PaySprint Private Limited, a fintech and regtech startup based in Delhi, has secured $3 million in Series A funding to propel the next phase of business banking-led fintech innovation in India. The funding round, structured in two tranches, has already seen $1.2 million raised, with the remaining ₹15 crore expected to follow, underscoring strong investor confidence in PaySprint’s vision and growth trajectory.
The investment comes from a consortium of undisclosed family offices and high-net-worth individuals, reflecting the growing appeal of PaySprint’s business banking solutions among institutional and private investors. The fresh capital injection will be strategically allocated to deepen the adoption of PaySprint’s flagship platforms, SprintNXT and the newly launched Escrow Infrastructure, as well as to expand AI-driven capabilities for onboarding, fraud detection, and workflow automation. Additionally, the funds will support the strengthening of banking and enterprise partnerships and the expansion of product and engineering teams, further solidifying PaySprint’s position as a business banking innovator.
Founded in December 2020 by S Anand, Deepankar Agarwal, and Satnam Kaur Sachdeva, PaySprint set out to simplify the complexities of business banking for enterprises across India. The company’s evolution from a single-product startup to a comprehensive digital financial infrastructure provider has been marked by the success of SprintNXT, a business banking platform that offers connected banking, smart payouts, real-time collections, automated reconciliation, and actionable financial insights. SprintNXT has become a preferred choice for enterprises aiming for scalability, compliance, and optimised cash flow management.
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Complementing SprintNXT is SprintVerify, a robust verification engine that streamlines onboarding, KYC/KYB, and identity checks through over 120 APIs, including PAN, Aadhaar, RC, and bank account verification. This infrastructure empowers businesses to conduct fast, secure, and compliant verifications, enhancing trust and operational efficiency.
PaySprint’s latest innovation is its Escrow-as-a-Service (EaaS) offering, which includes SprintEXcrow—a secure, compliant escrow platform for digital platforms, marketplaces, and lending ecosystems—and SprintEX-code, a physical and cloud-based software escrow platform designed for source code protection and regulatory compliance. These solutions aim to bridge longstanding trust and compliance gaps in India’s digital economy, providing speed, security, and regulatory assurance from the outset.
