About PayMate
PayMate is a company based in Mumbai (India) founded in 2006 by Ravi Vishvanathan, Vishvanathan Subramanian, Probir Roy, and Ajay Adiseshann. PayMate has raised $58.7 million across 11 funding rounds from investors including Visa, Kleiner Perkins and IPO Wealth. The company has 88 employees as of March 29, 2024. PayMate has completed 1 acquisition, including Z2P. PayMate operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, Xendit and PayU, among others.
- Headquarter Mumbai, India
- Employees 88 as on 29 Mar, 2024
- Founders Ravi Vishvanathan, Vishvanathan Subramanian, Probir Roy, Ajay Adiseshann
- Stage Soonicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Paymate India Limited
- Date of Incorporation 12 May, 2006
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.15 M (USD)-99.44as on Mar 31, 2015
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Net Profit
-$601.99 K (USD)92.85as on Mar 31, 2015
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EBITDA
-$578.38 K (USD)92.98as on Mar 31, 2015
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Total Equity Funding
$58.7 M (USD)
in 11 rounds
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Latest Funding Round
$2.02 M (USD), Series E
Jul 19, 2024
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Investors
Visa
& 23 more
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Employee Count
88
as on Mar 29, 2024
- Investments & Acquisitions
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Funding Insights of PayMate
PayMate has successfully raised a total of $58.7M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $2.02 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in PayMate
PayMate has secured backing from 24 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Visa, Kleiner Perkins and IPO Wealth.
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Private equity firm focused on multiple sectors
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Diversified investments are managed across multiple sectors by the firm.
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Investments in early-stage startups are made by Brand Capital.
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Investor details for PayMate
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Investments & Acquisitions by PayMate
PayMate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Z2P.
Investment portfolio details for PayMate
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Microloans are facilitated via a P2P lending platform for consumers.
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Complete acquisition details for PayMate
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Financial Statements - PayMate
Detailed financials for PayMate
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Paymate Comparisons
Peer comparison for PayMate
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Competitors of PayMate
PayMate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, Xendit and PayU, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment and money transfer platform for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of PayMate
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Latest news on Paymate
Complete news archive for PayMate
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Frequently Asked Questions about PayMate
PayMate was founded in 2006.
PayMate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ajay Adiseshann is the current CEO of PayMate. They have also founded this company.
PayMate is a funded company, having raised a total of $58.7M across 11 funding rounds to date.
As of Mar 29, 2024, the latest employee count at PayMate is 88.
Annual revenue of PayMate is $1.15M as on Mar 31, 2015.
PayMate was founded in 2006 and is based in Mumbai, India, within the fintech sector focused on B2B payments. Automation tools for vendor payments and workflow configurations are offered by the company. Early payment programs, invoice discounting, and credit evaluation services are provided to support working capital and cash flow management. Operations include procure-to-pay processes and a credit engine, serving supply chain finance needs across businesses.
PayMate has made 1 acquisition, including Z2P.
PayMate has 24 investors. Key investors include Visa, Kleiner Perkins, IPO Wealth, Anil Chandirani, and Manah Family Corpus.
The valuation of PayMate is $953.96M as of Jul 2024.