PayGlocal gets $12M for cross-border payments business growth, new solutions
PayGlocal has secured $12 million in a new round of funding. The payment solutions startup will use the money to grow its cross-border payments business and introduce new payment solutions. PayGlocal, a payment solutions firm, has secured $12 million in a fresh round of investment led by Tiger Global and Sequoia Capital India. The round was also attended by BeeNext and angel investors such as Pine Labs CEO Amrish Rau, Citrus Pay and Jupiter founder Jitendra Gupta, and Cred's founder Kunal Shah. PayGlocal, founded in 2021 by payment industry experts PrachiDharani, Rohit Sukhija, Yogesh Lokhande, and Ruby Jain, lets retailers to accept cross-border payments in their preferred currency, using their cards or non-card payment solutions. According to the startup, it has over 100 merchants on its platform and has secured approximately $17 million in investment so far. PayGlocal's Dharani said within 14 months of launch, the company has seen remarkable growth. Dharan...