PayMate India

b2b fintech

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FOUNDING YEAR: 2006

LOCATION:

India

REGION:

Maharashtra

Last Update:
18 Oct, 2019

Description

PayMate Express provides the simple and secure payment solution for small businesses to accept and make payments via: 1)Cards - Payments with American Express, Mastercard and Visa cards. 2)Banks - Pay through IMPS/NEFT/RTGS

FOCUS

PRODUCTS & SERVICES:

Mobile banking, Mobile payments, Mobile commerce, Mobile wallet, IMPS services for banks, Payment solutions for travel industry.

REVENUE MODEL:

Viewable by subscribers only

MAIN CLIENTS:

Small and Medium Businesses

EXISTING PARTNERSHIPS:

SyndicateBank, South Indian Bank, Dena Bank, Tamilnad Mercantile Bank Ltd, Lakshmi Vilas Bank, Pallavan Grama Bank, IndiGo, spiceJet, AVIS, ECO, Car Club, Jagruthi Cabs, ICICI Bank, Kotak, Corporation Bank, Union Bank of India, carzonrent, Andhra Bank, Saswad Tours&Travel, ORIX, WTI Travel&Rentals, Kesari, SOTC, Bank of Baroda, Bank of Ceylon, Bank of India, DCB Bank, DhanlaxmiBank, Federal Bank, IDBI Bank, Indian Overseas Bank, Induslnd Bank, ING VYSYA Bank, Karnataka Bank Ltd, Karur Vysya Bank, Oriental Bank of Commerce, Standard Chartered, TSYS, Vijaya Bank, Citizens Bank International Ltd

COMMENT

A B2C and B2B payments platform enabling banks and merchants to provide digital transaction services.

PEOPLE

FOUNDERS:

Ajay Adiseshann, Probir Roy

Board Members and Advisors:

Alex Kuruvilla, Dr. Safwan Shah, Ajay Adiseshann

NUMBER OF EMPLOYEES:

51-200

INVESTORS:

Kleiner, Perkins, Caufield & Byers, Mayfield Fund, Sherpalo Ventures, Lightbox

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$14 Million

FUNDING SERIES:

SERIES A

$5 Millions Closed: Jul 2006

SERIES B

$9 Millions Closed: Jun 2008

LISTED:

LATEST RESEARCH

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