Fintech startup Backspace Tech raises $450 K in pre-seed funding
- ByStartupStory | July 22, 2022
Backspace Tech, a fintech business situated in Chennai, has raised $450K in a pre-seed fundraising round from influential investors including M2P founders, Omar Bin Brek, Mohan K and Jai Kumar (founders of IppoPay). The money raised will be used to go to market, expand the team, and strengthen the technology stack.
Praveen Krishna Dev, the co-founder of Backspace Tech stated, “Rewrite history, invent something new. Backspace Tech was founded in this manner. You have to fantasise about something before you can make it happen. However, fantasising in isolation won’t help you achieve your goals; you need to surround yourself with individuals who share your values. Care must be taken because a co-connection founder is more delicate than one with a life partner. We are more than just founders and friends; we have been a chosen family for three decades.”
Mohan K, co-founder of IppoPay stated, “Having worked in the fintech sector for a long time, namely in the payments sector, I am well aware of the enormous gap between UPI and card dispute management. Backspace Tech is precisely addressing the pain point on chargebacks and disputes through technology, which made me eager to go with Backspace Tech’s startup adventure.”
About Backspace Tech
Backspace Tech is a fintech business that creates SaaS applications for financial institutions to resolve disputes and chargebacks on UPI and card payments. It was founded by Praveen Krishna Dev, Vishwanath Vijayan, and Karthick Sivaram V. Their plan is to rethink the financial backend system and provide banking as a service on a global scale.
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