“Can a PA-CB licensed Indian fintech become the default cross-border payments rail for India's MSMEs, freelancers, and the platforms that serve them?”
Founded 2023 by former bankers to simplify cross-border payments for India's MSMEs and freelancers. Originally operated under RBI's OPGSP framework via YES Bank partnership; secured PA-CB in-principle authorisation in 2025 and final RBI PA-CB authorisation for both inward and outward cross-border categories. Launched XPI (white-label cross-border payments infrastructure) in October 2025, expanding from direct MSME offering to also serve platforms via API/embedded model.
Briskpe discloses YES Bank (AD-1 / OPGSP partner) as its banking provider, with YES Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Briskpe does not disclose a bank charter of its own; its banking services are provided through YES Bank.
Briskpe processes payments through PayU (card collections), PayPal (wallet collections) and BRISKPE PA-CB (self-operated).
Briskpe uses Currencycloud and YES Bank (AD-1) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 6 layers in Briskpe's stack: Payments / PSP (PayU (card collections), PayPal (wallet collections) and BRISKPE PA-CB (self-operated)); Banking / BaaS (YES Bank (AD-1 / OPGSP partner)); Lending (Export Factoring); Unified APIs (Currencycloud); Sponsor bank (YES Bank); FX & payouts (Currencycloud and YES Bank (AD-1)).
Briskpe was founded by Sanjay Tripathy, Indunath Chaudhary and Nilesh Pathak and is founded in 2023, headquartered in Mumbai, India.
Briskpe has raised $5M in total (latest round: Seed, 2024).
Get a read on where your own stack stands against Briskpe and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.