Mylapay has raised $1 million as part of its ongoing capital round, ahead of its planned Series A funding.
The round witnessed continued participation from CDM Capital and Credit Saison, along with new investment from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors.
The funds will be utilised to strengthen Mylapay’s payment infrastructure, scale its product offerings, deepen collaborations with banks and payment aggregators, and support expansion across the MEA and US markets.
Mylapay recently introduced its unified acquiring platform, a high-speed, compliance-led infrastructure capable of processing over 5,000 transactions per second. The platform enables banks and payment aggregators to manage end-to-end card and UPI acquiring through a single integration.
Commenting on the development, Davesh Manocha, Managing Partner, CDM Capital, said the firm remains committed to supporting Mylapay as it scales its compliance-first acquiring infrastructure.
Mohanraj Ravi, Founder and CEO, Mylapay, highlighted the growing need for product-driven, configurable, and scalable payment solutions that meet evolving regulatory demands, noting that the capital infusion will accelerate adoption of the company’s next-generation platform.
Pratekk Agarwaal, Founder and General Partner, GrowthCap Ventures, stated that Mylapay addresses a critical infrastructure gap by helping banks and payment institutions modernise their acquiring stack with reliability, regulatory depth, and scalability.
Mylapay provides end-to-end processing solutions for card and UPI payment rails through a product-led acquiring infrastructure. Its backend stack includes 3DS authorisation, switching, clearing and settlement, reconciliation, and chargeback management, and is certified by major card networks including Visa, Mastercard, and RuPay. The company had earlier raised $550,000 in a seed funding round.
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