PayGlocal returns for $3.84M raise at $120M valuation
What's the deal? PayGlocal Technologies, a Bengaluru-based cross-border payments startup, is set to raise US$4.94M in a late-stage round from existing investor BEENEXT. It marks the company's first funding round in over four years.
The terms. The company's board approved issuing 5,074 compulsory convertible preference shares at US$973.6 each. The round values PayGlocal at $120 million, up 31.8% from its previous valuation of US$117.5M.
What it does. Founded in 2021 by Prachi DharaniDealroom has a profile for this one. Try Dealroom →, Rohit SukhijaDealroom has a profile for this one. Try Dealroom → and Yogesh LokhandeDealroom has a profile for this one. Try Dealroom →, PayGlocal runs RBI-authorised infrastructure that lets Indian businesses receive international payments. It sells payment gateways, multi-currency collections, export documentation, fraud prevention and settlement services to exporters, SaaS firms, D2C brands and freelancers.
Follow the money. BEENEXT first backed PayGlocal in its $12 million Series B, alongside lead investor Tiger Global and Peak XV Partners. To date, the company has raised roughly $17 million.
By the numbers. In FY25, operating revenue more than doubled to US$3.41M from US$1.66M a year earlier. Losses narrowed to US$1.9M from US$2.08M. PayGlocal has yet to file its FY26 accounts.
The signal. A returning backer writing a fresh cheque after a four-year gap, and at a higher valuation, points to renewed investor confidence in India's cross-border payments infrastructure. Peak XV Partners remains the largest external shareholder at 34.04%.
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