Paymatrix
Company

Last deal

$100K

Amount

Seed

Stage

26.11.2018

Date

3

all rounds

$407.6K

Total amount

Financing round

General

About Company
Paymatrix provides short-term credit to individuals and businesses using credit cards.

Industry

Sector :

Subsector :

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Users can pay for all their expenses and bills, such as rent, tuition fees, and vendor bills, using their credit card. They can enjoy a credit-free period of up to 50 days, earn rewards and miles, and receive cashbacks of up to 5% from payment partners. Paymatrix also offers end-to-end rent management services, including tenant screening, credit facilitation, and rent automation. The company has processed over 280 crores worth of credit and has a user base of 99,000 across 12 cities. Paymatrix has won several awards and has been incubated by Paypal, T-hub, IIIT Foundation, and NASSCOM 10K Startup.
Contacts
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M&A Details
1

Acquired by

Muthoot Fincorp Limited

announced date

21.06.2021

Financials

Funding Rounds
6
3

Number of Funding Rounds

$407.6K

Money Raised

Their latest funding was raised on 26.11.2018. Their latest investor Xseed Partners. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
25.01.2018
2
$92.4K
02.11.2017
$40K
SucSEED Venture Partners

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Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

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count Of Investments

36

count Of Exists

2
IIIT-H Seed Fund

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Investment Banking and Brokerage Services

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Co-Investors
Investors
3
2

Number of lead investors

3

Number of investors

Investor 
Lead 
Round 
Partners 
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IIIT-H Seed Fund

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Subsector

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count Of Investments

36

count Of Exists

2

People

Founders
3
Anusha Kurupathi Parambil
Anusha Kurupathi Parambil

Anusha Kurupathi Parambil

current job

Paymatrix
Paymatrix

organization founded

1

Anusha Kurupathi Parambil

Muralidhar Nayak
Muralidhar Nayak

Muralidhar Nayak

current job

Paymatrix
Paymatrix

organization founded

1

Muralidhar Nayak

Mukesh Chandra Anchuri
Mukesh Chandra Anchuri

Mukesh Chandra Anchuri

Mukesh Chandra Anchuri is the Co-founder and CEO at Paymatrix. He attended S P Jain School of Global Management.

current job

Paymatrix
Paymatrix

organization founded

1

Mukesh Chandra Anchuri

Employee Profiles
3
Anusha Kurupathi Parambil

Anusha Kurupathi Parambil

Chief Marketing Officer

Mukesh Chandra Anchuri

Mukesh Chandra Anchuri

Chief Executive Officer & Co-Founder

Muralidhar Nayak

Muralidhar Nayak

Co-Founder, Chief Technology Officer & CIO

Activity

Recent News
0