Mylapay is a Chennai-based startup that builds core payment processing systems covering 3-D Secure authorisation, switching, clearing and settlement, and reconciliation. The company’s platform, certified by Visa, Mastercard, and RuPay, recently launched as a unified acquiring solution enabling banks and payment aggregators to handle both card and UPI transactions via a single integration. Engineered to process more than 5,000 transactions per second, the system emphasizes compliance-led, modular design. Founder Mohanraj Ravi plans to use new capital to fortify the payment infrastructure, expand the product stack, and deepen integrations with banks and payment aggregators. Future growth initiatives include international expansion across the Middle East, Africa, and the United States. Financially, the firm had previously attracted $550,000 in seed funding and has now added $1 million in fresh capital as it gears up for a full Series A later this year.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2026