Fresh capital is set to support the expansion plans of a payments infrastructure firm focused on scaling compliant and high speed solutions.
Mylapay announced that it has raised $1 million as part of its ongoing capital round, ahead of its planned Series A funding. The round saw continued participation from CDM Capital and Credit Saison, along with new investment from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors.
The company said the funds will be used to strengthen its payment infrastructure, scale its product offerings, deepen partnerships with banks and payment aggregators, and support expansion across the MEA and US markets.
Mylapay recently launched its unified acquiring platform, which is designed to process more than 5,000 transactions per second. The platform enables banks and payment aggregators to manage end to end card and UPI acquiring through a single connection, with a strong focus on compliance.
“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 at CDM Capital.
Mohanraj Ravi, Founder and CEO of Mylapay, said the payments industry now requires more transparent and scalable solutions. “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,” he said.
Commenting 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.”
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