• Mayfair 101

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

Updated: Nov 13, 2019

Global Digital payments company PayMate India has announced plans for global expansion with its series D fundraising round, led by Mayfair 101.


Mayfair 101’s Group Managing Director James Mawhinney advised that credit card payments giant Visa and Japanese investor, Recruit, will also participate in the US$25m fundraising round for PayMate.


Mumbai-based PayMate helps businesses automate and digitise their payments and due to significant growth have seen an increase of over 400% in revenue.


''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 had processed a total of US$5bn in payments.’’


“1.4 billion people live in India that’s a quarter of the worlds population, you can’t deny that there is significant growth potential there”, said Mr Mawhinney.


PayMate play a pivotal role in supporting the growth of developing economies, Mayfair 101 is delighted to return for a third time to lead their series D fundraising round.



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This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

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