Pazy, a fintech startup based in Bengaluru, has raised ₹6 crore (approximately $720,000) in a pre‑seed funding round led by Inuka Capital, with participation from Gemba Capital. This round marks a promising step forward for the company as it aims to reshape how businesses handle payments, reimbursements, and compliance.
Founded in 2023 by Pratik Chhajed and Devyanshu Shukla, Pazy was born out of the founders’ direct experience with the inefficiencies that plague financial back offices. Tired of scattered workflows and manual processes, they envisioned a unified platform to manage non-payroll expenses—from vendor payouts and employee reimbursements to tax payments and invoice tracking. The result is a smart, AI-powered system that simplifies financial operations for modern businesses.
Even at its early stage, Pazy has shown impressive traction. The platform already processes invoices worth over ₹3,000 crore and handles significant monthly payments for a growing list of customers in sectors such as banking, manufacturing, media, and retail. Brands like Plum Insurance, Keka, Sprinto, Fibe, and WhiteGold are among its early adopters.
One of Pazy’s standout features is the efficiency it brings to finance teams. With automated approval workflows, real-time dashboards, and intelligent tax input tracking, companies using Pazy report closing books up to 10x faster and recovering 7% more in input-tax credits. By replacing fragmented tools with a single, integrated solution, Pazy helps businesses save both time and money.
The funding will primarily be used to scale the product, enhance ecosystem integrations, and introduce deeper compliance and regulatory features. The company is also preparing for rapid expansion with a bold goal of managing ₹10,000 crore in business spend over the next year.
According to Inuka Capital, the investment was driven by Pazy’s strong early momentum and the growing need for smarter financial tools in India’s increasingly regulated business environment. The firm believes Pazy is well-positioned to become the “mission control” platform for CFOs and finance teams across the country.
Pazy’s platform stands out with features like invoice capture via WhatsApp or Slack, AI-driven document parsing, automated vendor approvals, direct UPI and bank payouts, and real-time spend visibility—all designed for seamless daily use by finance professionals.
As Indian businesses grow more complex and compliance-heavy, Pazy offers a much-needed solution that is fast, user-friendly, and deeply integrated. With a strong founding team, committed investors, and a clear product-market fit, Pazy is on track to become a key player in India’s evolving B2B payments ecosystem.
