PeLocal, a Chennai-based payment solutions provider on WhatsApp, has successfully raised $2 million in seed funding, led by Unicorn India Ventures. This funding will be used to enhance and expand the platform, as well as to accelerate go-to-market strategies for the rollout of large-scale projects.
Over the past year, PeLocal has experienced significant growth, increasing its monthly payment transactions from 5 lakh to 30 lakh. The company is now targeting 1 crore monthly payment transactions on WhatsApp within the next year. As part of its expansion, PeLocal plans to launch a Marketing Catalogue and an SMB payments platform on WhatsApp, further extending its reach to small and medium businesses.
Founded in 2021 by Vivekanand Tripathi (Founder & CEO), PeLocal offers seamless payment transactions for major clients such as Delhi Metro, Indraprastha Gas, and Mahanagar Gas. The company continues to innovate and streamline digital payment solutions on WhatsApp, positioning itself as a key player in the evolving digital payments ecosystem.
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