Internet and e-commerce group Beenos has supplied an undisclosed amount of series A funding for Philippines-based online payment platform developer Paynamics.
Founded in 2010, Paynamics has built an online payment platform as well as e-commerce services that can be used by large businesses and small to medium-sized enterprises.
The startup will use the capital, which represents its first external funding, for product development and the formation of additional partnerships with online merchants.