Payment infrastructure startup Mylapay has raised $1 million as part of its ongoing capital round, ahead of its planned Series A fundraising. The investment includes continued backing from existing investors and participation from new institutional and angel investors.
The round saw follow-on participation from CDM Capital and Credit Saison, along with fresh capital from GrowthCap Ventures. The round also included investments from a group of strategic angel investors. The funds are expected to support product development, partnerships and market expansion.
Mylapay operates in the payments infrastructure space, providing backend systems that support card and UPI payment processing. The company positions itself as a technology provider for banks and payment institutions seeking modern, compliant acquiring solutions.
Mylapay Funding Round
According to the company, the newly raised capital will be used to strengthen its core payment infrastructure and scale its product offerings. A portion of the funds will also be deployed to deepen relationships with banks and payment aggregators that rely on acquiring technology.
The company has outlined plans to expand its footprint beyond India, with a focus on markets in the Middle East, Africa and the United States. These regions are seeing increased demand for scalable and regulation-ready payment systems.
Existing investors have continued their support, citing the company’s focus on compliance-led infrastructure. The startup has built its platform to align with evolving regulatory requirements and payment network standards.
Payment Stack Expands
Mylapay offers end-to-end processing solutions across card and UPI payment rails. Its backend infrastructure includes capabilities such as 3D Secure authorisation, transaction switching, clearing and settlement, reconciliation, and chargeback management.
The platform is certified by major card networks including Visa, Mastercard and RuPay. This certification allows the company to work closely with regulated financial institutions that require adherence to strict technical and security standards.
Recently, Mylapay launched a unified acquiring platform designed to allow banks and payment aggregators to manage card and UPI acquiring through a single integration. The company has stated that the platform is built to process more than 5,000 transactions per second.
Global Growth Plans
The unified acquiring platform has been positioned as compliance-led infrastructure, with features aimed at improving transparency and control for payment institutions. By consolidating multiple acquiring functions into one system, the platform seeks to reduce operational complexity.
The startup has highlighted that payment processing is increasingly moving away from opaque service-based models. Instead, institutions are seeking configurable, product-driven infrastructure that can adapt to regulatory changes while maintaining performance and data security.
New investor GrowthCap Ventures has indicated that it views payment infrastructure as a critical layer in the fintech ecosystem. The firm has pointed to the growing global adoption of digital payments and the need for modern acquiring systems that can scale reliably.
As Mylapay prepares for its Series A round, the company is expected to focus on customer adoption, regulatory partnerships and international expansion. The latest funding is intended to strengthen its position as a payments infrastructure provider in an increasingly competitive global market.
