Mylapay: Funding, Investors & Team (Aug 2026)
Mylapay, a burgeoning fintech startup, was founded in 2019 and operates under the name 'Mindeed Technologies and Services Pvt Ltd'. Its founding team, which includes former employees of Hitachi and Worldline, boasts a combined experience of over 50 years in the payment industry. The company is officially registered with the DIPP as part of the Startup India initiative, indicating its dedication to pioneering financial technology solutions. Mylapay specializes in creating advanced payment solutions that simplify the entire card payment process. Its goal is to redefine the payment processing experience through its primary product lineup: 3DS-Authentication, which elevates payment security to an art form; Authorization Switch, a reliable solution that prioritizes speed and security, resulting in high success rates and prompt approvals; and IntelleEngine-Transaction Processing System, an all-in-one platform that manages every aspect of post-authorization transaction processing. Mylapay aspires to become a comprehensive technological ecosystem for all acquiring payment processing requirements. Its cloud-based solutions empower Payment Aggregators and Banks worldwide by providing them with complete payment processing capabilities. With Mylapay, customers can access a one-stop-shop for all their payment solutions, ensuring smoother transaction experiences than ever before.
Mylapay has raised $550k across 1 funding round on record, the most recent a Seed of $550k announced in Dec 2023.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Mylapay Company Profile and Key Stats
Latest funding round on record: Dec 2023.
Mylapay Funding Rounds
Mylapay Founders and Leadership Team
No contact details are on record for this team yet.
Mylapay Funding Compared to Other Financial Services Startups
Mylapay's latest round of $550k is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Mylapay Funding FAQs
What does Mylapay do?
Mylapay, a burgeoning fintech startup, was founded in 2019 and operates under the name 'Mindeed Technologies and Services Pvt Ltd'. Its founding team, which includes former employees of Hitachi and Worldline, boasts a combined experience of over 50 years in the payment industry. The company is officially registered with the DIPP as part of the Startup India initiative, indicating its dedication to pioneering financial technology solutions. Mylapay specializes in creating advanced payment solutions that simplify the entire card payment process. Its goal is to redefine the payment processing experience through its primary product lineup: 3DS-Authentication, which elevates payment security to an art form; Authorization Switch, a reliable solution that prioritizes speed and security, resulting in high success rates and prompt approvals; and IntelleEngine-Transaction Processing System, an all-in-one platform that manages every aspect of post-authorization transaction processing. Mylapay aspires to become a comprehensive technological ecosystem for all acquiring payment processing requirements. Its cloud-based solutions empower Payment Aggregators and Banks worldwide by providing them with complete payment processing capabilities. With Mylapay, customers can access a one-stop-shop for all their payment solutions, ensuring smoother transaction experiences than ever before.
How much funding has Mylapay raised?
Mylapay has raised $550k across 1 round on record. The most recent is a Seed of $550k announced in Dec 2023.
When did Mylapay last raise funding?
Mylapay's most recent funding round on record is a Seed of $550k, announced in Dec 2023.
Who is the CEO of Mylapay?
Mohanraj Ravi is listed as CEO at Mylapay.
Where is Mylapay headquartered?
Mylapay is based in Chennai, Tamil Nadu, India.
How many employees does Mylapay have?
Mylapay is in the 11-50 employee band.
How does Mylapay's funding compare to other Financial Services startups?
Mylapay's latest round of $550k is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Mylapay Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Mylapay is left off this page rather than filled in.
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