May 18, 2017

Payment gateway Telr gets $3 mn funding from Innovations East

Payment gateway operator Telr today said it has received an investment of USD 3 million (Rs 19.2 crore) from Innovations East.

The series B funding will be used to build out and enhance the core product, roll out new payment methods and scale up operations in focus markets, especially India and other emerging markets, Telr said in a statement.

Funds will also be deployed, through selective partnerships, in creating an ecosystem for SMEs working on initiatives like a web store builder and short-term lending.

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