Inuka Capital and Gemba Capital led a pre-seed funding round for Pazy, an integrated business-payments platform for finance teams based in Bengaluru, which raised Rs 6 crore, or roughly $720K.
According to a press release from Pazy, the money raised will be utilized to scale the platform to Rs 10,000 crore in annual spend under management over the course of the following year, enhance ecosystem integrations, and increase product capabilities.
Pratik Chhajed and Devyanshu Shukla co-founded Pazy in 2023 with the goal of revolutionizing how companies handle non-payroll payments on a single platform, such as vendor payouts, reimbursements, and tax-related transactions. By integrating all three sections, the platform assists finance teams in processing invoices more quickly, recovering more input tax credit, and removing human error that can cause financial operations to go awry.
Leading businesses in a variety of industries, including manufacturing, media, retail, and BFSI, trust Pazy, which annually processes payments for customers like Plum Insurance, WhiteGold, Keka, Fibe, and Sprinto, among others, totaling hundreds of crores.
“At Pazy, our vision is to develop a ‘gravity product’ that flawlessly unifies all business transactions. We’re working towards becoming the single operating system for our clients’ financial operations, enabling greater clarity, control, and efficiency while minimizing manual effort and errors. The pre-seed funding will fuel our efforts to scale annual spend under management to Rs 10,000 crore over the next 12 months,” said Pratik Chhajed, Co-Founder and CEO, Pazy.
Finance teams can close books 10× faster, recover up to 7% more input-tax credit, and see every rupee of spending in real time, according to Pazy.
