Financial transactions involving individuals, businesses, or financial institutions who are located in different countries are called cross-border payments. International wire transfers, payments for goods and services, remittances and other forms are examples of cross-border payment. This is a rapidly evolving landscape that offers cost–efficiency, speed and streamlined payment.
BRISKPE is emerging as a frontrunner in the field of innovative fintech companies. The fintech startup aims to simplify cross-border transactions for SMBs. They are committed to customer satisfaction which is the key to their quick success.
Founding Story
BRISKPE envisions revolutionising cross-border payments while simultaneously delivering comprehensive solutions. This up-and-coming fintech company was founded in 2023 to bridge the gap between domestic and international trade. With this, the fintech startup eventually want to empower local businesses by providing them with innovative solutions. The platform enables them to streamline the traditional process of banking and nudge the business to strive globally.
Founders
BRISKPE, the fintech startup, is the result of joint efforts taken by Indunath Chaudhary who is the Chief Operating Officer, Sanjay Tripathi serving as Chief Executive Officer and Nilesh Pathak serving as Chief Product & Technology Officer. They have a collective experience of almost 70+ years dealing with India’s top brands. They form a dynamic team dedicated to pushing boundaries and developing innovative solutions.
Funding
The disruptive trio successfully raised a significant investment of $5 million from PayU. It is a leading player in the fintech space. This investment reflects the viability of BRISKPE. Vijay Agicha, Chief Investment Officer at PayU, talked about the symbiotic partnership and alignment of BRISKPEs and their payment strategy. The CIO seemed impressed by the management team’s expertise and showed excitement to participate actively in future.
USPs and Competition
The key differentiators that help the company stand apart from other fintech firms are the seamless blend of technological innovations, regulatory advice and dedication towards empowering the Indian MSMEs. The cross-border payment service is tailored to the specific needs of businesses operating in diverse industries. Furthermore, they believe in transparency which leaves no room for doubt for the customers and they can trust the company without sweating.
Future
BRISKPE is all set to face the market giants in the cross-border payment space. They are committed to offering top-notch management team expertise in digital-first business models and banking systems. The company is bracing itself for rapid expansion and ever-evolving innovation. They plan to utilise the funds acquired to enhance the technological infrastructure. They want to build a larger global footprint while on boarding a talented team. Additionally, they’ll be looking to build strategic partnerships with financial institutions, E-commerce platforms, and banks. They will also spend the sum on creating new product offerings. In all, BRISKPE will strategically capitalize on the funds to aim long-term.
Wrap Up
In conclusion, the Mumbai-based fintech startup is showing commitment to the future. Their journey from idea to execution is proof of strong vision, innovation and collaboration. The startup’s unwavering commitment to nudge the local business towards global dominance is a testament to excellence. BRISKPE is set to disrupt the cross–border payment landscape.
