PE-VC Fund Investments
Fintech Startup Mylapay raises $1-M from Credit Saison, CDM Capital, others
Chennai-based payment infrastructure startup Mylapay has raised USD 1 million as part of its Pre-Series A funding. The round saw continued participation from CDM Capital and Credit Saison, with new participation from GrowthCap Ventures, led by Pratekk Agarwaal, and strategic angel investors.Founded by Mohanraj Ravi, Mylapay provides end-to-end processing solutions for card and UPI payment rails through its acquiring infrastructure.The company recently launched a unified acquiring platform designed to process over 5,000 transactions per second.The fresh funds will be used by the company to strengthen its payment infrastructure, scale its product suite, deepen partnerships with banks and payment aggregators, and support expansion across the MEA and US markets.
In Jan-24, Mylapay had attracted about USD 0.55 M from CDM Capital, Saison Capital, Others.For FY25, Mylapay had reported about INR 5.69 Cr in Operating Income and about INR 0.23 Cr in Net Loss.
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