Payments startup Phi Commerce raises $4 million in Series A round led by BEENEXT The company will utilise the funds to bolster its product offering, expand in existing markets and enter new geographies. TechSamvad January 08, 2021 18:53:33 IST PayPhi logo
Pune-based digital payments firm Phi Commerce has raised $4 million in a Series A funding round led by Singapore-based venture capital firm BEENEXT. Yatra Angel Network (YAN) also participated in the round. Founded in 2015, Phi Commerce has created PayPhi, a payment processing platform which processes digital payments at doorstep, online and in-store across a variety of form factors such as cards, internet banking, UPI, Aadhaar, BharatQR, wallets, NEFT, RTGS, and NACH.