Paymate’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)

PayMate, co-founded by Ajay Adiseshann, Probir Roy, and Vishvanathan Subramanian, is a leading B2B payments and working capital solutions provider transforming enterprise payment automation in India. Established in 2006, PayMate empowers businesses to automate their supply chain payments, vendor payouts, and overall payable workflows through an integrated card-based and digital platform. The company works closely with major banks and card networks to facilitate seamless B2B payments while also offering supply chain financing options, helping businesses improve cash flow and extend credit cycles. PayMate’s platform integrates deeply with ERP and accounting systems, providing end-to-end visibility and control over financial operations. Over the years, PayMate has scaled significantly, expanding its footprint to Middle East and Southeast Asia, and continues to innovate in areas like invoice discounting and credit solutions. Its strong partnerships with Visa and leading financial institutions underpin its growth trajectory and market leadership in enterprise payment solutions.

PayMate’s revenue has grown steadily from ~$110 million in FY22 to ~$140 million in FY23, with projections of ~$180 million in FY24. The company’s profitability reflects strong enterprise payment volumes and robust partnerships with major banks and card networks.

PayMate has maintained healthy margins due to its scalable technology platform and focus on enterprise solutions. Operational efficiencies and expanding service offerings continue to support sustained profitability.

PayMate’s workforce expanded from ~400 in FY22 to ~450 in FY23, reflecting its focus on product development and regional expansion across India and select global markets.

• Expand B2B payment solutions and supply chain finance offerings.
• Strengthen partnerships with banks and card networks globally.
• Enhance ERP and accounting integrations for large enterprise clients.
• IPO plans postponed; remains a long-term strategic consideration.

PayMate continues to expand in the Middle East and Southeast Asia while strengthening its Visa partnership. The company also focuses on deeper integrations with large enterprise ERP systems to drive adoption and growth.

PayMate’s consistent revenue growth, profitability, and strategic focus on B2B payments position it as a strong leader in enterprise financial services. Its scalable platform and global ambitions provide a solid foundation for long-term success. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.

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