Payment infrastructure startup Mylapay has raised $1 million as part of an ongoing capital round ahead of its planned Series A fundraise.
The round saw continued participation from existing investors CDM Capital and Credit Saison, along with fresh capital from GrowthCap Ventures and a group of strategic angel investors.
The Chennai-based company said the funds will be used to strengthen its core payment infrastructure, expand its product suite, deepen partnerships with banks and payment aggregators, and support expansion across the Middle East, Africa and the US.
“At Mylapay, we’ve productized acquiring-in-a-box with built-in compliance infrastructure, so payment acquirers gain full control and flexibility without compromising on data privacy, regulatory confidence, or performance,” said Mohanraj Ravi, founder & CEO of Mylapay.
The company recently launched a unified acquiring platform that allows banks and payment aggregators to manage end-to-end card and UPI acquiring through a single integration. The platform is designed to process more than 5,000 transactions per second.
“Mylapay has been deliberate in building a compliance-first acquiring infrastructure. We’re pleased to continue supporting the team as they scale the platform,” said Davesh Manocha, managing partner at CDM Capital.
Founded in 2019, the company previously raised $550,000 in a seed round.
“India has always led innovation in payments, and the world is now adopting this maturity curve. Mylapay is solving one of the most critical infrastructure gaps—helping banks and payment institutions modernize their acquiring stack with reliability, compliance depth, and scale,” said Pratekk Agarwaal, founder & general partner, GrowthCap Ventures.
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