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Kae Capital, along with Mumbai Angels and Growx Venture Management have made an investment amounting under $1 Mn in Bangalore-based e-payment processing solutions startup FortunePay.

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According to the company, the funds would be used for platform certification and product deployment.

Founded in 2011 by Murthy and Shashidhar P, the company provides e-platform services to merchants and banks. Previously, Murthy co-founded WDC Solutions and has also worked as a payments consultant in the US and in India. Whereas, Sashidhar was AVP (engineering) at A Little World Pvt Ltd.

Its offerings include:

It competes with other payments solutions startups including Innoviti Embedded Solution and Ezetap Mobile Solutions Pvt Ltd., which has recently acquired loyalty platform Clicknow

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