Arthashastra Fintech Private Limited

Based in Mumbai, India, and founded in 2015, Arthashastra Fintech, trading under the name of ePayLater, operates as a provider of a mobile payment platform that allows users to pay using interest-free digital credit payable within 14 days from purchase of items or travel bookings. The company was founded by Akshat Saxena, Aurko Bhattacharya, and Uday Somayajula. In September 2021, Arthashastra Fintech raised USD 10 million in Series B funding from responsAbility, Pravega Ventures, and Blue Ashva Capital. Arthashastra Fintech offers digital cards and BNPL (buy now pay later) for consumers and lending businesses.

The company's line of products includes instant credit, quick checkout, secure payment, and discount coupons. The company gives users a free credit period of shopping to its partner merchants for 14 days. Arthashastra Fintech also provides a benefit to buyers and sellers that helps them to manage their business purchase requirements without using savings account balances and getting more customers and increase their sales. The company generates revenue through a subscription of 0% interest rate up to 14 days and 3% per month in case of delay.

The credit limit is up to INR 2. 5 million. (25 lakhs). Arthashastra Fintech plans to use its Series B funding raised in September 2021 to expand its reach across more retailers and enhance its product offerings.