Phi commerce in series A funding raised $ 4 million
Phi Commerce is a digital payment firm that has raised $ 4 million during a series of funding rounds.
Series A round was led by being Beenext which is a Singapore-based venture capital firm. Yatra Angel industry also participated in the round.
It is a Pune based company that currently poses 100 million monthly transactions. The company will use the funds to bolster its product offering and for the expansion of the company in the market and to enter new geographies.
Phi commerce is a new age technology company that focuses on innovating digital payments.
The company provides an API based payment. The company built A remarkable product covering end to end omnichannel payments at scale.
Shishir Gupta, Founder & CEO of StartupLanes says, “It is nice to know that Phi farm was successful in securing $4 million. By bringing innovative ideas in digital payment, they are helping India towards digitalization.
All the best and congratulations to them”