BNPL fintech platform Paytail has announced that it has raised $1.5 million in seed funding round.
Speaking on the investment, Vikas Garg, Co-founder of Paytail, commented, “Since its inception, Paytail has been on a mission to create a level field for both offline buyers and sellers, as the retailers in this sector have been facing fierce competition from large e-businesses. We are trying to address the real pain points in a segment that contributes 95 percent of India’s retail, away from the internet-only offerings of the present BNPL players. With this funding, we will be able to enhance the product and build a strong team. We have the vision to create the largest retail BNPL fintech in India and are efficiently working towards it.”
Paytail is a fintech company enabling digital finance and EMI’s across merchants all over the country.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.