India-based Airpay raised new venture capital for its combination of C2B and B2B payment solutions.
Reports Tuesday (March 21) said Airpay raised $3.6 million in Series A funding led by Kalaari Capital. Existing backers Rakesh and Rajesh Jhunjhunwala also participated. Airpay said it will use the funds to continue building out its technology and focus on sales, distribution and support infrastructure.