PayMate
PrivateLast Round
VC Round
Mar 29, 2025
Est. Valuation
$940M
Total Funding Raised
$45.49M
Company Overview
PayMate is a fintech company that provides a wireless transactions platform designed to revolutionize the digital payment system in India by enabling SMS-based payments and creating a comprehensive ecosystem for managing vendor and customer transactions.
Sector
FinTech
Verticals
Digital Payments, Lending & Credit, Workflow Automation, Accounting & Expense
Business Model
B2B
Customer Profile
Payment Processing Fee, Subscription SaaS, Marketplace Commission
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PayMate Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
PayMate Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| VC Round | Mar 29, 2025 | ||||
| Private Equity | Sep 17, 2021 | ||||
| Series D | Jul 22, 2019 | ||||
| Series C | Oct 12, 2017 | ||||
| Series B | Jun 10, 2008 | ||||
Series A | Jul 8, 2006 |
PayMate Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Sherpalo Ventures | Series B, Series A |
| Mayfair 101 | Series C, Series D |
| Recruit Strategic Partners | Series D |
| Murugan Capital | Series A |
| Crimson Ventures | VC Round |
| Felicitas Global Partners | Private Equity |
| Brand Capital | Series D |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 14, 2025
Job posting reveals partnership with Bharat Connect, operating unit on NBBL-NPCI platform.
- Sep 29, 2025
Added DuNoMo Limited as a customer
PayMate Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about PayMate's valuation, stock price, and market status.