India based, Chillr raised closed a $7m Series A from Blume Ventures, Uniqorn Ventures, and Sequoia Capital. Chillr helps customers to send money to others near them, without knowing their phone number.
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Chillr closes its Series A round
Founded in December 2014, the Chillr app allows users to transfer money to any contact in their phone book. It is directly linked to the customer’s bank account and, hence, eliminates the need for a prepaid wallet. All transactions are authenticated by a four-digit MPIN issued by the bank. It claims that it allow users to send money to others near them, without knowing their phone number. From peer-to-peer transfers to bill payments and mobile recharges, the company now aims to tie up with 30,000 merchants, by the end of March 2016.
