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Payments firm Ezetap raises $16 million

Ezetap's platform allows merchants to accept digital payments from physical cards, wallets

Jonathan Soros, chief executive officer,  JS Capital Management
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Jonathan Soros, chief executive officer, JS Capital Management

Ranju Sarkar New Delhi
Payments solution firm Ezetap has raised $16 million in a new funding round, led by JS Capital Management, the venture fund of Jonathan Soros. Existing investors — Social Capital and Li Ka-shing’s Horizons Ventures — also participated in this round and increased their stake in the firm.
 
Ezetap’s platform allows merchants to accept digital payments from physical cards, wallets or one-click payments in applications via India’s new UPI (Unified Payment Interface) system and any device or interface including biometric, SMS and digital QR code.
 
Its software can integrate with a customer’s delivery app, making it popular with logistics