.
QED Innovation Labs (participated) — A venture capital firm investing in early-stage startups in India.
Antler (existing) — A global venture capital firm investing in early-stage startups.
IIMA Ventures (existing) — A venture capital firm backed by the Indian Institute of Management Ahmedabad.
Neon Fund (existing) — A venture capital firm focused on early-stage startups in India.

Product: Finance automation SaaS platform integrating banking, expense management, and accounting workflows
Customers: Mid-sized Indian businesses with revenue between Rs 10 crore and Rs 300 crore
How it makes money: SaaS subscription for finance teams to automate accounts payable, vendor payments, and reconciliations
What sets it apart: Integrates with legacy ERP systems and banking infrastructure without requiring system migration