PayU invests $5 million in cross-border payments start-up BRISKPE

Prosus-backed fintech major PayU, on Monday, invested $5 million in a seed round in cross-border payments platform BRISKPE.

The Mumbai-based payments firm will use the funding to improve its product and service offerings, expand its team, and scale its services.

“BRISKPE’s alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With BRISKPE’s top-notch management team, expertise in digital-first business models and banking systems, we’re excited to actively participate in shaping their future growth,” said Vijay Agicha, chief investment officer, PayU.