Introduction: ToneTag’s Massive $78 Million Funding to Transform Digital Payments In a major boost for India’s fintech scene, ToneTag, a digital payments startup, has raised a whopping $78
In a major boost for India’s fintech scene, ToneTag, a digital payments startup, has raised a whopping $78 million (around Rs 674 crore) in its latest Series B2 funding round. This marks the company’s first fresh capital infusion in almost seven years—and it’s already making waves. With investors like ValueQuest S.C.A.L.E. Fund, Iron Pillar, and Elevate Inflection Capital LLC backing them, ToneTag is now poised to take on global markets and change the way we experience payments.
But what makes ToneTag so special? Let’s dive into the exciting developments, its unique technology, and why this funding is a game-changer.
Founded by Kumar Abhishek, ToneTag is not just another digital payments company. It’s a pioneer in voice-powered commerce and a game-changer in the world of digital transactions. The company offers solutions for voice-based shopping, ordering, and payment across retail and food & beverage (F&B) industries. Its flagship platform, Oyeti, integrates voice-enabled shopping, and ordering features, allowing businesses to simplify transactions through sound.
One of ToneTag’s standout innovations is its VoiceSe UPI service, which allows users to perform voice-based transactions, even when they are offline. Imagine making secure payments simply by speaking to your device—and that’s exactly what ToneTag has made possible through its patented soundwave technology.
What’s even more impressive? ToneTag processes over 30 million interactions daily. That’s millions of voice transactions happening seamlessly through its platform, thanks to its revolutionary soundwave tech. And it’s not just small businesses—ToneTag is trusted by some of the biggest names in finance and tech, including State Bank of India (SBI), ICICI Bank, Amazon, and Google.
Kumar Abhishek, the Founder and CEO of ToneTag, has been leading the charge in revolutionizing digital payments. Abhishek’s vision was simple yet ambitious: to make transactions as easy as speaking into your phone. With a keen eye for innovation, he created a platform that combines cutting-edge soundwave technology with seamless user experience, making ToneTag stand out in the crowded fintech space.
“This funding round underscores the trust our investors place in our vision and technological capabilities,” said Kumar Abhishek, speaking about the recent success. “With this support, we are poised to redefine consumer experiences and drive global expansion.”
ToneTag’s innovation is all about using sound waves to enable transactions. It works like this: ToneTag’s patented technology converts sound waves into secure, encrypted data, which allows users to make payments through voice interactions.
For businesses, it means no more complex infrastructure for handling payments. For customers, it’s as easy as simply speaking the transaction details. The technology works with existing hardware, so businesses can integrate it without having to overhaul their systems completely.
The VoiceSe UPI service is a breakthrough feature, enabling UPI (Unified Payments Interface) transactions with just a voice command. Even if you don’t have an internet connection, ToneTag’s technology ensures that transactions are still completed successfully.
With over 30 million daily interactions, ToneTag has already proven that its technology can handle massive scale—and now, it’s aiming for global domination.
So, what’s next for ToneTag? With this new $78 million funding, the startup is gearing up for aggressive global expansion. ToneTag’s primary goals include:
ToneTag is set to take its technology to the next level. With fresh funding in hand, it plans to upgrade its payment infrastructure to ensure even faster, more secure transactions.
While ToneTag is already a trusted player in India, its sights are firmly set on international markets. The company is eyeing regions like the Gulf Cooperation Council (GCC), Southeast Asia, and South America for expansion. In these regions, where digital payments are rapidly growing, ToneTag’s voice-enabled payment solutions could play a significant role in driving adoption.
India’s digital payment ecosystem has boomed in recent years, and ToneTag aims to ride this wave and bring voice-driven transactions to more consumers and businesses worldwide.
A big chunk of the funds will also go into further research and development (R&D). ToneTag has always been at the forefront of product innovation, and this funding will allow them to continue developing new features and improving the existing platform.
With increasing competition in the digital payments space, staying ahead of the curve is crucial, and ToneTag is investing heavily in R&D to ensure it remains a leader in voice-powered payments.
ToneTag’s ability to raise $78 million is a testament to the strength of India’s fintech sector and the potential it holds on the global stage. This funding is significant not only because of the amount raised but also because it shows that investors are excited about the future of voice-powered digital payments.
ToneTag’s soundwave-based technology is one of the first to successfully merge voice commerce with secure payment solutions. By providing a seamless experience for both businesses and consumers, the company is solving one of the most pressing challenges in digital payments—making payments faster, easier, and more secure.
Moreover, with its focus on international markets, ToneTag could play a major role in driving digital payments adoption across the globe, especially in regions that are just beginning to embrace digital finance.
ToneTag’s $78 million Series B2 funding marks the beginning of an exciting chapter for the company. With plans for global expansion, tech upgrades, and further innovation in payment solutions, ToneTag is set to revolutionize the digital payments space.
If you’re a business looking to simplify transactions or a consumer who wants an easier, voice-activated way to shop and pay, ToneTag’s technology is exactly what you’ve been waiting for.
Could ToneTag’s voice-powered payments change the way we shop and pay forever? The future of digital transactions is here—and it sounds like music to our ears.
