Peak XV Partners led a $48m Series A funding round in AlaanPay.

Peak XV Partners, a venture capital and growth investing firm, led a $48m Series A funding round in AlaanPay, an application software company, with participation from 885 Capital, Y Combinator, 468 Capital, and Pioneer Fund. “The category has demonstrated strong product-market fit in the MENA region, and Alaan stands out as the category leader. Their customer-centric and product-led mindset has enabled them to build solutions tailored to modern finance teams,” GV Ravishankar, Peak XV Managing Director.