Super.money, a financial service platform spun off from Flipkart, has partnered with Juspay to expand into direct-to-consumer (D2C) checkout, aiming for $100 million in annual revenue by 2026.
The new D2C checkout product, Super.money Breeze, promises merchants a one-click checkout experience. This partnership is significant for Juspay, which seeks to regain ground after payment gateways moved away from it.
Super.money aims to expand beyond Flipkart's user base and establish a standalone identity in e-commerce. The company has become a top issuer of secured credit cards in India and is focused on monetizing financial services beyond UPI payments.
Flipkart has invested $50 million in Super.money, which is now seeking an external funding round at a $1 billion valuation. Despite competition from established players, Super.money aims to triple its annual recurring revenue by 2026.