“PhonePe confirms a USD 100 million extra tranche of funding from Common Atlantic, a number one world development fairness agency, and its co-investors as a part of our ongoing fundraise. Common
Common Atlantic has invested USD 450 million within the ongoing fundraise, Ribbit Capital,
PhonePe plans to deploy these funds to construct and scale new companies like insurance coverage, wealth administration, lending, stockbroking, ONDC-based buying and account aggregators.
The fundraise can even assist PhonePe turbo-charge the following wave of development for UPI funds in India, together with UPI lite and Credit score on UPI.
Not too long ago the corporate additionally introduced its foray into hyperlocal e-commerce via new platform Pincode.
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