Phi Commerce

Phi Commerce is a new age financial technology company focussed on innovating digital payments.

Phi Commerce's solutions optimises efficiency for mature digital champions while taking digitally challenged businesses and consumers up the digital payments curve.

Phi Commerce was founded in 2015 and is headquartered in Pune, Maharashtra, India.


Phi Commerce has created PayPhi, a ground-breaking omni-channel payment processing platform which processes digital payments at doorstep, online & in-store across variety of form factors such as cards, net-banking, UPI, Aadhaar, BharatQR, wallets, NEFT, RTGS, and NACH.

Phi Commerce’s PayPhi Digital Enablement suite has been developed with the mission of empowering very large untapped blue-ocean sectors dominated by offline payment modes such as cash & cheque to accept digital payments.

Phi Commerce was the winner of MeitY DigiDhan Mission Fintech Award and has won the coveted Visa Everywhere Initiative (VEI) India 2020 for its one-of-a-kind Instalments/Buy Now, Pay Later program.


Phi Commerce is backed by BEENEXT. The company raised $4M in Series A round on Jan 07, 2021. This brings Phi Commerce's total funding to $4.8M to date.



  • Year founded: 2015
  • Funding Info: $4.8M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Pune
  • State: Maharashtra
  • Country: India
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