PeLocal, a payment solutions provider integrated with WhatsApp, has raised $2 million in seed funding led by Unicorn India Ventures. This investment will help the company enhance its platform, accelerate large-scale project rollouts, and expand its market reach.
Founded in 2021 by Vivekanand Tripathi, PeLocal focuses on advancing digital transactions for clients such as Delhi Metro, Indraprastha Gas, and Mahanagar Gas. The company specializes in transit ticketing, utility payments, and financial services, offering secure solutions for both government and private sectors.
In the past year, PeLocal has grown significantly, increasing its monthly payment transactions from 500,000 to 3 million. Looking ahead, the company aims to reach 10 million monthly transactions within the next year. Additionally, PeLocal plans to introduce a Marketing Catalogue and a small and medium-sized business payments platform on WhatsApp.
Tripathi expressed enthusiasm for the partnership with Unicorn India Ventures, emphasizing the importance of the funding in driving growth and scaling operations. Anil Joshi, Managing Partner at Unicorn India Ventures, highlighted the immense potential of India’s fintech market and commended PeLocal’s innovative solutions and rapid growth, noting its strong position to capitalize on emerging
