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.

TypePrivate
Founded2006
HQMumbai, IN
Websitepaymate.in
Employee Ratings4

Latest Updates

Employees (est.) (Jul 2021)100(+2%)
Cybersecurity ratingAMore

Key People/Management at PayMate

Ajay Adiseshann

Ajay Adiseshann

Founder & CEO
S. Vishvanathan

S. Vishvanathan

CFO & Director
Ashutosh Verma

Ashutosh Verma

SVP - Product Management
Mahesh Sharma

Mahesh Sharma

VP - Information Systems and Security
Dean Gonsalves

Dean Gonsalves

SVP - Design and Innovation
Nanda Harish

Nanda Harish

VP - Legal and Company Secretary
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PayMate Office Locations

PayMate has an office in Mumbai
Mumbai, IN (HQ)
Sundervila, SV Rd, Hasmukh Nagar, Santacruz West
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PayMate Financials and Metrics

Summary Metrics

Founding Date

2006

PayMate total Funding

$40.5 m

PayMate latest funding size

$25 m

Time since last funding

2 years 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

A

96/100

SecurityScorecard logo

PayMate Online and Social Media Presence

Embed Graph

PayMate News and Updates

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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

Commercial cards for overdue supplier payments

By Minella Dsouza, Customer Engagement Lead — UAE (Minella D'souza)The timing of making payments to suppliers has stretched increasingly and a recent survey by Atradius in the UAE cited that 60% of B2B invoices remain unpaid. These late payments are hitting suppliers harder thereby creating a domino…

Capital through invoice discounting

Invoice discounting platforms allow enterprises to make early payments to their suppliers at a discountAjay Adiseshann, Founder & CEO, PayMate (@aj_meister)Over the last six months, businesses globally have been forced to navigate through uncharted terrain where managing working capital has beco…

Reboot and Revive with Invoice Discounting

Ravi Vishvanathan, CFO, PayMate (@ravivishi) When it comes to survival, oxygen is essential whereas, for small businesses cashflow becomes their lifeline. However, this lifeline usually gets disrupted due to longer credit periods enjoyed by large enterprises (buyers) that lock their supplier paymen…

Automation of ARAP (Accounts Payables Accounts Receivables)

By Nilesh Dadpe, VP — Sales & Partnerships, PayMate (@NileshDadpe)Accounts payable is the money a company owes to its vendors, while accounts receivable is the money that is owed to the company, typically by customers.Automation of ARAP on PayMateOur Account Receivables (AR) feature makes PayMat…

Importance of Auto-reconciliation in reports

By Sadanand Moily, SVP — Compliance and Risk, PayMate (@moilysada)Auto reconciliation enables the matching of transactions within two sets of data. For every business, the reconciliation plays a very important role.Auto reconciliation on PayMate reduces efforts by over 70%How is PayMate changing thi…

Using commercial cards to extend Days Payables Outstanding

By Nilesh Dadpe, VP — Sales & Partnerships, India (@NileshDadpe)Commercial cards are used for supplier payments by large corporates.What is a commercial card?A commercial card is an unsecured line of credit extended by a credit card issuing bank to any eligible corporate.These cards offer a stan…
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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, S. Vishvanathan and Ashutosh Verma.

  • How many employees does PayMate have?

    PayMate has 100 employees.

  • Who are PayMate competitors?

    Competitors of PayMate include Razorpay, Citrus and Instamojo.

  • Where is PayMate headquarters?

    PayMate headquarters is located at Sundervila, SV Rd, Hasmukh Nagar, Santacruz West, Mumbai.

  • Where are PayMate offices?

    PayMate has an office in Mumbai.

  • How many offices does PayMate have?

    PayMate has 1 office.