Funding · Financial Services

PayGlocal raises Rs 36.38 crore from existing investor BEENEXT

By Startup Enthusiast · 7 August 2026

What they do

PayGlocal provides RBI-authorised cross-border payment infrastructure for Indian businesses to accept international payments

It raised Rs 36.38 crore ($3.84 million) from existing investor BEENEXT, its first funding in over four years

The round values the company at Rs 1,140 crore ($120 million), a 31.8% increase from its previous valuation

PayGlocal is raising Rs 36.38 crore ($3.84 million) from existing investor BEENEXT.
This is the company's first funding round in over four years.
The board passed a special resolution to issue 5,074 CCPS (compulsorily convertible preference shares) at Rs 71,693.02 per share to BEENEXT.
The $12 million Series B round led by Tiger Global was in 2022.
The round values PayGlocal at Rs 1,140 crore ($120 million), a 31.8% increase from its previous valuation of Rs 865 crore.
Post-allotment, Peak XV (formerly Sequoia Capital India) remains the largest external shareholder at 34.04%.
BEENEXT's stake will be 6.14%, and Tiger Global's stake will be 5.21%.

The company's FY25 operating revenue more than doubled to Rs 25.11 crore from Rs 12.20 crore in FY24.
Its losses narrowed to Rs 14 crore in FY25 from Rs 15.31 crore in FY24.
The valuation increase reflects growing investor confidence in India's cross-border payment market.

PayGlocal provides RBI-authorised cross-border payment infrastructure for Indian businesses to accept international payments.
Its products include a payment gateway, multi-currency collection, export documentation, fraud prevention, and settlement solutions.
Customers include exporters, SaaS firms, D2C brands, marketplaces, and freelancers.
It offers local accounts in USD, GBP, EUR, CAD, and AUD for freelancers, and collects payments from platforms like Upwork, Fiverr, and Toptal.
The international payment gateway supports 130+ currencies, 40+ alternative payment methods, and reaches 180+ countries with a success rate of up to 96%.
It supports Apple Pay and Google Pay, reaching over 2 billion combined users with a 95%+ authorisation rate.
The company is headquartered in Bengaluru.