Mylapay raises $1m to expand payment infrastructure

January 5, 2026

Mylapay, which offers payment enablement and infrastructure, has raised $1m as part of its ongoing capital round ahead of an upcoming Series A.

The funding round includes participation from investors associated with CDM Capital, Saison Capital, 77 Capital, and GrowthCap Ventures.

Founded in 2019 and incorporated as Mindeed Technologies and Services, the company has positioned itself as a specialist in building modern, compliant, and scalable payment systems for banks and payment institutions.

Mylapay plans to use the funding to strengthen its core infrastructure, expand its product suite, deepen partnerships with banks and payment aggregators, and support its geographic expansion across the Middle East, Africa, and the US markets.

Mylapay operates as a payment processor and intermediary between acquirers and card networks, helping financial institutions modernise their acquiring capabilities. The company facilitates critical payment functions including authentication, authorisation, fund collection, reconciliation, and dispute resolution.

The company’s platform delivers future-ready payment rails for cards and UPI, built on an ultra-secure, cloud-native infrastructure.

Mylapay’s product suite includes 3DS authentication, which provides secure and seamless payments while integrating advanced fraud prevention and data-driven insights. Its authorisation switch is designed for fast and secure approvals, combining advanced business logic with value-added services to drive higher transaction success rates.