Indian Payment Infrastructure Startup Mylapay Raises $1M Ahead of…

Team S · 2026-01-12T13:36:43.000Z

Chennai-based payment infrastructure startup Mylapay has secured $1 million in fresh funding as part of an ongoing round ahead of its planned Series A raise, underscoring strong investor belief in the company’s compliance-first payment processing stack and global expansion strategy. The capital comes as Mylapay expands adoption of its unified acquiring platform that allows banks and payment institutions to manage end-to-end card and UPI acquiring through a single integration a modular solution designed for scalability, regulatory confidence and real-world performance. The $1 M funding round saw continued participation from existing backers CDM Capital and Credit Saison, alongside a new investment from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors, collectively backing Mylapay’s mission to strengthen its product suite and accelerate market presence. The proceeds will be used to enhance Mylapay’s core payment infrastructure, deepen integrations with banks and payment aggregators, broaden compliance features, and support expansion into markets including the Middle East, Africa and the United States as the company prepares for its next growth phase. Founded in 2019 by Mohanraj Ravi (Founder & CEO), Mylapay builds backend payment processing systems that cover critical operations such as 3DS authorisation, switching, clearing and settlement, reconciliation and chargebacks, and its stack is certified by major card networks including Visa, Mastercard and RuPay enabling high-throughput, enterprise-grade payment workflows. The firm’s unified platform is engineered to handle more than 5,000 transactions per second, positioning the company as a modern alternative to legacy “black-box” payment acquirers and responding to rising demand from regulated financial institutions for configurable, transparent, and scalable infrastructure. #Mylapay #Fintech #PaymentInfrastructure #AcquiringPlatform #SeriesAPrep #StartupFunding #DigitalPayments #ComplianceFirst #GlobalExpansion #BankTech #UPIPayments #CardPayments #FinancialInfrastructure #IndiaStartups

Member Login Get Access

Indian Payment Infrastructure Startup Mylapay Raises $1M Ahead of… | Newnex