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PayMate (India)

Description

Provider of wireless transactions platform designed to transform the way businesses pay and get paid in India. The company's wireless transactions platform offers SMS based payment service allowing customers to use their mobile phones as their credit or debit card to make payments online, over the phone, across the counter, or from anywhere, as well as create a viable ecosystem for wireless transactions connecting banks, switches, merchants, and customers, enabling business customers to automate and seamlessly manage vendor payments (AP), customer payments (AR), invoicing and cash flow.

2006

Founded

PRIVATE

Status

51-200

Employees

2ndary - Private

Latest Deal Type

$14M

Total Amount Raised

2

Investors

Description

Provider of wireless transactions platform designed to transform the way businesses pay and get paid in India. The company's wireless transactions platform offers SMS based payment service allowing customers to use their mobile phones as their credit or debit card to make payments online, over the phone, across the counter, or from anywhere, as well as create a viable ecosystem for wireless transactions connecting banks, switches, merchants, and customers, enabling business customers to automate and seamlessly manage vendor payments (AP), customer payments (AR), invoicing and cash flow.

Website:

www.paymate.in

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Application Software

Other Industries

Business/Productivity Software

Primary Office

111, 1st Floor, A - Wing, Sundervila, Swami Vivekanand Road Hasmukh Nagar, Santacruz West Mumbai, Maharashtra 400054India +91 (0)22 2661 6170
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PayMate (India) Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

PayMate (India) Investors (2)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
LightboxVenture CapitalMinority000 0000000 0000
Mayfield FundVenture CapitalMinority000 0000000 0000
Lightbox Venture Capital
Mayfield Fund Venture Capital

PayMate (India) Executive Team (10)

NameTitleBoard
Seat
Contact
Info
Ravi VishvanathanChief Financial Officer
Dhruv SinghSenior Vice President of Strategy and Business Development & Chief Operating Officer
Ajay AdiseshannCo-Founder, Managing Director and Owner
Probir RoyCo-Founder, Promoter & Executive Director
Sadanand MoilyVice President, Compliance and Risk & Manager, Finance
Ravi Vishvanathan Chief Financial Officer
Dhruv Singh Senior Vice President of Strategy and Business Development & Chief Operating Officer
Ajay Adiseshann Co-Founder, Managing Director and Owner
Probir Roy Co-Founder, Promoter & Executive Director
Sadanand Moily Vice President, Compliance and Risk & Manager, Finance

PayMate (India) Board Members (1)

NameRepresentingRoleSinceContact
Info
Nikhil KhattauMayfield FundManaging Director000 0000
Nikhil Khattau Managing Director Mayfield Fund
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