PayMate is an Indian B2B payments fintech for Enterprise and SME across supply chains.
PayMate is a leader in B2B payments for Enterprise and SME across supply chains. The PayMate platform provides a comprehensive digital workflow tied to payments which enable greater control and transparency along with better cash flows and an end to end reconciliation for a superior experience for Enterprise and SME in closed-loop supply chains.PayMate works with leading Visa commercial card-issuing banks to facilitate credit for both payables and receivables across supply chains moving traditional cash, cheque and EFT to card streams with several built-in risk-mitigating benefits for banks and extended days payables for buyers.Platform features include Procure to Pay automation, credit evaluation, discount marketplace along with APIs for integration into existing accounts/ERP for minimal friction-based deployment. It is cloud-based and accessible across all form factors.PayMate has a presence in South Asia (India) and UAE and is actively expanding across CEMEA.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jul 22, 2019 | Series D | $25M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Recruit Strategic Partners | — | Series D |