Fin-Tech platform PayGlocal has brought $4.9 million in a Series A funding round drove by Sequoia Capital India with participation from BeeNext, Jitendra Gupta and Amrish Rau.

The company will utilize the assets to develop the merchant and partner biological system, scale up the item and expand the team. Launched in 2021 by Prachi Dharani, Rohit Sukhija and Yogesh Lokhande. PayGlocal enables merchants to accept payments from global clients by offering start to finish payment processing, hazard management and a global stack for accepting payments.

It offers a central place for its merchants to check details related to their transactions, download reports, and accommodate their payments got from PayGlocal. Additionally, its advanced fraud counteraction capabilities and chargeback security enable merchants to accept just legitimate payments, filtering out dubious transactions and blocking the fraudulent ones.

The Bengaluru-based firm which is right now a team of 28 is aiming to increase the team size by at least half by March 2022.