A Bangalore-based fintech startup has raised $100 million in Series C funding round, led by prominent international venture capital firms. This brings the company's total funding to $180 million.

The startup, which provides digital payment solutions to small and medium businesses, plans to use the funds for expansion into new markets and product development. The company has seen 300% growth in the past year.

Investors expressed confidence in the company's business model and growth trajectory. The startup aims to achieve profitability by next year and is considering an IPO in the near future. The company currently serves over 5 million merchants across India.