Details

Last Funding Type

Series D

Last Funding Money Raised

$25M

Industries

B2B,Credit,Financial Services,FinTech,Mobile Apps,Payments,Transaction Processing

Founded date

May 12, 2006

Number Of Employee

101 - 250

Operating Status

Active

PayMate is a leader in B2B payments for Enterprise and SME across supply chains. The PayMate platform provides a comprehensive digital workflow tied to payments which enable greater control and transparency along with better cash flows and an end to end reconciliation for a superior experience for Enterprise and SME in closed-loop supply chains.
PayMate works with leading Visa commercial card-issuing banks to facilitate credit for both payables and receivables across supply chains moving traditional cash, cheque and EFT to card streams with several built-in risk-mitigating benefits for banks and extended days payables for buyers.
Platform features include Procure to Pay automation, credit evaluation, discount marketplace along with APIs for integration into existing accounts/ERP for minimal friction-based deployment. It is cloud-based and accessible across all form factors.
PayMate has a presence in South Asia (India) and UAE and is actively expanding across CEMEA.