PeLocal, a Mumbai, India-based payment solutions provider within Whatsapp, raised $2M in Seed funding.
The round was led by Unicorn India Ventures.
The company intends to use the funds to expand and enhance the platform and accelerate go-to-market strategies for rolling out large-scale projects.
Founded in 2021 by CEO Vivekanand Tripathi, PeLocal empowers secure, end to end solutions leveraging communication channels. The company has been at the forefront of promoting payment platforms on Meta, pioneering the integration of WhatsApp for transactions for clients like Delhi Metro, Indraprastha Gas, Mahanagar Gas. It is also used by multiple insurance companies for handling premium payments.
In the last 12 months, PeLocal has grown from 500K monthly payments transactions to 3M monthly payment transactions. The company aims to touch 10M monthly payments transactions on WhatsApp in the next 12 months. PeLocal will also be launching a Marketing Catalogue on WhatsApp with Payments and SMB payments platform on WhatsApp.
FinSMEs
19/11/2024