Series A · Fintech
Phi Commerce raises USD4 million Series A led by BEENEXT
The PayPhi developer will broaden its payment products and enter new markets.
Phi Commerce raised USD4 million in a Series A round led by BEENEXT, the company announced on January 7, 2021. Yatra Angel Network also participated.
The Pune company develops PayPhi, a payment platform that connects online, mobile, in-store and doorstep transactions. It serves businesses, banks, payment networks and processors through a shared technology platform.
Phi Commerce planned to use the funding to develop its product offering, strengthen its position in existing markets and expand into new geographies.
Use of funds
Product innovation
Expand existing markets
Enter new geographies
Funding history
Series A · This round$4M