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PayGlocal is set to raise $3.84 million in its first funding round in over four years, increasing its valuation to $120 million. The round is led by BEENEXT.

PRIVATEAug 07, 2026•3 days ago

Amount Raised

$3.84 Million

Round Type

Seed

DelhiSoftware

Investors

Sequoia Capital IndiaTiger GlobalBeenext

Description

PayGlocal, a cross-border payments startup, is raising Rs 36.38 crore ($3.84 million) from existing investor BEENEXT. This is its first funding round in more than four years. The company's valuation is expected to increase to $120 million. Founded in 2021, PayGlocal provides infrastructure for Indian businesses to accept international payments.

Company Information

Company

PayGlocal

Location

Delhi, Delhi, India

About

The company has over 100 merchants on its platform and has raised nearly $17 million in funding so far, it said. The startup will use the funds raised in this round to scale its business and launch new payment solutions. PayGlocal has successfully solved for high success rates and fraud prevention for such cross-border transactions," said Ashish Agrawal, MD, Sequoia India"The current landscape of global payments involves a highly complex system riddled with various checkpoints and verifications at multiple levels, making it burdensome and costly for both individuals and financial institutions, the company said in a statement. Founded in 2021 by payment industry veterans Prachi Dharani, Rohit Sukhija, Yogesh Lokhande and Ruby Jain, PayGlocal enables merchants to accept cross-border payments in the currency of their choice, using their cards or non-card payment options.

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