#paymate

Business-to-business digital payment solutions provider PayMate has scooped up $25 million in its Series D round from Visa, Recruit Strategic Partners, and Brand Capital. Existing investor Mayfair 101 also participated in the round that will be completed by the next two months.

PayMate, an early pioneer in India’s payment industry and a leading player in electronic Business-to-Business (B2B) payments space, announced today, that its innovative, cloud based, payments platform has been selected by Visa to help transform the way Visa corporate customers manage their financial supply chain.

Large Enterprise and SME’s in India are increasingly using PayMate to automate their payments and improve efficiency for their businesses. Now they have the ability to seamlessly access credit on India’s leading Business-to-Business (B2B) electronic payments platform, adding further value and efficiency to their business. This follows the company’s recent announcement that it is experiencing significant growth and is processing in excess of $2B in B2B e-payments on an annualized basis.  

PayMate India is transforming the way businesses pay and get paid. As India’s leader in Business-to-Business (B2B) electronic payment processing solutions, it is experiencing significant growth in its business. With the introduction of new services and an expansion into new verticals, PayMate is now processing in excess of $2B in annualized Gross Processing Volume (GPV).