Pelocal raises $5M Series A to boost its product development and market expansion

Pelocal, a Noida-based fintech, raised $5M in Series A funding led by UNLEASH Capital Partners and Unicorn India Ventures. The AI-powered WhatsApp payments platform, founded by Vivekanand Tripathi and Vikas Garg, serves 40+ enterprises and 5M monthly users across BFSI, transit, and utilities. With a $500M annual payment run rate and 6x growth since seed, Pelocal targets $10M ARR in 18–24 months.