Phi Commerce raises USD10 million Series A1 for international growth
BEENEXT led the round, with participation from Opus Ventures.
Phi Commerce announced USD10 million in Series A1 funding on November 28, 2023. BEENEXT led the investment, and Opus Ventures also participated.
The company planned to expand internationally and develop additional digital payment products. Its PayPhi platform brings together payments across websites, mobile applications, physical stores and doorstep transactions for businesses, banks and payment networks.
The capital supports a wider product rollout as Phi Commerce takes its payment technology into additional markets. Its approach combines payment processing with services that help businesses manage complex transactions across different customer touchpoints.
Use of funds
International expansion
Develop payment products