Rajesh Hanumantrao Londhe (Phi Commerce): 10 Key Things You Must Know

Overview

Rajesh Hanumantrao Londhe is a prominent Indian entrepreneur and technology executive best known as a co-founder and whole-time director of Phi Commerce Private Limited, a pioneering fintech company specializing in omni-channel digital payment solutions. With over two decades of experience in the IT and banking sectors, Rajesh has been instrumental in shaping Phi Commerce into a significant player in India’s booming digital payments landscape. This article explores ten key aspects of Rajesh Londhe's career and contributions, revealing how his leadership and vision have fueled innovation in digital commerce and transformed payment processing for businesses and lenders across India.

1. Early Career and Professional Background

Rajesh Hanumantrao Londhe began his professional journey in June 1999 at Allahabad Bank, where he served as Manager - IT, overseeing the bank's information technology operations. His deep roots in banking technology paved the way for his expertise in digital payments. After more than a decade, Rajesh transitioned to Euronet Worldwide in January 2012 as Director of Project Delivery for the Asia Pacific region, managing critical projects across multiple countries. This blend of banking and multinational experience laid a strong foundation for his future entrepreneurial ventures.

2. Co-Founding Phi Commerce

In 2015, Rajesh Londhe co-founded Phi Commerce alongside Tushar Ashok Shankar, Jose Antony Thattil, and Anil Sohanlal Sharma. The company was established in Pune, Maharashtra, with a vision to address the complexities of payment ecosystems in India by providing seamless, unified digital payment solutions. Rajesh’s technical leadership and banking insight were vital to founding and scaling Phi Commerce as a platform catering to businesses, banks, and financial networks.

3. Role as Whole-Time Director

As a whole-time director of Phi Commerce since November 2020, Rajesh plays a key role in guiding the company’s technological strategy and operations. He is actively involved in directing product development, business expansion, and forging ties with financial institutions. His stewardship has positioned Phi Commerce as a trusted partner in the fintech sector, emphasizing innovation and reliability.

4. Phi Commerce's Innovative Payment Solutions

Under Rajesh’s leadership, Phi Commerce developed PayPhi, an omni-channel payment platform offering digital payment gateways, in-store terminals, and invoice payment capabilities. The company addresses challenges such as cash-on-delivery collection issues and streamlines loan repayment processes via innovative products like CollectiPhi-360. This platform automates and facilitates doorstep, offline, partial, and bulk collections for lenders, improving operational efficiency and customer experience.

5. Significant Funding and Growth

Phi Commerce has experienced rapid growth, raising over INR 150 crore (approximately $20 million) across multiple funding rounds. A key investor is BEENEXT, a Singapore-based venture capital firm. In 2024 and 2025, Phi Commerce secured Series A1 and Series B funding totaling close to INR 135 crore, fueling product innovation and market penetration. Rajesh’s strategic vision has been crucial in attracting and managing such investment, enabling Phi Commerce to scale rapidly.

6. Impact on Indian Fintech Landscape

Rajesh Londhe’s work at Phi Commerce contributes to India’s fast-evolving fintech ecosystem, which is expected to reach a $2.1 trillion opportunity by 2030. The company holds significant approvals from authorities like the National Payments Corporation of India (NPCI), including certification to offer UPI Switch services. This recognition underscores Phi Commerce’s role in simplifying merchant onboarding and enhancing digital payments infrastructure in India.

7. Strategic Partnerships and Industry Influence

Phi Commerce operates as a platform partner with the NPCI and collaborates with banks and payment networks to optimize payment acceptance and processing. Rajesh has been involved in shaping these partnerships, which boost Phi Commerce’s ability to offer integrated and scalable payment solutions, thereby supporting merchants and lenders countrywide.

8. Commitment to Technology and Security

Rajesh emphasizes building secure, efficient payment technologies to safeguard transactions against fraud and phishing threats. His background in IT management informs Phi Commerce’s continuous commitment to robust cybersecurity practices and compliance with regulatory standards, ensuring trust and confidence among users.

9. Leadership in a Competitive Market

Operating in a crowded fintech payment space with players like PayU, BharatPe’s Resilient Payments, and others, Phi Commerce’s differentiated omnichannel offerings showcase Rajesh’s capability to lead innovation and carve out a niche. The company focuses on solving real-world challenges for merchants and financial institutions, making it a formidable competitor.

10. Vision for the Future of Digital Payments

Rajesh Londhe envisions Phi Commerce as an enabler of holistic financial inclusion by simplifying payments across industries through technology. With plans to expand product offerings and deepen market reach, Rajesh is steering Phi Commerce toward being a flagship digital payments innovator in India and potentially beyond, matching the pace of fintech growth globally.

Conclusion

Rajesh Hanumantrao Londhe stands out as a dynamic leader whose extensive experience in IT and banking has fueled the rise of Phi Commerce as a key fintech innovator. Through strategic leadership, product innovation, and robust partnerships, he has positioned the company at the forefront of India’s digital payment revolution. As the fintech sector continues to surge, Rajesh’s vision and execution will be vital in shaping future payment experiences. His journey invites reflection on how technology and leadership can transform financial ecosystems and empower millions with seamless financial services.