CheqUPI Secures $500k From Y Combinator, Others

CheqUPI on Wednesday said it has raised USD 5,00,000 from Y Combinator Accelerator and secured a spot in its program for the Summer 2023 round. Founded in 2021 by Sudhanshu Shekhar and Manish Shukla, CheqUPI is a UPI wallet for foreign nationals and travelers.

With approximately 55 million merchants accepting UPI and nearly a billion transactions per month, UPI has transformed the payment landscape in India.