Catenaa, Tuesday, November 26, 2024 – The Chennai-registered e-commerce platform, PeLocal, secured $2 million in its seed funding round recently, reports said.
PeLocal is a payment solutions provider on meta platforms like WhatsApp, trailblazing unlimited transactions within a wide range of areas.
The funding round was backed by Unicorn India Ventures.
The fund would be utilized to enhance the platform ecosystem and to initiate massive strategic projects in the months ahead.
Within the past 12 months, PeLocal surpassed its three million USD of monthly payment transactions.
The Funding is aimed at scaling the monthly transactions of PeLocal via WhatsApp to $10 million.
Clients like Delhi Metro and Mahanagar Gas have engaged with PeLocal for transactions done via WhatsApp, while insurance companies have applied the PeLocal system for premium payments.
WhatsApp-based marketing catalogue and small business (SMB) payment platform would be PeLocal’s upcoming roll-ups to facilitate the client base while ensuring network security.
