Vegapay offers a hyper-configurable card management system that integrates prepaid, credit, and forex card services with UPI, enabling rapid deployment of banking products. The platform addresses the lengthy go-to-market timelines in fintech by providing over 100 pre-integrated services for loan origination, management, and collections, allowing businesses to launch in weeks instead of years.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking product development and deployment are slow, complex, and require extensive integration efforts, leading to lengthy go-to-market timelines for new financial products. Existing systems often lack the flexibility to rapidly adapt to changing market demands and integrate with modern payment methods like UPI.
Solution
Vegapay offers a hyper-configurable card management system and lending technology platform designed to accelerate the launch of banking products. The platform provides pre-integrated services for prepaid, credit, and forex card programs, as well as loan origination, management, and collections. Vegapay's API-first, microservices-led architecture enables seamless integration with UPI and other payment rails, allowing businesses to rapidly deploy and customize financial products. The system's automation-driven approach and cloud-native infrastructure further contribute to faster go-to-market times and improved scalability.
Target Audience
Vegapay targets fintech companies, banks, and other financial institutions looking to rapidly launch and scale innovative banking products and card programs.
Features
- Hyper-configurable card management system supporting prepaid, credit, and forex cards
- Seamless integration with UPI for credit line and credit card functionality
- 100+ pre-integrated services for loan origination, management, and collections
- API-first architecture for easy integration with existing systems
- Microservices-led design for scalability and flexibility
- Cloud-native infrastructure for high availability and performance
- Automation-driven processes for streamlined operations
- Back office dashboard for program management
- Rewards and loyalty program integration
- White-label app options