“Can a supply chain B2B payments platform become the embedded financial OS for enterprise and SME buyers and sellers across emerging and high-growth markets?”
Founded in 2006 as a B2B payments platform in India focused on digitising supply chain payments using commercial credit cards. Evolved into a full-stack supply chain finance platform offering payments automation, procure-to-pay integration, invoice discounting, and a credit engine. Expanded geographically into the UAE (paymate.ae) and Australia (global.paymate.com), operating in over seven countries. The embedded finance angle is central to the UAE proposition — offering white-labelled B2B payment and commercial card capabilities to platforms via APIs.
Paymate processes payments through Global Payments (Australia).
The Embedded Finance Index 2026 maps 2 layers in Paymate's stack: Payments / PSP (Global Payments (Australia)); Lending (Invoice Discounting (Early Payment Program), Credit Engine (working capital credit) and SMB Lending (via bank/NBFC collaborations)).
Paymate was founded by Vishvanathan Subramanian, Ajay Adiseshann and Anupam Mukerji and is founded in 2006, headquartered in Mumbai, Maharashtra, India.
Paymate has raised $58.7M in total (latest round: Series E).
Get a read on where your own stack stands against Paymate and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.