Connecting the dots in FinTech...’s Post

Payment solutions startup PayGlocal Technologies has raised $12 million in a Series B funding round led by Tiger Global Management, with participation from Sequoia Capital India and BEENEXT. This is the startup's second fundraise in the last six months. In December 2021, the fintech company had raised $4.9 million in a Series A funding round led by Sequoia Capital, along with investors including BEENEXT, Jitendra Gupta, and Amrish Rau. In a special resolution passed by the company’s board, PayGlocal allotted 16,510 Series B compulsory cumulative preference shares at an issue price of Rs 56,315.73 per share to raise $12 million (Rs 93 crore). While Tiger Global pumped $6 million (Rs 46.3 crore), Sequoia and BEENEXT infused $4.28 million (Rs 33.01 crore) and $1.11 million (Rs 8.56 crore), respectively. QED Innovation along with angel investors—Amrish Rau, Sweta Rau, Jitendra Gupta, and Ruby Jain— collectively invested $0.6 million (Rs 5.1 crore). Read the full YourStory Media article written by Naina Sood through the link in the comments below👇. #donedeal #funding #fundinground #seriesb #paytech #payments #paymentservices #financialtechnology #financialservices