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The funding round also saw participation from CDM Capital, AC Ventures, Operators Studio, and several angel investors from India and the US.
The funding round also saw participation from existing investors Unleash Capital Partners and CDM Capital.
Prior to this investment, Mylapay had raised $550,000 in seed funding.
The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence.
