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Phi Commerce logo — Unified Payments | Built for the World

Phi Commerce

Unified Payments | Built for the World

Founded 2015 India Pune, India 175 employees Series A Total: $834.80M Crypto, Financial Services +1

General Information

Company Name Phi Commerce
Founded Year 2015
Location India Pune, India
Employees 175
Industries Crypto, Financial Services, Information Technology
Funding Stage Series A
Business Model B2B, Platform, API
Revenue Model Transaction Fee, Service Fee, Usage Based
Social

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About Phi Commerce

Phi Commerce, founded in 2015 and headquartered in India, is revolutionizing the payment landscape with its PayPhi platform. Known by its slogan, "Unified Payments | Built for the World," the company offers a comprehensive omni-channel payment processing solution, addressing digital payments from doorstep to in-store across a multitude of formats, including cards, net-banking, and UPI.

Established to digitize unaddressed sectors in the payment landscape, Phi Commerce aims to transition large untapped markets from offline to digital payment modes. Its PayPhi Digital Enablement suite caters to business-specific needs by accommodating legacy systems and complex workflows, thus eliminating payment friction and paving the way for a robust digital ecosystem.

Backed by industry veterans with a century of collective experience, Phi Commerce has garnered multiple accolades, including "Best Payment Gateway of the Year" at the 2018 Payments & Cards Awards. The company recently secured a Series A investment of INR830.00M from Beenext Capital and Opus Ventures.

Business keywords: Omni-channel Payment Processing, Digital Payment Solutions, Payment Gateways, Cashless Payments, B2B Payments, B2B2C Payments, Mobile Payments, UPI Integration, Aadhaar Pay, BharatQR, Payment on Delivery, Real Time Settlement, Auto Reconciliation, Legacy System Integration, Blockchain in Payments

Services & Products

Omnichannel Payment Processor
Smart Transaction Router
Payment Gateway
Tokenization Suite
Campaign Management
Dual Factor Authentication
UPI Acquiring Switch

Target Customers

Merchants Conglomerates and Enterprises Education Sector NBFCs Consumer Services and Utilities Retail and Airports Government and Public Services Travel and Hospitality Industry Acquirers Issuers

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A INR830.00M 2
Beenext Capital Opus Ventures
Beenext Capital, Opus Ventures
28 Nov 2023
Series A $4.00M 2
Beenext Capital Yatra Angel Network
Beenext Capital, Yatra Angel Network
07 Jan 2021
Angel Round $800.00K -
01 Oct 2016

Phi Commerce Alternatives & Competitors

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Phi Commerce vs
PayBull
PayBull Turkey

Dünya senin elinde!

20 employees
Financial Services, Information Technology
Compare Phi Commerce vs PayBull
Phi Commerce vs
FSS
FSS India

Empowering Commerce, Communities & Economies

Series D
3131 employees
Crypto, Financial Services
Compare Phi Commerce vs FSS
Phi Commerce vs
Radom
Radom United Kingdom

Crypto Payments for Business

32 employees
API, Blockchain
View all alternatives

FAQ About Phi Commerce

Unified Payments | Built for the World
Phi Commerce was founded in 2015.
Phi Commerce is headquartered in Pune, India.
Phi Commerce operates in Crypto, Financial Services and Information Technology. Its work centres on Omni-channel Payment Processing, Digital Payment Solutions, Payment Gateways and Cashless Payments. Its customers include Merchants, Conglomerates and Enterprises and Education Sector.
Phi Commerce has a B2B, Platform and API business model. Its revenue comes from Transaction Fee, Service Fee and Usage Based.
Phi Commerce has approximately 175 employees.
Phi Commerce has completed 3 funding rounds, raising a total of $834.80M. The latest funding stage is Series A.
Phi Commerce offers: Omnichannel Payment Processor, Smart Transaction Router, Payment Gateway, Tokenization Suite, Campaign Management, Dual Factor Authentication, UPI Acquiring Switch.
Top alternatives and competitors to Phi Commerce include PayBull , FSS, Radom, Koibanx, DahPay Malaysia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Phi Commerce and PayBull are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Phi Commerce, https://bouncewatch.com/company/phicommerce, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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