Unlimit funds Paytring.

The top global fintech startup Unlimit, which is revolutionizing payments, announced today that it has joined Paytring's pre-seed investment round as the primary investor in the global payment orchestration platform.

Madilyn Swift

April 09, 2024

2Min Reads

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Payments

The additional funding would quicken Paytring's product development, enabling the company to offer reliable foreign payments to Indian companies—a market that is projected to grow to $814 billion by 2029.

Paytring is a comprehensive payment orchestration platform that streamlines the intricate world of local and international digital transactions with its no-code solution approach to payment collection. With this additional investment, payment processors and merchants will be able to lower expenses, increase operational efficiency, and enhance end users' overall payment experiences. Over 25 payment gateways and service providers around the world have already integrated Paytring, and this figure is expected to keep growing in the upcoming months.

"Unlimit's early-stage strategic investment highlights the significance of Paytring's solution for global business expansion." Our progress will be accelerated by the multi-geographical thoughts and extensive tech experience of the payment leaders. Keshav Munjal, co-founder and CEO of Paytring, says, "Together, we're excited to achieve our strategic mission of empowering businesses to stay ahead of the global payments ecosystem's evolving dynamics."

"Paytring has the remarkable potential to revolutionize the cross-border payment landscape in India," stated Kirill Eves, the CEO and creator of Unlimit. The organization has demonstrated a remarkable history of expansion via a number of well-timed alliances and mergers.In the upcoming years, we are forward to collaborate with the company's executives to further accelerate its growth trajectory.

The timing of the investment is ideal for India's digital payment market. The digital payments industry in India is expected to develop at a compound annual growth rate (CAGR) of 11.56% from 2024 to 2028, with a projected market value of 254.60 billion US dollars in 2024. India presented a work plan to the World Trade Organization (WTO) earlier this month as part of its continuous effort to facilitate cross-border payments that are more affordable, quicker, and transparent. The program's goal is to lower cross-border remittance costs in order to advance global trade.