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EximPe secures RBI PA-CB in-principle licence

EntrackrEntrackr · 7m ago
EximPe secures RBI PA-CB in-principle licence
Medial

Snippets EximPe secures RBI PA-CB in-principle licence EximPe, a cross-border payment startup, has secured the Reserve Bank of India’s (RBI) Payment Aggregator Cross-Border (PA-CB) In-Principle licence (export and import). According to EximPe, this makes the company one of the first to receive this new regulatory authorization without any existing payments licences. With this licence, it plans to enable compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets. The PA-CB licence will significantly enhance the company’s ability to facilitate seamless cross-border payments and simplify compliance for businesses engaged in international trade. The licence will enable the startup to transition from a technology platform enabling cross border payments to being able to provide a fully regulated cross border infra play. Founded in 2021 by Arjun Zacharia, EximPe is an all-in-one platform that provides real time rate booking, compliance, and trade documentation for businesses. The company serves a range of businesses who trade or sell services globally. The Mumbai-based company had previously raised $3.5 million in Series A round from Leo Capital and others. “With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India-Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026,” said Arjun Zacharia, CEO and founder of EximPe. The platform claims to have already processed over $450 million in transactions and serves more than 5,000 SMEs, manufacturers, and service providers. It aims to further strengthen its position as a leading cross-border payment infrastructure provider by expanding its capabilities with this new licence.

Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL

EntrackrEntrackr · 1m ago
Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL
Medial

Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL Cross-border supply chain enablement company Hexalog has raised $4 million in a seed funding round led by ENRISSION INDIA CAPITAL along with participation from Mount Judi Ventures, Action Tesa Family Office, Bajaj Ventures, Nandan Growth Fund and other angel investors like Saurabh Deep Singla, Sumit Jalan, Amit Tyagi & Nitin Sethi. The fresh funds will be deployed towards strengthening its technology capabilities, with a focus on building a scalable, reliable, and data-driven orchestration layer for cross-border logistics, Hexalog said in a press release. Co-founded in February 2024 by Dibyanshu Tripathi, Utkarsh Tripathi, Vineet Malik and Shobhit Singh, Hexalog is an AI-led 4PL full stack orchestrator company specializing in end-to-end cross-border trade solutions. The startup’s AI-driven orchestration layer turns cross-border logistics from a fragmented, reactive process into a predictable, coordinated execution workflow. According to the Gurugram-based startup, it orchestrates the entire cross-border logistics lifecycle from order confirmation and documentation readiness to customs clearance, line haul, and final delivery ensuring continuity across every step. Hexalog focuses on digitising and orchestrating the end-to-end cross-border supply chain. By combining technology, data intelligence, and deep domain expertise, the company delivers integrated, transparent, and reliable logistics solutions for global trade. Hexalog plans to accelerate its go-to-market efforts across key international trade corridors, particularly the Middle East and Southeast Asia. The expansion is aimed at addressing the growing demand for predictable and transparent logistics solutions in global trade. It competes with the other notable players in this space such as Flexport, e2open, and others. The company has operations across over 80 countries and covers more than 29,000 Indian pincodes.

EximPe gets final PA-CB licence to process UPI cross-border payments

EntrackrEntrackr · 16d ago
EximPe gets final PA-CB licence to process UPI cross-border payments
Medial

EximPe, a cross-border payment startup, has received final authorisation from the Reserve Bank of India for the Payment Aggregator Cross Border (PA-CB) licence. The approval allows EximPe to enable global merchants to collect payments from Indian customers through UPI and other local payment methods, with settlements into offshore accounts. With the PA-CB licence, EximPe can allow international merchants and payment platforms to collect via UPI, cards, wallets, net banking, and bank transfers from India without setting up a local Indian entity. The company said this will help improve payment success rates and reduce friction for cross-border collections. Prior to receiving the licence, EximPe operated as a technology service provider to banking partners and has facilitated over $500 million in bank-led cross-border trade payments across Asia corridors. The company has now transitioned to operating directly as a cross-border payment aggregator under the RBI framework. According to EximPe, it aims to process $1 billion in annualised UPI-led cross-border transactions over the next 24 months. Founded by Arjun Zacharia, EximPe operates across corridors such as India–China, India–Hong Kong, India–Singapore, and India–ASEAN, and focuses on enabling compliant, UPI-led cross-border payment infrastructure for global businesses. EximPe has raised $3.5 million in seed funding led by Leo Capital, with participation from Beta Lab, RB Investments, along with several angel investors. In recent months, RBI approved online, offline and cross border payment aggregation for around half a dozen companies. These include Razorpay POS, Paytm, Razorpay, Easebuzz, PayU, Pine Labs and Airpay. With these clearances, the firms are authorised to offer a full stack of payment aggregator services across ecommerce transactions, in store merchant payments and cross border payment flows.

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