Mylapay raises $1M to scale its payment infrastructure platform

Mylapay, a Chennai-based payment infrastructure startup founded by Mohanraj Ravi, Sunder Balasubramanian and Santhanakumar D has raised $1 million ahead of its Series A round. Investors include CDM Capital, Credit Saison, and GrowthCap Ventures led by Pratekk Agarwaal. The funds will enhance Mylapay’s payment infrastructure, expand its product stack, deepen bank integrations, and support international expansion. Mylapay’s platform manages backend payment processing, including 3DS authorization and reconciliation, and is certified by Visa, Mastercard, and RuPay. Their unified acquiring platform handles over 5,000 transactions per second, focusing on compliance-led, modular payment processing.