API fintech platform YAP on Tuesday said that it has raised $4.5 million as a part of its Series A round, led by Singapore-based venture capital firm BEENEXT.

8i Ventures Fund, The DMI Group via its AIF vehicle The Sparkle Fund, Better Capital, and angel investors Alok Mittal, CEO, Indifi, Ashneer Grover, CEO, BharatPe, Amrish Rau, CEO, PineLabs, Jitendra Gupta, founder, Jupiter and Abhishant Pant, founder, Fintech Meetup also participated in the round.

“YAP has played a crucial role in the evolution of the fintech ecosystem in India. As a provider of digital payments infrastructure, it is very well-placed to benefit from the continuing adoption of digital finance channels by Indian households and companies.” commented

Shivashish Chatterjee, Co-founder & Joint MD, DMI Group.

Source: LiveMint