Setu Acquired
Setu is a Bengaluru-based fintech API infrastructure company offering open APIs across bills, savings, credit and payments — including Account Aggregator, BBPS (Bharat Bill Payment System), UPI, eSign/eNACH and KYC/data APIs — that connect regulated financial institutions to businesses building financial products. It was acquired by Pine Labs in June 2022 and now operates as Pine Labs' wholly owned subsidiary…
Setu: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 15 Apr 2020 | Series A | $15 Mn | Falcon Edge Lightspeed Venture Partners US Bharat Inclusion Seed Fund Lightspeed India Partners | source |
| 11 Apr 2019 | Seed | $3.5 Mn | Lightspeed India Partners Bharat Inclusion Seed Fund | source |
Acquisitions
News on Setu
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Who founded Setu?
Setu was founded by Sahil Kini, Nikhil Kumar in 2018.
How much funding has Setu raised?
Setu has raised $18.5 Mn across 2 tracked funding round(s), most recently on 2020-04-15. Figures are compiled from cited public sources.
Who are the investors in Setu?
Investors in Setu include Falcon Edge, Lightspeed Venture Partners US, Bharat Inclusion Seed Fund, Lightspeed India Partners.
What does Setu do?
Setu is a Bengaluru-based fintech API infrastructure company offering open APIs across bills, savings, credit and payments — including Account Aggregator, BBPS (Bharat Bill Payment System), UPI, eSign/eNACH and KYC/data APIs — that connect regulated financial institutions to businesses building financial products. It was acquired…
Where is Setu headquartered?
Setu is headquartered in Bengaluru, Karnataka, India.
What is Setu's business model?
Setu's core value proposition centers on Fastest way to launch financial journeys, Building blocks for anything fintech, Launch in days, not months, Developer-friendly infrastructure.
How does Setu make money?
Setu's cited revenue streams include API transaction fees on BBPS, API transaction fees on UPI.