Payment infrastructure startup Mylapay has secured $1 million in fresh funding as part of its ongoing capital raise, ahead of its planned Series A round. The investment signals continued confidence in the company’s compliance-led, product-first approach to payment acquiring infrastructure, as Mylapay prepares to expand its footprint across international markets.
The round saw follow-on participation from existing backers CDM Capital and Credit Saison, along with new investment from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors. According to the company, the capital will be used to further strengthen its core payment infrastructure, expand its product offerings, deepen partnerships with banks and payment aggregators, and support growth across the Middle East and Africa (MEA) as well as the United States.
Mylapay offers end-to-end processing solutions for both card and UPI payment rails through a modern, product-led acquiring stack. Its backend infrastructure covers critical functions such as 3D Secure (3DS) authorization, transaction switching, clearing and settlement, reconciliation, and chargeback management. The platform is certified by major card networks including Visa, Mastercard, and RuPay, enabling it to serve regulated financial institutions at scale.
Recently, the startup launched a unified acquiring platform built as compliance-first infrastructure capable of processing more than 5,000 transactions per second. The platform allows banks and payment aggregators to manage end-to-end card and UPI acquiring through a single integration, simplifying operations while meeting evolving regulatory requirements.
“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.
Founder and CEO Mohanraj Ravi said the funding will help accelerate adoption of the company’s next-generation platform. “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, GrowthCap Ventures’ founder and general partner Pratekk Agarwaal highlighted the global relevance of India’s payments innovation. “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.”
