Mylapay – Revolutionizing Payment Processing

In the rapidly evolving world of fintech, Mylapay stands out as a transformative player redefining payment processing in India. Founded by Mohanraj Ravi, Santhana Kumar, and Sundar Balasubramanian, this Chennai-based startup integrates over 50 years of collective experience in the payment domain to tackle the challenges of traditional payment systems with cutting-edge innovation.

What Mylapay Brings to the Table

Mylapay is India’s first fully integrated tech ecosystem for payment acquiring. It delivers an end-to-end automated solution for the entire card payment cycle, encompassing processing, reconciliation, and settlement. By leveraging cloud technology and intelligent processing, Mylapay not only simplifies transactions but also enhances transparency and efficiency for businesses.

Their platform enables businesses to manage payments seamlessly, offering tools for both online and offline environments. The company is particularly focused on providing solutions tailored to small and medium-sized enterprises (SMEs), ensuring accessibility to robust payment infrastructure at competitive costs.

The Visionary Founders

Each of Mylapay’s co-founders brings distinct expertise to the table:

1. Mohan Raj Ravi: A strategist with a deep understanding of payment cycles and their complexities.
2. Santhana Kumar: A technology leader ensuring the platform is equipped with the latest advancements in fintech.
3. Sundar Balasubramanian: A visionary focused on business development and scaling operations.

Their shared vision to revolutionize the fintech industry is reflected in Mylapay’s rapid growth and strong customer base.

Milestones and Achievements

• Mylapay raised ₹4.6 crore in seed funding led by CDM Capital, a testament to its promising business model and potential.
• It has carved a niche in the payment ecosystem by addressing the fragmented nature of payment processing in India, helping businesses achieve better financial control and operational efficiency​
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Why Mylapay is a Disruptor

Mylapay’s mission to democratize payment processing positions it as a key disruptor in the fintech landscape. By addressing critical bottlenecks with innovative solutions, it empowers businesses of all sizes, ensuring inclusivity and economic growth. Its holistic approach to payment management sets a benchmark for competitors and reflects its commitment to driving change in the industry.