PayMatrix Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 17

Employees

  • Latest Deal Type
  • M&A

PayMatrix General Information

Description

Developer of a rent management platform designed to revolutionize the rentals that are paid in India. The company's platform offers end-to-end rent management including tenant screening, credit facilitation for rent deposits, rent documentation, rent automation, renters and landlords insurance and also facilitates interaction between tenants and landlords, enabling users to pay rent on credit, generate rent receipts, and rent agreements online and avail several related services.

Contact Information

Website
www.paymatrix.in
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • CIE, Vindhya C-4
  • IIIT-Hyderabad, Gachibowli
  • Hyderabad, Telangana 500032
  • India
Primary Industry
Application Software
Other Industries
Real Estate Services (B2C)
Other Financial Services
Acquirer
Muthoot Fincorp
Vertical(s)
FinTech, Real Estate Technology
Corporate Office
  • CIE, Vindhya C-4
  • IIIT-Hyderabad, Gachibowli
  • Hyderabad, Telangana 500032
  • India

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PayMatrix Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
13. Merger/Acquisition 22-Jun-2021 Completed Generating Revenue
12. Accelerator/Incubator 23-Jul-2019 Completed Generating Revenue
11. Accelerator/Incubator Completed Generating Revenue
10. Early Stage VC 27-Nov-2018 Completed Generating Revenue
9. Seed Round 25-Jan-2018 Completed Generating Revenue
8. Accelerator/Incubator Completed Generating Revenue
7. Accelerator/Incubator 05-Sep-2017 Completed Generating Revenue
6. Accelerator/Incubator 21-Jul-2017 Completed Generating Revenue
5. Seed Round 01-Nov-2016 $40K $118K Completed Generating Revenue
4. Accelerator/Incubator 28-Oct-2016 $77.7K Completed Generating Revenue
To view PayMatrix’s complete valuation and funding history, request access »

PayMatrix Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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PayMatrix Former Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds
10,000 Startups-NASSCOM Accelerator/Incubator
Astralabs Accelerator/Incubator
Axis Bank Corporation Minority
Dubai Smart City Accelerator Accelerator/Incubator Minority
IIIT-H Foundation Accelerator/Incubator Minority
You’re viewing 5 of 13 investors. Get the full list »

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PayMatrix FAQs

  • When was PayMatrix founded?

    PayMatrix was founded in 2015.

  • Where is PayMatrix headquartered?

    PayMatrix is headquartered in Hyderabad, India.

  • What is the size of PayMatrix?

    PayMatrix has 17 total employees.

  • What industry is PayMatrix in?

    PayMatrix’s primary industry is Application Software.

  • Is PayMatrix a private or public company?

    PayMatrix is a Private company.

  • What is PayMatrix’s current revenue?

    The current revenue for PayMatrix is .

  • How much funding has PayMatrix raised over time?

    PayMatrix has raised $222K.

  • Who are PayMatrix’s investors?

    10,000 Startups-NASSCOM, Astralabs, Axis Bank, Dubai Smart City Accelerator, and IIIT-H Foundation are 5 of 13 investors who have invested in PayMatrix.

  • When was PayMatrix acquired?

    PayMatrix was acquired on 22-Jun-2021.

  • Who acquired PayMatrix?

    PayMatrix was acquired by Muthoot Fincorp.

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