Backspace Tech, a Chennai-based fintech start-up has raised $4,50,000 from strategic investors including Mohan K and Jai Kumar, founders of Ippopay (Fintech), Omar Bin Brek, founder of UAE-based Foloosi along with M2P Founders and other angel Investors. 

The fresh round of funds will be used to strengthen the technology stack, team expansion, and for its go-to-market strategy.

Company: Backspace Tech

Raised: $450k

Round:

Funding Month: July 2022

Lead Investors: Mohan K and Jai Kumar, Omar Bin Brek,

Additional Investors: M2P Fintech founders

Company Website: https://backspace-tech.com/

Software Category: Chargeback management solutions

About the Company: Founded by Praveen Krishna Dev, Vishwanath Vijayan, and Karthick Sivaram V, Backspace Tech offers SaaS products for financial institutions to solve disputes and chargebacks on UPI & Card Payments. Fintech Startup working towards bringing an easier way of Banking products into the SaaS market. Backspace Tech's first product for Chargeback and Disputes Management could help Financial Institutes like Banks and Acquirers handle any volume. Backspace Tech platform is set up with a major framework pre-designed and provides business users configurable rules for case management. Easiest and fastest application development from Customizing to implementation with low cost on maintenance. 

Source: https://www.thehindu.com/news/national/tamil-nadu/start-up-backspace-tech-raises-r450000-funding/article65663028.ece