Payment Infrastructure Startup Mylapay Raises $1 Million Ahead of Series A
Mon Jan 05 2026
Mylapay, a payment infrastructure startup focused on building modern, compliance-first acquiring systems, has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A fundraising.
The round saw continued participation from existing investors CDM Capital and Credit Saison, along with new backing from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors.
Powering the Next Phase of Expansion
The fresh capital will be used to:
- Strengthen Mylapay’s payment infrastructure stack
- Expand its product suite
- Deepen partnerships with banks and payment aggregators
- Support international expansion across the Middle East, Africa (MEA), and the United States
As digital transactions scale globally, Mylapay is positioning itself as an infrastructure provider for institutions that require high reliability, regulatory compliance, and performance at scale.
End-to-End Acquiring Infrastructure
Mylapay provides end-to-end acquiring and processing solutions across card and UPI payment rails through a product-led infrastructure approach.
Its backend stack includes:
- 3DS authorization
- Switching
- Clearing and settlement
- Reconciliation
- Chargeback management
The platform is certified by major card networks, including Visa, Mastercard, and RuPay, allowing it to operate at institutional scale.
Unified Acquiring Platform at Scale
Recently, Mylapay launched its unified acquiring platform, a compliance-led infrastructure capable of processing over 5,000 transactions per second.
The platform enables banks and payment aggregators to manage card and UPI acquiring through a single integration, significantly reducing operational complexity, integration time, and maintenance overhead.
This “acquiring-in-a-box” model reflects a broader industry shift toward modular, configurable payment infrastructure.
Compliance-First Approach Wins Investor Confidence
Davesh Manocha, Managing Partner at CDM Capital, said the firm continues to back Mylapay’s long-term vision:
“Mylapay has been deliberate in building a compliance-first acquiring infrastructure. We’re pleased to continue supporting the team as they scale the platform.”
Mohanraj Ravi, Founder & CEO of Mylapay, highlighted why traditional payment processing models are no longer sufficient:
“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.”
He added that Mylapay’s platform gives institutions full control without compromising on data privacy or performance.
Positioned for Global Fintech Infrastructure Growth
Pratekk Agarwaal, Founder & General Partner at GrowthCap Ventures, said Mylapay is addressing a critical infrastructure gap:
“India has led innovation in payments, and the world is now adopting this maturity curve. Mylapay is helping banks and payment institutions modernize their acquiring stack with reliability, compliance depth, and scale.”
As global markets adopt real-time payments and regulatory scrutiny increases, demand for robust backend infrastructure is accelerating.
Looking Ahead
With fresh capital and growing institutional interest, Mylapay is positioning itself as a core infrastructure provider for banks and payment companies navigating rising transaction volumes and regulatory complexity.
As digital payments continue to expand worldwide, platforms that combine high performance, compliance, and configurability are expected to become foundational to the next phase of the global fintech ecosystem.
Mon Jan 05 2026
