Credit card-as-a-service startup Hyperface raised $9 million in seed fund led by 3one4Capital where existing investors Global Founders Capital and Better Capital with news investors Flipkart Ventures, Groww and Rebalance Angel Community also participated.
Hyperface is a Stripe-style platform that enables a simplified but end-to-end payment system for credit cards and pay later services on any digital platform, ensuring quick implementation and hassle-free operations. The funds will be used by the credit card infrastructure provider to improve its credit embedding feature and to build a strong team. From an 18-person team in October 2021, the startup now employs more than 30 people. It intends to double down on the team while also investing in product innovation and business development.