India, Sept. 17 -- Fintech startup Pelocal has raised $5 Mn (about INR 43.9 Cr) in its Series A funding round co-led by UNLEASH Capital Partners and Unicorn India Ventures. It also saw participation from angel investors.

The startup said it aims to deploy the capital for product development, expanding the use cases and push its go-to-market strategy.

The funding round comes almost a year after the startup raised $2 Mn in its seed round led by Unicorn India Ventures.

Founded in 2021 by Vivekanand Tripathi and Vikas Garg, Pelocal is a payment orchestration platform which enables large entities to process and collect payments through WhatsApp chat. It also enables payments directly via the messaging platform. Apart from integrating paymen...