Payment infrastructure startup Mylapay has announced that it has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A fundraise. Through this round, existing investors CDM Capital and Credit Saison continued their participation, while GrowthCap Ventures joined as a new investor under the leadership of Pratekk Agarwaal. In addition, a group of strategic angel investors also participated in the round.
With the newly raised capital, the startup plans to further strengthen its payment infrastructure. At the same time, it will scale its product offerings, deepen collaborations with banks and payment aggregators, and support its expansion across the Middle East, Africa, and the US markets.
Mylapay delivers end-to-end processing solutions across card and UPI payment rails through a modern, product-led acquiring infrastructure. Its backend technology stack actively supports 3DS authorization, switching, clearing and settlement, reconciliation, and chargeback management. Moreover, the platform holds certifications from major card networks, including Visa, Mastercard, and RuPay.
Recently, the company launched its unified acquiring platform, a compliance-led infrastructure built to process more than 5,000 transactions per second. As a result, banks and payment aggregators can now manage end-to-end card and UPI acquiring through a single, streamlined integration.
“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 on the investment, Pratekk Agarwaal, Founder and General Partner at 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.”
