Mayfair 101

Visa invests alongside Mayfair 101 in PayMate US$25mln round

Mayfair 101's James Mawhinney spoke to Proactive London's Andrew Scott following the announcement that Visa is to invest alongside them in a US$25mln funding round for PayMate.

Mumbai-based PayMate helps businesses automate and digitise their payments.

Mawhinney says Mayfair 101's been an investor into PayMate India for nearly three years.

''When we first engaged with the company their transaction volume was just north of US$1bn and we're pleased to say that in the most recent financial year they'd processed a total of US$5bn in payments''.

''Due to the significant growth, they've seen revenue growth now of over 400%''.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mayfair 101 named herein, including the promotion by the Company of Mayfair 101 in any Content on the Site, the Company receives from said...



ING's Chief Economist & Mayfair 101 Advisory Board Member - Banking Trends,...

Mark Cliffe, ING's Chief Economist & Mayfair 101 Advisory Board Member - talks to Proactive London about Banking Trends, Interest Rates, Investor Trends and Emerging Markets. The company says Cliffe will help steer the business on behalf of investors, to make sure the company is investing...

3 weeks, 1 day ago

2 min read