PayGlocal raises USD 12 mln

Monday 20 June 2022 12:40 CET | News

India-based startup PayGlocal has secured USD 12 million in funding to enable merchants to accept cross-border payments in their preferred currency.

The company has over 100 merchants on its platform and has raised nearly USD 17 million in funding so far. The startup will use the funds raised in this round to scale its business and launch new payment solutions.

Company representatives have observed growth within 14 months of launch and stated that merchant clients are happy with their solution due to the increase in international payments success rate and a reduction in the risk associated with the processing of cross-border transactions.

Indian merchants are engaged in over USD 400 billion of exports every year. Accepting international cards is important for their business. PayGlocal aims to create high success rates and fraud prevention for such cross-border transactions, according to the press release.

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Keywords: merchant, startup, cross-border payments, funding, fraud prevention
Categories: Payments & Commerce
Companies: PayGlocal
Countries: India
This article is part of category

Payments & Commerce


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