Hyperface secures $9M to bolster credit cards-as-a-service offering
Hyperface, has secured $9 million in funding. The supplier of credit card infrastructure will bolster its credit cards-as-a-service offering with the money. Ramanathan RV, a co-founder of Juspay, founded Hyperface, which announced on Wednesday that it had secured $9 million in investment led by 3one4 Capital. The financing was contributed to by both current investors like Global Founders Capital and Better Capital as well as new investors including Flipkart Ventures, Groww, and Rebalance Angel Community. The company will utilize the money to improve its credit cards-as-a-service offering in an effort to assemble a strong team. Ramanathan and seasoned banker Aishwarya Jaishankar founded Hyperface in 2021. Through backend application programming interface (API)-integrations, Hyperface enables enterprises to issue credit cards and pay later issuing solutions at scale. The business said that rather than taking 12 to 18 months as in the past, it now enables enterprise...