Payment infra startup Mylapay bags $1 million from CDM Capital, others
06 Jan 2026, 04:25 PMPrior to this investment, Mylapay had raised $550,000 in seed funding.
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Payment infrastructure startup Mylapay has raised $1 million as part of an ongoing funding round, ahead of its planned Series A funding.
The funding round saw participation from existing investors CDM Capital and Credit Saison, along with fresh capital from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors.
The Chennai-based startup will use the fresh capital to strengthen its core payment infrastructure, expand its product stack, deepen integrations with banks and payment aggregators, and support international expansion across the Middle East, Africa, and the US.
The startup, which was founded by Mohanraj Ravi, builds backend payment processing systems covering 3DS authorisation, switching, clearing and settlement, and reconciliation. Its platform is certified by major card networks including Visa, Mastercard, and RuPay.
The company recently rolled out a unified acquiring platform that allows banks and payment institutions to manage card and UPI acquiring through a single integration. The platform is designed to handle more than 5,000 transactions per second and focuses on compliance-led, modular payment processing.
Prior to this round, Mylapay had raised $550,000 in seed funding.
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