Mylapay Raises Dollar1 Million to Power Next-Gen Payment Infrastructure
Chennai, India Jan 06th: Mylapay, a next-generation payment infrastructure company, today announced that it has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A funding.
The round saw continued participation from CDM Capital and Credit Saison, along with fresh participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a network of strategic angel investors.
The capital will be used to strengthen Mylapay’s payment infrastructure, scale its product suite, deepen partnerships with banks and payment aggregators, and support expansion across the MEA and US markets.
Mylapay recently launched its unified acquiring platform, a high-speed, compliance-led infrastructure designed to process over 5,000 transactions per second, enabling banks and payment aggregators to manage end-to-end card and UPI acquiring through a single connection.
“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, CDM Capital.
“Payment processing can no longer be a black-box ‘service.’ Regulatory changes and industry evolution now demand product-based solutions—configurable, secure, and built for scale. 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. This capital infusion further equips us to accelerate adoption of our next–gen platform,” said Mohanraj Ravi, Founder & CEO of Mylapay.
Speaking about the investment, Pratekk Agarwaal, Founder & General Partner, GrowthCap Ventures, said: “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. At GrowthCap Ventures, we back category-defining fintech infrastructure plays, and Mylapay is strongly positioned to shape the next phase of digital payments globally.”