Mylapay Secures $1.0M Seed

Mylapay, incorporated as Mindeed Technologies and Services Pvt. Ltd., has announced it has raised $1.0 million in funding.

The fintech innovator, founded in May 2019, specializes in redefining the acquiring payment experience by operating as a payment processor and intermediary between acquirers and card networks.

The company facilitates critical payment functions including authentication, authorization, fund collection, reconciliation, and dispute resolution.

Mylapay’s future-ready payment rails for Cards and UPI are built on an ultra-secure, resilient, and scalable cloud-native infrastructure, designed to empower acquirers, banks, and aggregators to scale their operations confidently.

This capital infusion underscores investor confidence in Mylapay's technology and its potential to enhance payment processing efficiency and security.

Mylapay’s core offerings include 3DS Authentication, which ensures secure transactions and integrates advanced fraud prevention.

Its Authorization Switch provides fast, secure approvals with advanced business logic for high success rates.

Additionally, IntelleEngine optimizes post-authorization payment processing for both online and offline transactions, aiming to boost efficiency and profitability for clients.

The company also provides advanced analytics to help clients make data-driven decisions.

The $1.

0 million in funding is expected to accelerate Mylapay's growth initiatives, further develop its technological capabilities, and expand its market reach.

The company plans to invest in enhancing its platform and continuing its commitment to innovation, leveraging technology to ensure faster, safer, and smarter payment systems.

With this investment, Mylapay aims to strengthen its position in the fintech sector and continue its mission to redefine payment systems, making them more accessible and efficient for businesses thriving in the digital economy.