PayMate

company

About

PayMate is an Indian B2B payments fintech for Enterprise and SME across supply chains.

  • 101 - 250

Details

Last Funding Type
Series D
Last Funding Money Raised
$25M
Industries
B2B,Credit,Financial Services,FinTech,Mobile Apps,Payments,Transaction Processing
Founded date
May 12, 2006
Number Of Employee
101 - 250
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$25M
PayMate has raised a total of $25M in funding over 2 rounds. Their latest funding was raised on Jul 22, 2019 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 22, 2019 Series D $25M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
PayMate is funded by 1 investors. Recruit Strategic Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Recruit Strategic Partners Series D