Startup Profile

Jupiter

Legal entity: Amica Financial Technologies Private Limited

A digital-first neobank for India built on bank partnerships

FinTechSeries D+Fintech (Payments)· Bengaluru, Karnataka· Est. 2019Website ↗

Jupiter is an Indian neobank that offers digital-first banking, payments, credit cards, lending and investment products through partnerships with regulated banks rather than holding its own banking licence. It operates under parent company Amica Financial Technologies and partners with banks such as Federal Bank and CSB Bank, with debit cards, savings accounts and deposits issued by those partners

Funding raised

₹2900.00 Cr

Total disclosed

Latest valuation

₹5901.30 Cr

Most recent round

Latest revenue

₹7.10 Cr

FY FY23

Employees

—

FY FY23

Founders

Jitendra Gupta
Founder and CEO of Jupiter (Amica Financial Technologies). A serial fintech entrepreneur who co-founded Citrus Pay (acquired by PayU/Naspers in 2016), then served as managing director of PayU India and started the BNPL product LazyPay before founding Jupiter in 2019.

Funding rounds

Series C2021-12-28₹713.80 CrLed by Tiger Global
Series B2021-08-05₹373.50 CrLed by Nubank
Seed2019-11-01₹199.20 Cr

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY23	₹7.10 Cr	(₹327.00 Cr)	—
FY24 (standalone)	₹35.85 Cr	(₹275.94 Cr)	—
FY24 (consolidated)	₹51.20 Cr	(₹233.63 Cr)	—

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

2024-11FY24 revenue surges, losses narrow — FY24 operating revenue grows sharply (standalone about Rs 35.85 crore; consolidated about Rs 51.2 crore) while net loss narrows from about Rs 327 crore in FY23; the NBFC arm turns a small standalone profit.
2024-09-23Talks to acquire stake in SBM Bank India — Jupiter reported to be in talks to buy a stake in SBM Bank India, subject to RBI approval, deepening its move toward direct banking infrastructure.
2021-12-28$86M Series C at $711M valuation — Raises $86 million Series C led by Tiger Global, Sequoia and QED Investors at a valuation of about $711 million.
2021-08-05$45M Series B co-led by Nubank — Raises $45 million Series B co-led by Brazil's Nubank, Global Founders Capital, Sequoia and Matrix at a valuation above $300 million, ahead of public launch.
2019-11$24M seed round — Raises a $24 million seed round from Sequoia, Matrix Partners, Beenext, 3one4 Capital and Tanglin Venture Partners.
2019Jupiter founded — Jitendra Gupta founds Jupiter (parent: Amica Financial Technologies) as a digital-first neobank for Indian consumers.

Data sources

seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
DPIIT (Startup India)↗ · last fetched 2026-05-28
Wikidata↗ · last fetched 2026-05-28
favicon↗ · last fetched 2026-05-31
TechCrunch (Series B)↗ · last fetched 2026-06-01
TechCrunch (SBM Bank stake)↗ · last fetched 2026-06-01
Entrackr (FY24 consolidated financials)↗ · last fetched 2026-06-01
Inc42 (founder feature / FY24 standalone financials)↗ · last fetched 2026-06-01
TechStory (Series C $86M at $711M valuation)↗ · last fetched 2026-06-01
Jupiter official About Us page↗ · last fetched 2026-06-01