YCombinator-backed fintech startup inai raises $4M from Paua Ventures, 9Unicorns, others.

• ByAyushi Ray     |    September 21, 2021

YCombinator-backed fintech startup inai raises $4M from Paua Ventures, 9Unicorns, others. Uncommon Capital, Soma Capital, Anarko Ventures, Better Capital, and Gemba Capital, along with angel investors — Sriram Krishnan, Lenny Rachitsky, Matt Robinson (Founder – GoCardless, Nested), Louis Beryl (Rocketplace, Earnest), Charlie Delingpole (Founder, Comply Advantage), Naren Shaam (Founder, Omio), and Kunal Shah (Founder, CRED) also participated in the round. According to the press statement, inai will utilise the fresh capital to strengthen its technology team, expand its product portfolio, and build on their sales and marketing. 
The startup is part of Y Combinator’s Summer 2021 cohort for startups.

Founded by serial entrepreneurs Anantharaman Pattabiraman and Karthik Narayanan in May this year, inai allows merchants to manage checkout, payments, subscriptions, refunds, cancellations, and chargebacks across the globe, along with the ability to orchestrate any business logic such as localising the checkout by region, routing transactions intelligently or having failover logic to recover more transactions without needing any further developer involvement. Merchants can also connect with BI tools, fraud providers, invoicing, and tax tools. Sharing his thoughts, Federico Wengi, Partner at Paua Ventures, said, “As the online payments tech-stack get more sophisticated with new local payment methods, BNPL solutions (buy now pay later) and e-wallets, companies look for solutions to simplify and coordinate online payments. Inai taps into this large opportunity by offering a no-code software solution to simplify online payments once and for all. The experienced founding team has convinced us.” 

Follow Startup Story