Mylapay, a payment infrastructure startup, has raised $1 million as part of its ongoing funding round, ahead of its planned Series A raise.
The round saw continued backing from CDM Capital and Credit Saison, along with new participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors.
How Mylapay Plans to Use the Funds
Focus on Scale and Global Expansion
The startup plans to use the fresh capital to:
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Strengthen its core payment infrastructure
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Expand and enhance its product offerings
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Build deeper partnerships with banks and payment aggregators
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Support expansion across the Middle East & Africa (MEA) and United States markets
What Mylapay Does
End-to-End Payment Processing Platform
Mylapay offers end-to-end processing solutions for both card payments and UPI through a modern, product-driven acquiring infrastructure.
Its backend technology stack covers:
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3D Secure (3DS) authorization
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Transaction switching
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Clearing and settlement
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Reconciliation
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Chargeback management
The platform is certified by major card networks, including Visa, Mastercard, and RuPay.
Unified Acquiring Platform Launched
Built for Speed, Compliance, and Scale
Recently, Mylapay launched a unified acquiring platform designed to handle over 5,000 transactions per second. The compliance-led system allows banks and payment aggregators to manage card and UPI acquiring through a single integration.
This setup reduces complexity while ensuring regulatory readiness and performance at scale.
Investors Show Confidence in Compliance-First Approach
CDM Capital Managing Partner Davesh Manocha said the firm was pleased to continue supporting Mylapay’s focus on building a compliance-first infrastructure as it scales.
Mylapay Founder and CEO Mohanraj Ravi emphasized that payment processing can no longer function as a “black-box service,” noting that modern regulations demand secure, configurable, and product-based solutions.
Aiming to Shape the Future of Payments
GrowthCap Ventures Founder Pratekk Agarwaal highlighted India’s leadership in payment innovation, saying Mylapay is addressing a key global infrastructure gap by helping banks modernize their acquiring systems with reliability, compliance depth, and scalability.
Why This Matters
As digital payments continue to evolve, platforms like Mylapay are becoming critical to helping banks and payment institutions stay compliant, flexible, and future-ready. The fresh funding positions the startup to play a bigger role in the next phase of global digital payments.
