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The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
Global card network Visa is looking to offer issuing and acquiring solutions to banks globally, according to a source.
Nvidia, which last agreed to invest $5 billion in Intel, currently holds the market lead for GPUs used by data centers.
The company's net loss narrowed to Rs 16.16 crore in FY25 from Rs 29.24 crore in the previous fiscal.
Last month, Phi Commerce appointed former executive director at Karnataka Bank as CEO of India business.
New investors CapitalG and Sapphire Ventures also joined the funding round.
NDX Finserve, Arpee Group, Ambit Finvest and Grey Grass India participated in the funding round.
With this, the total funding raised by the Pune-based payment aggregator company is about $20 million.
The company is raising funds through a rights issue from its existing investors, likely including BEENEXT and Opus Technologies.
CollectiPhi-360 enables lenders to manage automated, doorstep, offline, partial, and bulk collections.
