# PayMate funding: rounds and investors > PayMate has raised $34M across 2 rounds since 2008. Investors include Visa, Kleiner Perkins Caufield & Byers and Mayfield Fund. Every round with its source. Source: https://millionrounds.com/company/paymate (Millionrounds; every figure on the page links to its filing or article) India · [Series D startup](https://millionrounds.com/companies) # Who invested in *PayMate* 2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Fintech Funding summary Updated 26 Oct 2026 **$34M** raised across 2 rounds since 2008, from 2 sources **$9.0M** Series B **$25M** Series D - **Latest round:** Series D, $25M Jul 2019 - **Led by:** Visa - **Step-up i:** 2.8× - **Investors:** 8 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2008 2010 2012 2014 2016 2018 **$9.0M** Series B **$25M** Series D - **First round:** Series B, $9.0M - **Biggest round:** $25M - **Between rounds:** 11.3 years ## The rounds - **Jul 2019** Series D **$25M** *5 new* [Visa](https://millionrounds.com/fund/visa) Lead [Recruit Strategic Partners](https://millionrounds.com/fund/recruit-strategic-partners) [Brand Capital](https://millionrounds.com/fund/brand-capital) [Mayfair 101](https://millionrounds.com/fund/mayfair-101) Times Group Reported by Ibsintelligence - **May 2008** Series B **$9.0M** *3 new* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Sherpalo Ventures](https://millionrounds.com/fund/sherpalo-ventures-llc) Reported by paynet-recruitment.com ## Founders and team From PayMate's own website: 5 on the team. - **Swapnil Shah** CEO - **Logistic Plus** Managing Director - **Mr. Partha Sarathi** IBM Key Account Manager - **Suchit Sehgal** Managing Director - **Chavi Jafa** Team ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2008 **Series D** 2019 [Visa](https://millionrounds.com/fund/visa) L [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Sherpalo Ventures](https://millionrounds.com/fund/sherpalo-ventures-llc) [Recruit Strategic Partners](https://millionrounds.com/fund/recruit-strategic-partners) [Brand Capital](https://millionrounds.com/fund/brand-capital) [Mayfair 101](https://millionrounds.com/fund/mayfair-101) Times Group ## Everyone who backed them [Visa](https://millionrounds.com/fund/visa) Corporate VC **1** round, led 1 [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) VC firm **1** round [Mayfield Fund](https://millionrounds.com/fund/mayfield) VC firm **1** round [Sherpalo Ventures](https://millionrounds.com/fund/sherpalo-ventures-llc) Angel network **1** round [Recruit Strategic Partners](https://millionrounds.com/fund/recruit-strategic-partners) Investment firm **1** round [Brand Capital](https://millionrounds.com/fund/brand-capital) Corporate VC **1** round [Mayfair 101](https://millionrounds.com/fund/mayfair-101) Growth equity **1** round Times Group no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=paymate). ## Quick answers about PayMate ### Who invested in PayMate? PayMate's investors include Visa, Kleiner Perkins Caufield & Byers, Mayfield Fund, Sherpalo Ventures and Recruit Strategic Partners, and 3 more on record. Visa led its latest round. ### How much has PayMate raised? PayMate has raised $34M across 2 rounds since 2008. ### When did PayMate last raise? PayMate's most recent round was a Series D of $25M in Jul 2019, led by Visa. ### What was PayMate's biggest round? Its most recent round, $25M in Jul 2019, is also its largest on record. ### Who backed PayMate first? PayMate's first round on record, in May 2008, was backed by Kleiner Perkins Caufield & Byers, Mayfield Fund and Sherpalo Ventures. ### What stage is PayMate at? PayMate's latest named round is a Series D, in Jul 2019. ### Where is PayMate based? PayMate is based in India. ### Who led PayMate's rounds? Visa led the Series D in 2019. ## Companies like PayMate In the same sector, and raised in the last eighteen months. [**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**NeoGrowth** $99M · Oct 2026](https://millionrounds.com/company/neogrowth)[**StockGro** $28M · Oct 2026](https://millionrounds.com/company/stockgro)[**Jeeves** $210M · Sept 2026](https://millionrounds.com/company/jeeves)[**Kissht** $97M · Sept 2026](https://millionrounds.com/company/kissht)[**Navi** $100M · Aug 2026](https://millionrounds.com/company/navi) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app