OverviewSuggest Edit

PayMate is a company that develops a platform for automating and managing digital payments. It provides business to business (B2B) digital payment solutions, including vendor payments, customer payments, invoicing, and cash flow. The platform supports various forms of digital payment channels such as cards, net-banking, NEFT, RTGS, and IMPS.

HQMumbai, IN
Employee Ratings4.6

Latest Updates

Employees (est.) (Sept 2020)101
Cybersecurity ratingAMore

Key People/Management at PayMate

Ajay Adiseshann

Ajay Adiseshann

Founder & CEO
Ravi Vishvanathan

Ravi Vishvanathan

Ashutosh Verma

Ashutosh Verma

VP - Product Management
Mahesh Sharma

Mahesh Sharma

VP - Information Systems and Security
Nanda Harish

Nanda Harish

VP - Legal and Company Secretary
Sadanand Moily

Sadanand Moily

VP - Compliance and Risk
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PayMate Office Locations

PayMate has an office in Mumbai
Mumbai, IN (HQ)
111, A, Sundervilla, Next to Vijay Sales W S V Road, Santacruz
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PayMate Financials and Metrics

Summary Metrics

Founding Date


PayMate total Funding

$40.5 m

PayMate latest funding size

$25 m

Time since last funding

a year ago

PayMate investors

PayMate's latest funding round in July 2019 was reported to be $25 m. In total, PayMate has raised $40.5 m
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PayMate Cybersecurity Score

Cybersecurity ratingPremium dataset



SecurityScorecard logo

PayMate Online and Social Media Presence

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PayMate News and Updates


Visa invests in India-based B2B payments platform PayMate’s $25M round

Visa invests in India-based B2B payments platform PayMate’s $25M roundPayMate, a Mumbai-based startup that helps businesses automate and digitize their payments, is raising $25 million in a new round, its founder said, as it looks to expand its presence within India and in international markets.

[The Turning Point] How B2B payments startup PayMate overcame strict regulations to please marquee investors

In today's Turning Point, we look at B2B payments startup PayMate, which provides digital payments solutions for enterprises and SMEs.

PayMate Blogs

Top 5 things expected for SMEs in 2020

By Ravi Vishvanathan, CFO & Director, PayMate (@ravivishi) In the past year, we have seen several B2B payments and lending companies emerge with solutions around banking, expense management, accounting/bookkeeping, and AP + AR automation. Slowly, but steadily, businesses are adopting SaaS tools …

AI & B2B Payments Landscape — General Trends and Legal challenges

AI & B2B Payments Landscape — General Trends and Legal challengesBy Nanda Harish, VP — Legal and Company Secretary, PayMate (@NandaHarish146)Use of AI in paymentsArtificial Intelligence (“AI’’), was considered a technical utopia a few years ago, has now become a reality. In fact, AI has already …

Changing the financial landscape of UAE through technology

By Mangesh Kulkarni, Head of Engineering, PayMate (@kulman19)With the digitisation of banking and financial services across the world gathering momentum, banks in the UAE have started adopting digital solutions. Technological advancement has shown significant impact on banking activities like money …

GCC soaring into the world of FinTech

By Ashwin Shenoy, VP — Sales, CEMEA, PayMate (@ashwinshenoy12)‘Technology’ — the word itself opens up a world of opportunities & applications in our daily lives. Who would have thought in 2010 that life in 2019–20 would be controlled and driven by a single device? The way we connect with people,…

How can processes help to achieve milestones

By Mahesh Sharma, VP — Information Systems & Security at PayMate (@Msharma_21)PlanLearnBuildAll businesses across the globe follow this mantra regularly and rigorously in order to stay in the race and move forward. However, there are other certain factors such as pace at which businesses grow, c…
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PayMate Frequently Asked Questions

  • When was PayMate founded?

    PayMate was founded in 2006.

  • Who are PayMate key executives?

    PayMate's key executives are Ajay Adiseshann, Ravi Vishvanathan and Ashutosh Verma.

  • How many employees does PayMate have?

    PayMate has 101 employees.

  • Who are PayMate competitors?

    Competitors of PayMate include Razorpay, Citrus and Instamojo.

  • Where is PayMate headquarters?

    PayMate headquarters is located at 111, A, Sundervilla, Next to Vijay Sales W S V Road, Santacruz, Mumbai.

  • Where are PayMate offices?

    PayMate has an office in Mumbai.

  • How many offices does PayMate have?

    PayMate has 1 office.