inai, a Fintech software-as-a-service (SaaS) startup, raised around $4 million in a Seed round led by Berlin-based Paua Ventures and early-stage accelerator VC fund 9Unicorns.
Uncommon Capital, Soma Capital, Anarko ventures, Better Capital, and Gemba Capital, along with angel investors Sriram Krishnan, Lenny Rachitsky, Matt Robinson, Louis Beryl, Charlie Delingpole, Naren Shaam, and Kunal Shah also participated in the round.
The company will utilize the fresh capital to strengthen its technology team, expand its product portfolio, and build out its sales and marketing.
Company: Inai Technologies Co.
Round: Seed Round
Funding Month: September 2021
Lead Investors: Paua Ventures and 9Unicorns
Additional Investors: Uncommon Capital, Soma Capital, Anarko ventures, Better Capital, Gemba Capital, Sriram Krishnan, Lenny Rachitsky, Matt Robinson, Louis Beryl, Charlie Delingpole, Naren Shaam, and Kunal Shah
Company Website: https://www.inai.io/
Software Category: Multi-payment service
About the Company: Founded by serial entrepreneurs Anantharaman Pattabiraman and Karthik Narayanan in May this year, inai is a segment for payments: inai is a no/low code platform that connects with multiple payment methods and payment gateways/processors in one simple integration. inai allows merchants to manage checkout, payments, subscriptions, refunds, cancellations, chargebacks across the globe along with the ability to orchestrate any business logic such as localizing 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.