Payment solutions provider PhiCommerce raises $10 million in round led by Beenext

PhiCommerce, a SaaS-based omnichannel payment solutions provider, has raised $10 million in a new round of funding led by Beenext, a Singapore-based venture capital firm focused on India and Southeast Asia. Opus Ventures also participated in the round.

The funds will be used to accelerate PhiCommerce’s expansion into international markets and develop solutions to enhance its presence in the payments ecosystem, the Pune-based company said in a statement.