Enabling co-branded cards to be launched in under 7 days

Fintech

Invested in 2022

Vegapay is a plug and play solution for financial institutions & fintechs to start their lending business by integrating with existing APIs which cover end-to-end lending lifecycle, co-branded cards, and multi-currency cards.

Allocation

Fund I

Current Stage

Pre-series A

Founders

Gaurav Mittal

Puneet Sharma

Himanshu Agrawal

Abhinav Garg

Other Investors

Capri Global

DSP Investments

Elevation Capital

DSP Investments

Reason For Investment

Popularity of credit cards in India have grown significantly. However, penetration of credit cards still remains low when compared to debit cards due to lack of distribution channels especially in Tier 2+ cities in India. Backed by a team of fintech stalwarts, Vegapay is democratising issuance of co-branded credit cards for traditional and new–age financial services platforms.

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