What is Mylapay?
Founded in May 2019 as Mindeed Technologies and Services Pvt Ltd, Mylapay has rapidly distinguished itself as an innovator within the fintech arena. The company specializes in payment enablement, developing sophisticated payment solutions designed to streamline the entire card payment lifecycle. Mylapay's core product suite includes 3DS-Authentication for robust online commerce security, Authorization Switch for enhanced speed and high success rates in transaction approvals, and the IntelleEngine-Transaction Processing System, an end-to-end platform for managing post-authorization payment processing. This comprehensive offering positions Mylapay as a key enabler for businesses seeking to optimize their payment infrastructure.
How much funding has Mylapay raised?
Mylapay has raised a total of $1.6M across 2 funding rounds:
Angel/Seed
$553K
Other Financing Round
$1M
Angel/Seed (2024): $553K with participation from Saison Capital, 77 Capital, and CDM Capital
Other Financing Round (2026): $1M led by CDM Capital, GrowthCap Ventures, and Credit Saison India
Key Investors in Mylapay
CDM Capital
CDM Capital is an early-stage venture capital firm focused on investing in transformative technology startups within the Health Tech, FinTech, and SaaS sectors, particularly at the Seed and Pre-Series A stages. The firm aims to support founders by providing guidance and resources to navigate the complexities of building successful companies.
GrowthCap Ventures
GrowthCap Ventures is a leading early-stage venture capital firm in India, specializing in fintech, AI, and deep tech investments. The firm is dedicated to supporting visionary entrepreneurs by providing capital, operational expertise, and strategic guidance to help them scale their businesses.
Credit Saison India
Kisetsu Saison Finance (india) Private Limited is an Indian Non-Government Company. They offers wholesale, co-origination, consumer financing and SME Financing. The company was established in 2018 and is based in Bangalore, Karnataka, India.
What's next for Mylapay?
The substantial enterprise-level funding and recent strategic investment signal a new phase of growth and expansion for Mylapay. This capital infusion is expected to fuel further development of its innovative payment solutions, enhance its market reach, and potentially explore new technological frontiers within the fintech landscape. Mylapay's focus on simplifying the complete card payment cycle positions it for continued success as it scales its operations and solidifies its role as a vital partner for businesses navigating the complexities of digital transactions.
See full Mylapay company page
