Fintech startup Juspay, backed by SoftBank and Accel, announced its first-ever net profit of ₹62 crore in FY25, a remarkable turnaround from a net loss of ₹97 crore in FY24. The Bengaluru-based company reported a 61% increase in net revenue, rising to ₹514 crore, driven by significant growth in transaction volumes and onboarding of marquee global merchants and banks.
Key Financial Highlights
- Daily transaction volumes surged from 175 million to over 300 million in FY25.
- Annualized total payment volume (TPV) jumped 150%, from $400 billion to $1 trillion.
- Adjusted EBITDA reached a positive ₹115 crore.
- Juspay’s major clients include Amazon, Flipkart, Google Pay, IndiGo, Swiggy, and Urban Company, with the company powering payments infrastructure across e-commerce, fintech, food delivery, and ride-hailing platforms.
Strategic Partnerships and Global Expansion
Juspay is deepening its global footprint with new offices in the US, Europe, APAC, and Latin America. It recently partnered with global banking giant HSBC to co-develop a full-stack payment acquiring platform, enabling scalable, reliable, and seamless merchant payments across geographies including India and other global markets.
Further enhancing its product suite, Juspay launched Hyperswitch, the world’s first open-source modular payments platform, giving merchants complete control over their payment stacks. The company is also expanding into agentic commerce—enabling contextual and AI-native purchase flows—as well as leading innovations in authentication, including biometric payments and passkeys to enhance security and user experience.
Vision and Future Plans
Co-founder and COO Sheetal Lalwani highlighted Juspay’s vision to build a global payments company from India with $1 billion in revenue, driven by innovation, operational excellence, and sustainable growth. Having achieved profitability, Juspay plans to heavily invest in technology, AI-driven workforce productivity enhancements, and expanding into large international markets. The firm is committed to transforming global digital payment experiences, simplifying cross-border commerce, and enabling businesses with reliable and transparent payment infrastructure.
About Juspay
Founded in 2012 by IIT graduates Sheetal Lalwani, Vimal Kumar, and Ramanathan R.V. (who exited in 2019), it offers a payments orchestration layer that routes transactions to payment aggregators ensuring minimal failure rates. Serving over 500 global enterprises, Juspay supports 300 million daily transactions and powers multiple UPI-enabled third-party applications like Google Pay and Super.money. It also has a team in Brazil investigating interoperability between India’s UPI and Brazil’s Pix network, reflecting its global ambitions.
Conclusion
Juspay’s FY25 financial performance and strategic partnerships underscore its rise as a fintech powerhouse driving the next phase of digital commerce worldwide. By combining cutting-edge technology, scalable payments infrastructure, and international market reach, Juspay is redefining the future of payments from India to the world—a credible unicorn story with transformational potential for businesses and consumers alike.
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