Unlimit, a prominent global fintech company specializing in payment innovations, has announced its pivotal role as the lead investor in Paytring‘s pre-seed funding round. This strategic investment underscores Unlimit’s commitment to revolutionizing the payments landscape and fostering innovation within the fintech sector.
The infusion of capital will propel Paytring’s product development efforts, specifically targeting the enhancement of international payment solutions for Indian businesses. With the Indian market poised to reach $814 billion by 2029, Paytring aims to leverage its expertise to streamline cross-border transactions and facilitate seamless payment experiences for businesses and consumers alike.
Paytring’s comprehensive payment orchestration platform adopts a no-code solution approach, simplifying the intricate processes associated with local and global digital transactions. By providing merchants and payment processors with tools to optimize operational efficiency and reduce costs, Paytring seeks to drive significant improvements in the payment ecosystem.
The platform is already integrated with over 25 payment gateways and service providers worldwide, with plans for further expansion in the near future. This strategic investment from Unlimit will catalyze Paytring’s growth trajectory, enabling the company to capitalize on emerging opportunities and solidify its position as a leader in the global payments industry.
Keshav Munjal, co-founder and CEO of Paytring, expressed enthusiasm for the partnership with Unlimit, citing the company’s deep tech expertise and multi-geography insights as valuable assets in advancing Paytring’s mission. Together, the two companies are committed to empowering businesses to navigate the evolving dynamics of the global payments landscape successfully.
Kirill Eves, founder and CEO of Unlimit, emphasized Paytring’s potential to revolutionize cross-border payments in India, citing the company’s impressive track record of growth and strategic partnerships. Unlimit is poised to collaborate closely with Paytring’s leadership team to accelerate its growth trajectory and drive innovation within the Indian digital payment market.
The timing of this investment aligns with significant developments in the Indian digital payment landscape, with projections indicating robust growth in transaction volumes. India’s proactive initiatives to enhance cross-border payment infrastructure further underscore the potential for innovative solutions like Paytring to thrive in the evolving marketplace.
As Paytring embarks on its next phase of growth, supported by Unlimit’s strategic investment, the company remains dedicated to delivering cutting-edge payment solutions that address the evolving needs of businesses and consumers in India and beyond.
