Fintech startup ePayLater has brought $10 million up in a new round drove by a grip of investors, for example, Zurich-based Responsability Investments AG, Blue Ashva Capital, Pravega Ventures and others.

According to an ET report, the Mumbai-based firm will utilize the returns to expand its presence across more retailers and upgrade its item offerings.

Established by Aurko Bhattacharya, Uday Somayajula, Akshat Saxena, Prasannaa Muralidharan and Shanmu Thiagaraja, ePayLater is a computerized payment arrangements supplier to retailers across physical and advanced deals as well as private ventures to purchase inventory across item categories. Its platform permits private companies to profit 14-day interest free credit to secure inventory from venders.

ePayLater practices as a pay later firm for private ventures and gives zero-cost credit to Small and Medium Enterprises (SMEs) the nation over and cases to have dispensed over Rs 1,000 crore in facilitating inventory purchases.

Prior in Feb 2021, ePayLater had brought Rs 18 crore up in a round drove by Pravega Ventures and internal investors.