Japanese investment company SoftBank is likely to lead the upcoming $100 million to $120 million fundraising round for FinTech Juspay, according to a report in The Economic Times Tuesday (Nov. 23).
If successful, the move would value the company at between $400 to $500 million — and if Juspay’s investment round hits its goal, it would be the largest fundraising effort for the company since it launched almost a decade ago.
Juspay provides payment processing technology to merchants and is adding more services as more businesses have shifted their focus online since the start of the COVID-19 pandemic.
The FinTech has raised a total of about $27 million from investors leading into the expected nine-figure effort, including raking in $21.6 million in March 2020 at a $118 million valuation.
SoftBank is one of the largest investors in Paytm and appears to be looking to diversify its investments in the Indian FinTech space with its…