FinTech news in Bessemer Venture Partners category

Apurv Bansal, co-founder of Zenskar, said in an interview that 10% to 15% of SaaS companies today have moved toward a consumption-based pricing model on customers’ demand because of macro tailwinds such as product-led growth, automation and AI. The market is flooded with similar SaaS billing platforms, but Bansal said Zenskar allows companies to configure its solution in a no-code, low-code manner, without requiring them to rely on engineers. Headquartered in New York and Bengaluru, Zenskar is building a platform for SaaS companies to generate bills for their complex pricing plans — whether they are based on usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid or ramp deals. Zenskar, a startup that is aiming to help SaaS companies automate their billing workflows, has raised $3.5 million in a seed funding round.

Kuila said PhonePe never held any stake in Zopper, and the startup, which counts Tiger Global among its backers, continues to be supported by its early backers and new investors. Zopper currently has presence in over 1,200 Indian cities and has partnered with over 150 players in the industry, including retail group Amazon, ride-hailing startup Ola, retail chain Croma, phonemaker Xiaomi, Japanese conglomerate Hitachi, and Equitas Small Finance Bank. He said Zopper is initially aiming to first reach nearly $1 billion in revenue, and over the course of about five years it will file for an initial public offering. That business, an API platform for insurance infrastructure, said on Tuesday it has raised $75 million in new funding.

Matthews, CEO, was an investment banker and management consultant before co-founding Essmart, a social enterprise company in India, and then moving over to a leadership position at fintech retirement advisory firm ForUsAll.

As Hunters co-founder and CEO Uri May told us, since its Series B round, the team doubled down on helping enterprises replace traditional Security and Information Event Management (SIEM) solutions with its own tools.

Rupifi has raised $25 million in a new financing round as the Indian startup, which currently provides buy now, pay later service to several marketplaces to serve their merchants, looks to expand its business-to-business payments offerings. Buy now, pay later is Rupifi’s marquee offering today, but Jain, who previously worked at American Express and Razorpay, and sold his edtech platform StudyBud in an all-cash deal, said that the startup will be expanding its product offerings in the next few months. Rupifi works with more than two dozen business-to-business marketplaces.