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Fintech Startup PayNest Secures $120M Series C, Valued at $1.2B

Summary

Indian fintech startup PayNest announced a $120 million Series C funding round today, pushing its valuation to $1.2 billion and officially joining the unicorn club. The round was l

Indian fintech startup PayNest announced a $120 million Series C funding round today, pushing its valuation to $1.2 billion and officially joining the unicorn club. The round was led by Global Capital Ventures, with participation from existing investors. PayNest specializes in digital payment solutions for small and medium enterprises, reporting a 300% growth in transaction volume last year. CEO Riya Sharma stated the funds will accelerate product innovation and expand PayNest’s reach in rural India. According to Bloomberg, this funding round is one of the largest in India’s fintech sector in 2026 so far.
1d agoVerified by Kanchan
Fintech Startup PayNest Secures $120M Series C, Valued at $1.2B

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