PayGlocal: Fintech Startup Raises $12 Million in Series B Funding
PayGlocal – bengaluru based fintech startup focusing cross-border payment solutions has raised $12 million in a new round of funding co-led by Sequoia Capital and Tiger Global.
PayGlocal was Founded in 2021 by payment industry veterans Prachi Dharani, Ruby Jain, Yogesh Lokhande and Rohit Sukhija.
BeeNext and Citrus Pay with other angel investors like Amrish Rau (CEO Pine Labs), Jitendra Gupta (Founder of Jupiter), and Kunal Shah (Founder of Cred) have also invested in the round.
PayGlocal enables merchants to accept cross-border payments in the currency of their choice, using their cards or non-card payment options. Currently having over 100 merchants on its platform, the startup has raised nearly $17 million in funding.
PayGlocal is a Bengaluru-based cross-border payments startup that aims to allocate these series B funds (around Rs 92 crore) to scale its business and launch new payment solutions.