# PayGlocal Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payglocal-technologies-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.payglocal.in
- Total disclosed funding: $17M
- Latest round: Series B (Jun 25, 2022)
- Investors on record: 5

## About

Founded in 2021 by Prachi Dharani, Rohit Sukhija and Yogesh Lokhande, and based in Bengaluru, India, PayGlocal Technologies Private Limited operates as a FinTech company, that enables merchants to accept foreign credit, debit cards, and multiple foreign currencies as payment. In November 2021, PayGlocal Technologies Private Limited raised seed funding led by new investor Sequoia Capital, with participation from another new investor BEENEXT. The company currently has 28 employees.

PayGlocal enables merchants to accept payments from global customers by offering end to end payment processing, risk management and a global stack for accepting payments. It allows merchants to check details related to their transactions, download reports, and reconcile their payments received from PayGlocal. The company's fraud prevention capabilities and chargeback protection enable merchants to accept only legitimate payments, filtering out suspicious transactions and blocking the fraudulent ones.

PayGlocal Technologies Private Limited will use the funding to grow the merchant and partner ecosystem, scale up the product and expand the team size by 50% by March 2022.

## Funding rounds

- Series B, Jun 25, 2022, $12M — Hong Shan, Tiger Global Management, BEENEXT, QED Innovation Labs
- Series A, Jul 30, 2021, $4.3M — Hong Shan, BEENEXT
- Seed, Apr 27, 2021, $0.6M — Sprout Venture Partners

## Investors

- Sprout Venture Partners (https://capitalatlas.ai/funds/sprout-venture-partners) — Seed
- Hong Shan — Series A, Series B
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- QED Innovation Labs — Series B