-- Santa Clara, CA – Today Swirepay has announced the successful closing of its latest seed funding round, securing $3.4 million and bringing the total amount raised to $5 million. The funding, led by ICICI Bank, Advantage Partners, and The Indus Entrepreneurs (TiE) Angels groups across Silicon Valley, Boston, and Southern California, included participation from Aum Ventures, Wharton Alumni Angels, QPaymentZ, Nivesha Ventures, Nurture Growth Fund, and additional angel investors.
The company, backed by India’s ICICI Bank and U.S.-based banking partners, offers an AI-powered platform designed to integrate payment systems with bank accounts and enterprise resource planning (ERP) tools. Swirepay’s solution supports businesses by digitizing and automating payments and reconciliation processes, enabling faster transactions and improved financial accuracy.
“Business payments are undergoing a significant transformation,” said Adithya Murali, Founder and CEO of Swirepay. “There is an increasing need for an omni-channel solution that includes reconciliation as a service. Our goal is to support banks and
financial institutions as they modernize and adapt to the evolving financial landscape.”
The latest funding will support the company’s expansion across North America and Asia, with a focus on onboarding enterprise customers and small businesses in the U.S. Swirepay also plans to enhance its AI-driven reconciliation platform by integrating with additional banks and financial institutions. The company’s technology is positioned to facilitate the adoption of instant payment methods such as FedNow, RTP, and Zelle for business transactions, while maintaining compatibility with existing systems like PayPal, Venmo and the card networks.
“TiE Angels is committed to identifying and supporting technology-driven companies with strong customer traction,” said Dr. Anand Jagannathan, Co-chair of TiE Silicon Valley Angels. “Swirepay’s team has developed a solution that is well-aligned with the ongoing advancements in payment technology.”
The company’s services streamline payment orchestration and reconciliation, reducing manual errors and accelerating transaction processing. The platform aims to enhance financial operations across industries, including real estate, where instant vendor payments are becoming increasingly important.
“Our collaboration with Swirepay is improving efficiency in real estate operations by automating vendor payments,” said Steve P. Daigle, Sr., Founder of BM4 and Punctual Abstract. “By integrating Swirepay, title agencies and underwriters can process payments instantly, enhancing service speed and accuracy.”
With strong revenue growth and an expanding customer base, Swirepay’s focus for the coming year includes strengthening financial partnerships and scaling its market presence. As businesses continue to adopt digital payment solutions, the company aims to play a role in shaping the future of financial transactions.
For more information, visit their website: www.swirepay.com
About Us: Swirepay is an all-in-one payment orchestration and reconciliation solution designed for enterprises, government agencies, and small businesses. The platform enables seamless point-of-sale and online payments, as well as transfers via dashboard or application program interfaces, supporting various methods, including card payments, ACH, wire transfers, and instant payment options like Zelle, RTP, and FedNow. Integrated directly with bank accounts and ERP systems, Swirepay streamlines reconciliation, simplifying financial tracking and reporting within a single, adaptable platform. For more information, visit their website: www.swirepay.com.
Contact Info:
Name: Ayan Gowrishankar
Email: Send Email
Organization: Swirepay
Address: 1900 Lafayette St # 245, Santa Clara, CA 95050
Website: https://www.swirepay.com/
Release ID: 89156046
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