PayU-backed Vayana raises $20.5 million in Series D funding round

PayU-backed fintech Vayana today announced that it has raised $20.5 million as part of its ongoing Series D funding round led by Sumitomo Mitsui Banking Corporation’s (SMBC) Asia Rising Fund, with participation from existing investors such as the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures.

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company.