Mysa raises $3.4m to modernise finance operations with AI

By Vriti Gothi

Bengaluru-based FinTech startup Mysa has raised $3.4 million in a Pre-Series A funding round to expand its AI-driven platform that streamlines enterprise resource planning (ERP) systems and fragmented banking operations for finance teams. The round brings the company’s total funding to $6.2 million.

The investment was co-led by Blume Ventures and Piper Serica, with participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing backers Antler, IIM A Ventures and Neon Fund.

Founded to address inefficiencies in accounts payable and multi-bank management, Mysa positions itself as an automation layer over legacy ERP systems and corporate banking portals. The company says its platform integrates with more than 15 banks—including Yes Bank, Axis Bank, IDFC First Bank, ICICI Bank, HDFC Bank and HSBC—allowing finance teams to initiate payments, monitor balances and reconcile transactions from a single dashboard.

The funding comes amid growing demand from mid-sized Indian businesses seeking to modernise financial workflows without replacing core ERP systems. Many continue to rely on manual processes or disparate banking interfaces, leading to operational complexity and limited visibility.

In less than a year since its public launch, Mysa reports processing over $183 million in annualised transaction volume and facilitating payments to more than 40,000 unique bank accounts across India. Its client base spans omni-channel commerce, quick commerce, manufacturing, hospitality, FinTech and real estate. Customers include Dhan, DrinkPrime, Wint Wealth and Atomic Work, among others.

The company’s product suite includes accounts payable automation, expense management and ERP synchronisation. Its AI-enabled invoice processing system uses large language models to extract contextual data from invoices, including line items and GST calculations, and supports multiple Indian languages. Mysa also offers integrations with ERP platforms such as Tally, Zoho Books, ERPNext, Odoo, NetSuite and Microsoft Dynamics, as well as procurement tools.

The company states it is ISO 27001 and SOC 2 certified, with data centres located in Mumbai and Hyderabad.

With the fresh capital, Mysa plans to deepen product capabilities and expand its footprint among Indian enterprises seeking to consolidate financial operations without undertaking full-scale ERP overhauls. The raise underscores continued investor interest in AI-led infrastructure platforms targeting operational finance, a segment increasingly viewed as critical to improving efficiency and governance in India’s growing mid-market economy.