Startup Funding
Payment infrastructure startup Mylapay today announced that it has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A funding . The round saw continued participation from CDM Capital and Credit Saison, along with fresh participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a network of strategic angel investors. The startup will use the raised funds to strengthen its payment infrastructure, scale its product suite, deepen partnerships with banks and payment aggregators, and support expansion across the MEA and US markets. Mylapay provides end-to-end processing solutions for card and UPI payment rails through a modern, product-led acquiring infrastructure. Its backend stack includes 3DS authorization, switching, clearing & settlement, reconciliation, and chargebacks, certified by major card networks including Visa, Mastercard, and RuPay. The startup recently launched its unified acquiring platform, compliance-led infrastructure designe...