Super.money，沃尔玛旗下Flipkart去年分拆的金融服务平台，与支付基础设施公司Juspay达成合作，以拓展其直接面向消费者（D2C）结账业务，并目标在2026年实现1亿美元的年收入。此次合作正值Juspay在经历主要支付公司今年早些时候的反对后努力重建势头之际，该争议使其融资工作复杂化。上周，Super.money推出了其D2C结账产品Super.money Breeze，承诺为商家提供一键结账体验，旨在通过去除一次性密码和重复登录来加快在线购买速度。虽然Super.money尚未披露任何技术合作伙伴，但TechCrunch了解到Juspay正在为其最新产品提供支付基础设施支持。这一举措将帮助Super.money吸引新客户并在D2C品牌中建立知名度，扩大其业务范围并使其品牌更受在线购物者的熟悉。尽管Super.money已经受益于Flipkart的分销，但结账产品表明了其在更广泛的电子商务生态系统中建立独立身份的努力。

🌐 Super.money是沃尔玛旗下Flipkart去年分拆的金融服务平台，专注于拓展直接面向消费者（D2C）结账业务，目标在2026年实现1亿美元的年收入。

🔒 Super.money与支付基础设施公司Juspay达成合作，由Juspay为其最新推出的D2C结账产品Super.money Breeze提供支付基础设施支持，该产品承诺为商家提供一键结账体验。

📈 此举将帮助Super.money吸引新客户并在D2C品牌中建立知名度，扩大其业务范围并使其品牌更受在线购物者的熟悉，尽管其已经受益于Flipkart的分销。

🚀 Super.money的结账产品表明了其在更广泛的电子商务生态系统中建立独立身份的努力，尽管其已经受益于Flipkart的分销。

📊 Super.money目前正计划在2025年结束时的年度经常性收入约为3000万美元，目标在2026年通过增长其担保信用卡业务和个人贷款以及通过最近推出的D2C结账产品等举措将其乘以三倍。

Super.money, a financial service platform spun off last year by Walmart-owned Flipkart, has quietly partnered with payments infrastructure firm Juspay as it expands into direct-to-consumer (D2C) checkout and targets $100 million in annual revenue by 2026.

The partnership comes as Juspay works to rebuild momentum after facing pushback from major payment companies earlier this year — a dispute that complicated its fundraising efforts.

Last week, Super.money launched its D2C checkout product, Super.money Breeze, which promises merchants a one-click checkout experience and aims to speed up online purchases by removing one-time passwords and repeated logins. The company did not disclose any technology partners, but TechCrunch has learned that Juspay is powering the payments infrastructure for Super.money’s latest offering.

The move could help Super.money reach new customers and build visibility among D2C brands — expanding its presence beyond Flipkart’s existing user base and making the brand more familiar to online shoppers. While Super.money already benefits from Flipkart’s distribution, the checkout product signals an effort to establish a standalone identity in the broader e-commerce ecosystem.

The partnership is even more significant for JusPay, which has been working to regain ground with Indian merchants. The SoftBank-backed company lost a number of them after payment gateways, including Razorpay and Cashfree Payments, moved away from JusPay in January, urging merchants to adopt their in-house payment processing tools instead. The fallout affected JusPay’s fundraising efforts, with its most recent round coming in at $60 million, down from earlier expectations of around $100 million, people familiar with the matter told TechCrunch.

JusPay was once a preferred backend partner for payment aggregators, helping them reduce transaction failures through its payment routing platform. The company counts Amazon as a long-standing client and received a payment aggregator license from the Reserve Bank of India last year. But as competition intensifies in India’s digital payments space, players like Razorpay, Cashfree, and Flipkart spin-off PhonePe have begun limiting their own reliance on third-party providers, opting instead to deepen their direct relationships with merchants.

Super.money’s decision to partner with JusPay runs counter to a broader trend of payment players building and controlling their own infrastructure. But for a young fintech still expanding its reach beyond Flipkart, the move offers a shortcut to D2C integrations without having to build full-stack payment capabilities from scratch. It also signals Super.money’s intent to delve deeper into consumer transactions and increase payments through its platform.

Launched as a payment app in June 2024, more than a year after Flipkart formally separated from PhonePe, Super.money has since become one of India’s top five UPI (Unified Payments Interface) apps by transaction volume. UPI is the India’s government-backed instant payment system. The app processed over 200 million transactions per month for four consecutive months through August, per data from the National Payments Corporation of India, the federal body that manages the UPI system.

In recent months, Super.money has surpassed large private banks like Axis Bank and ICICI Bank, as well as fintech players including Amazon Pay and CRED, to climb the UPI rankings — a significant feat for a newly launched app.

Super.money has also become a top issuer of secured credit cards in India, holding a 10% market share, according to industry insights shared with TechCrunch by a person familiar with the data. These cards require customers to put down a deposit and are currently issued in partnership with Utkarsh Small Finance Bank. The company is looking to expand the business and is in talks with a private sector lender to scale distribution, a source told TechCrunch.

So far, Super.money has issued around 300,000 secured cards and is adding approximately 50,000 new cards each month, the person added.

The secured card business is central to Super.money’s monetization strategy, helping it move users from low-margin UPI payments into revenue-generating financial products. While the company doesn’t charge for UPI transactions, it uses that volume to onboard customers and cross-sell higher-yield offerings such as credit cards and consumer loans.

Unlike many other UPI-focused fintechs, Super.money has kept its burn rate low by relying on Flipkart’s distribution rather than heavy marketing. The company also operates with a lean team of around 130 to 150 people to serve its user base of over 80 million users, TechCrunch has learned.

For Flipkart, Super.money marks a renewed push into fintech after it formally spun out PhonePe in 2023. While PhonePe went on to dominate India’s UPI landscape, it now operates independently under Walmart’s broader umbrella. Super.money, by contrast, remains tightly integrated with Flipkart and appears focused on monetizing financial services directly within — and beyond — the e-commerce ecosystem.

So far, Flipkart has invested $50 million in Super.money to kick off its business, led by Prakash Sikaria, who was previously Flipkart’s chief experience officer for customer growth, marketing, ads, and new initiatives, and who also founded Shopsy. Sikaria also helped Flipkart acquire online travel company Cleartrip and led products including Flipkart Ads and Supercoins, per his LinkedIn page.

However, Super.money is looking to go beyond Flipkart and raise an external round. The firm is already in talks with bankers and is aiming to raise the round at around $1 billion valuation sometime next year, sources told TechCrunch.

Super.money is currently on track to close 2025 with around $30 million in annual recurring revenue, TechCrunch learned. The firm is aiming to more than triple that figure in 2026, largely driven by growth in its secured credit card business and personal lending, as well as through moves including the recently launched D2C checkout product.

That said, Super.money is currently in its early stages of monetization, and will likely face intensifying competition from established players like PhonePe, Google Pay, and Razorpay — all of whom are building or defending their own payments infrastructure. Its ability to convert UPI scale into sustainable revenue, especially through lending and checkout infrastructure, will determine whether it can become Flipkart’s second major fintech success — or face the same ecosystem pressure currently weighing on its partner, JusPay.

Flipkart, Sikaria, and Juspay co-founder and CEO Vimal Kumar did not respond to requests for comment.