PayMate
PrivateLast Round
VC Round
Mar 29, 2025
Est. Valuation
$940M
Total Funding Raised
$45.49M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
PayMate operates in FinTech and is based in Mumbai, Maharashtra. Its latest recorded funding round was a Private Equity round in September 2021.
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, Corporate Banking, Accounting & Expense
Business Model
B2B
Customer Profile
Payment Processing Fee, Subscription SaaS, Marketplace Commission
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PayMate Comparables
Compare PayMate with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| MakeMyTrip | 81% | |
| EnKash | 80% | |
| CRED | 78% |
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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 |
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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 |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 21, 2026
Monthly visitors increased 42% MoM, reaching 2.7K.
- Oct 14, 2025
Job posting reveals partnership with Bharat Connect, operating unit on NBBL-NPCI platform.
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PayMate Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about PayMate's valuation, stock price, and market status.
Is PayMate a public or private company?
PayMate is a private company.
What is the current stock price of PayMate?
PayMate is a private company, so its shares have no public market price. Caplight tracks PayMate's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is PayMate worth (valuation)?
PayMate's valuation is estimated at $940.0M based on funding round data.
Can I buy PayMate stock?
PayMate shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was PayMate's last funding round?
PayMate's most recent funding round was VC Round on March 29, 2025.
Who are the main investors in PayMate?
Key investors in PayMate include Sherpalo Ventures, Murugan Capital, Crimson Ventures, Felicitas Global Partners, Kleiner Perkins.
Will PayMate IPO soon?
No public IPO plans have been announced for PayMate.
How can I track PayMate secondary market activity?
Caplight tracks bids, offers, and trades in PayMate's shares on secondary markets.