Mumbai fintech startup PaySense gets $18mn from PayU, others

Mumbai-based fintech startup PaySense has raised $18 million in its Series B round of funding led by Naspers-backed payments provider PayU. While PayU put in $11.5 million, the rest was invested by existing investors including Jungle Ventures and Nexus Venture Partners. Founded in 2015, PaySense offers individuals like working professionals, credit options ranging from ₹5,000 to ₹2 lakh.