Phi Commerce Pvt Ltd: Funding, Investors & Team (Oct 2026)
Founded in 2015, Phi Commerce has created PayPhi, a ground-breaking omni-channel payment processing platform which processes digital payments at doorstep, online & in-store across variety of form factors such as cards, net-banking, UPI, Aadhaar, BharatQR, wallets, NEFT, RTGS, and NACH. The company was established with the objective to digitize white spaces in payments & go beyond routine payment processing. Phi Commerce’s PayPhi Digital Enablement suite has been developed with the mission of empowering very large untapped blue-ocean sectors dominated by offline payment modes such as cash & cheque to accept digital payments. Custom built enablers around PayPhi, help businesses create, present and process digital payments. Our solutions take into consideration legacy systems and complex workflows of businesses, use case, stakeholders in payment ecosystem such as merchants, consumers, banks, networks and ancillary players etc. This uniquely positions us to eliminate friction in first & last mile of payments and create a sustainable digital payment ecosystem. Core team comprises of industry veterans with complementary skill sets and nearly 100 years of global experience with noteworthy players such as Mastercard, Euronet, ICICI Bank, Opus Software and Electra Card Services. The company innovative work has been recognized at prestigious forums in short span of its existence: • Certification of Recognition as StartUp by Department of Industrial Policy and Promotion. • Winner of the "Best Payment Gateway" of the year award at Payments & Cards Awards 2018 • Winner at Payments & Cards Awards 2017 in 3 categories - “Best Startup Of The Year”, “Best Online Payment Solution Of The Year- Consumer” And “Best Online Payment Solution Of The Year-Merchant”, • Winner of NPCI IDEATHON on Blockchain in Payments • Shortlisted by Govt. of Maharashtra as top 100 start-ups pan-India across 8 sectors
Phi Commerce Pvt Ltd has raised $10.0M across 1 funding round on record, the most recent a Series A of $10.0M announced in Nov 2023.
That round is above the $6.7M median round size for Blockchain and Cryptocurrency companies tracked on FundedIQ over the last two years.
Phi Commerce Pvt Ltd Company Profile and Key Stats
Latest funding round on record: Nov 2023.
Phi Commerce Pvt Ltd Funding Rounds
Phi Commerce Pvt Ltd Founders and Leadership Team
No contact details are on record for this team yet.
Phi Commerce Pvt Ltd Funding Compared to Other Blockchain and Cryptocurrency Startups
Phi Commerce Pvt Ltd's latest round of $10.0M is above the median round in Blockchain and Cryptocurrency. Medians cover the last 24 months of disclosed rounds.
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Phi Commerce Pvt Ltd Funding FAQs
What does Phi Commerce Pvt Ltd do?
Founded in 2015, Phi Commerce has created PayPhi, a ground-breaking omni-channel payment processing platform which processes digital payments at doorstep, online & in-store across variety of form factors such as cards, net-banking, UPI, Aadhaar, BharatQR, wallets, NEFT, RTGS, and NACH. The company was established with the objective to digitize white spaces in payments & go beyond routine payment processing. Phi Commerce’s PayPhi Digital Enablement suite has been developed with the mission of empowering very large untapped blue-ocean sectors dominated by offline payment modes such as cash & cheque to accept digital payments. Custom built enablers around PayPhi, help businesses create, present and process digital payments. Our solutions take into consideration legacy systems and complex workflows of businesses, use case, stakeholders in payment ecosystem such as merchants, consumers, banks, networks and ancillary players etc. This uniquely positions us to eliminate friction in first & last mile of payments and create a sustainable digital payment ecosystem. Core team comprises of industry veterans with complementary skill sets and nearly 100 years of global experience with noteworthy players such as Mastercard, Euronet, ICICI Bank, Opus Software and Electra Card Services. The company innovative work has been recognized at prestigious forums in short span of its existence: • Certification of Recognition as StartUp by Department of Industrial Policy and Promotion. • Winner of the "Best Payment Gateway" of the year award at Payments & Cards Awards 2018 • Winner at Payments & Cards Awards 2017 in 3 categories - “Best Startup Of The Year”, “Best Online Payment Solution Of The Year- Consumer” And “Best Online Payment Solution Of The Year-Merchant”, • Winner of NPCI IDEATHON on Blockchain in Payments • Shortlisted by Govt. of Maharashtra as top 100 start-ups pan-India across 8 sectors
How much funding has Phi Commerce Pvt Ltd raised?
Phi Commerce Pvt Ltd has raised $10.0M across 1 round on record. The most recent is a Series A of $10.0M announced in Nov 2023.
When did Phi Commerce Pvt Ltd last raise funding?
Phi Commerce Pvt Ltd's most recent funding round on record is a Series A of $10.0M, announced in Nov 2023.
Who founded Phi Commerce Pvt Ltd?
FundedIQ lists Rajesh Londhe (Founder) at Phi Commerce Pvt Ltd.
Where is Phi Commerce Pvt Ltd headquartered?
Phi Commerce Pvt Ltd is based in Pune, Maharashtra, India.
How many employees does Phi Commerce Pvt Ltd have?
Phi Commerce Pvt Ltd is in the 101-250 employee band.
How does Phi Commerce Pvt Ltd's funding compare to other Blockchain and Cryptocurrency startups?
Phi Commerce Pvt Ltd's latest round of $10.0M is above the $6.7M median round size for Blockchain and Cryptocurrency companies on FundedIQ across 659 tracked companies over the last two years.
About FundedIQ's Phi Commerce Pvt Ltd Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Phi Commerce Pvt Ltd is left off this page rather than filled in.
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