Payment solutions provider PeLocal secures $2m seed funding

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PeLocal, an India-based payment solutions provider using WhatsApp, has raised US$2 million in seed funding led by Unicorn India Ventures.

The new funds aim to expand the platform and enhance strategies for large-scale projects.

PeLocal’s monthly transactions rose from 500,000 to 3 million over the past year.

The company targets 10 million monthly transactions on WhatsApp within the next year.

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