Pazy Secures Rs 6 Crore Funding to Scale Integrated Payments Platform
Bengaluru-based startup Pazy, an integrated business-payments platform designed for finance teams, has raised Rs 6 crore (approximately $720,000) in a pre-seed funding round. The round was led by Inuka Capital with participation from Gemba Capital.
The fresh capital will be strategically deployed to enhance Pazy’s product features, strengthen ecosystem integrations, and aggressively scale the platform towards managing Rs 10,000 crore in annual spend within the next year.
Founded in 2023, Pazy is Transforming Non-Payroll Payments
Founded just last year by Pratik Chhajed and Devyanshu Shukla, Pazy is focused on transforming how businesses handle non-payroll payments — including vendor payouts, reimbursements, and tax-related transactions — all within a unified, easy-to-use platform.
Unlike other platforms, Pazy uniquely integrates these three crucial segments, helping finance teams:
- Process invoices faster
- Reclaim more input tax credit
- Eliminate human errors that often disrupt financial workflows
This unified approach aims to provide businesses with greater financial clarity and operational efficiency.
Vision to Become the Financial Operating System for Businesses
“At Pazy, our vision is to develop a ‘gravity product’ that flawlessly unifies all business transactions,” said Pratik Chhajed, Co-Founder and CEO of Pazy.
“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 INR 10,000 crore over the next 12 months.”
What This Means for Businesses and Investors
With the rising complexity of financial operations, especially around non-payroll payments, Pazy’s solution addresses a critical pain point for many companies by consolidating multiple payment processes on one platform.
The new funding round signals investor confidence in Pazy’s vision and the growing demand for seamless financial technology solutions that streamline operations and reduce costly mistakes.
Looking Ahead
Pazy plans to invest heavily in:
- Expanding product capabilities
- Deepening integrations with financial ecosystems
- Scaling user adoption to reach ambitious financial transaction targets
By doing so, it hopes to establish itself as a market leader in India’s fast-growing business-payments sector.
