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PayMate logo — Global B2B Payments Simplified

PayMate

Global B2B Payments Simplified

Founded 2006 India Mumbai, India 100 employees Series D Total: $40.50M B2B, Finance +4

General Information

Company Name PayMate
Founded Year 2006
Location India Mumbai, India
Employees 100
Industries B2B, Finance, Financial Services +3
Funding Stage Series D
Business Model B2B, Platform, API
Revenue Model Transaction Fee, Service Fee, Commission
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About PayMate

PayMate, founded in 2006 and headquartered in India, is an innovative fintech company focusing on simplifying B2B payments for enterprises and SMEs across supply chains. With the slogan "Global B2B Payments Simplified", the company offers a platform delivering a digital workflow integrated with payments to enhance transparency and control, improving cash flow management for clients involved in closed-loop supply chains.

Collaborating with leading Visa commercial card-issuing banks, PayMate transitions traditional payment methods like cash and cheques to card-based systems, offering extended payables and risk mitigation benefits. Key platform features include Procure to Pay automation, credit evaluation, and a discount marketplace, all supported by cloud-based accessibility and seamless integration capabilities.

Operating in South Asia and the UAE, PayMate is expanding across the CEMEA region. Their latest funding round was a $25.00M Series D investment on 22 July 2019, backed by investors such as Brand Capital, Recruit Strategic Partners, Mayfair 101, and Visa.

Business keywords: B2B Payments, Enterprise Payment Solutions, SME Payment Solutions, Digital Workflow, Procure to Pay Automation, Supply Chain Finance, Payment Reconciliation, Commercial Card Payments, Risk Mitigation, Credit Facilitation, Discount Marketplace, ERP Integration, Cloud-Based Platform, Cash Flow Management, Payment Automation

Services & Products

Payments Automation
Procure-to-Pay Integrations
Invoice Discounting
Credit Engine Analysis

Target Customers

Large Enterprises Corporate Clients Supply Chain Professionals Logistics Companies

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series D $25.00M 4
Brand Capital Recruit Strategic Partners Mayfair 101
Brand Capital, Recruit Strategic Partners +2
22 Jul 2019
Series C $1.50M 1
Mayfair 101
Mayfair 101
06 May 2018
Venture Round Undisclosed 2
Lightbox
Lightbox, Mayfield Fund
26 Nov 2014
Series B $9.00M 3
Kleiner Perkins Sherpalo Ventures
Kleiner Perkins, Sherpalo Ventures +1
01 Jun 2008
Series A $5.00M -
01 Jul 2006

PayMate Alternatives & Competitors

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PayMate vs
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Banqup Deutschland (Unifiedpost DE)
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FAQ About PayMate

Global B2B Payments Simplified
PayMate was founded in 2006.
PayMate is headquartered in Mumbai, India.
PayMate operates in B2B, Finance, Financial Services, Fintech, Mobile and Payments. Its work centres on B2B Payments, Enterprise Payment Solutions, SME Payment Solutions and Digital Workflow. Its customers include Large Enterprises, Corporate Clients and Supply Chain Professionals.
PayMate has a B2B, Platform and API business model. Its revenue comes from Transaction Fee, Service Fee and Commission.
PayMate has approximately 100 employees.
PayMate has completed 5 funding rounds, raising a total of $40.50M. The latest funding stage is Series D.
PayMate offers: Payments Automation, Procure-to-Pay Integrations, Invoice Discounting, Credit Engine Analysis.
Top alternatives and competitors to PayMate include Plastiq, PrimeRevenue, Banqup Deutschland (Unifiedpost DE), Wonderful, Tranch. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PayMate and Plastiq are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for PayMate, https://bouncewatch.com/company/paymate, updated 1 February 2026. When citing, please name BounceWatch and link this page.

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