Paymatrix - About the company
Paymatrix is an acquired company based in Hyderabad (India), founded in 2015 by Mukesh Chandra Anchuri and Muralidhar Nayak. It operates as a SaaS-driven payment management platform for rent payment and collection. Paymatrix has raised $711K in funding from investors like IIIT Hyderabad, Muthoot Fincorp and Xseed Partners, with last known valuation of ₹*****. The company has 467 active competitors, including 32 funded and 19 that have exited. Its top competitors include companies like MobiKwik, CRED and Fawry.
Company Details
SaaS-driven payment management platform for rent payment and collection. The platform streamlines the rent payment and collection process between tenants, landlords, and property managers. It offers rental analytics, rental agreements, payment reminder, and screening services. It also features a loyalty program for consumers by providing them with rewards and cashback on transactions.
- Website
- paymatrix.in
- Social
- Email ID
- *****@paymatrix.in
- Phone Number
- +91 **********
- Registered Address
- Paymatrix, CIE, Vindhya C4 IIIT-Hyderabad, Gachibowli, Hyderabad, Hyderabad, Telangana, India, 500032
Key Metrics
Founded Year
2015
Location
Hyderabad, India
Stage
Acquired
Total Funding
$711K in 5 rounds
Latest Funding Round
Last Known Valuation
₹***** as on May 13, 2021
Investors
Ranked
31st among 467 active competitors
Annual Revenue
₹16.7L as on Mar 31, 2025
Employee Count
14 as on Apr 30, 2026
Exit Details
Acquired by Muthoot Fincorp (Jun 21, 2021)
Legal entities associated with Paymatrix
Paymatrix is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SPECKLE INTERNET SOLUTIONS PRIVATE LIMITED CIN: U72200TG2015PTC098121 , India, Active | Mar 20, 2015 | $19.8K (As on Mar 31, 2025) | 3 (As on Apr 30, 2023) |
Paymatrix's acquisition details
Paymatrix got acquired by Muthoot Fincorp on Jun 21, 2021.
Click here to take a look at Paymatrix's acquisition in detail
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Paymatrix's funding and investors
Paymatrix has raised a total funding of $711K over 5 rounds. Its first funding round was on Oct 06, 2016. Its latest funding round was a Seed round on May 13, 2021 for $*****. 1 investor participated in its latest round. Paymatrix has 10 institutional investors and 17 angel investors.
Here is the list of recent funding rounds of Paymatrix:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 13, 2021 | 3381244 | Seed | 1819334 | 6224624 | 2078473 | 2590081 |
Feb 26, 2021 | 3129510 | Seed | 1602867 | 4468879 | 9021997 | |
Nov 26, 2018 | 3129621 | Seed | 6543753 | 7061543 | 1373861 |
Access funding benchmarks and valuations. Sign up today!View details of Paymatrix's funding rounds and investors
Paymatrix's founders and board of directors
Founder? Claim ProfileThe founders of Paymatrix are Mukesh Chandra Anchuri and Muralidhar Nayak.
Here are the details of Paymatrix's key team members:
- Mukesh Chandra Anchuri: Former Co-Founder of Paymatrix and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 phone number
- Muralidhar Nayak: Co-Founder & CTO of Paymatrix. They serve on the board of 1 company.Contact Info: 1 email address
Paymatrix's Board of Directors
Paymatrix's board has 2 active members. Mukesh Chandra Anchuri and Muralidhar Nayak are part of team.Here is the list of Paymatrix's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 11m | |
vhsymvy | Team | - | Past | 9y 1m |
lompcd{ | Team | - | Past | 5y 4m |
jjecyli | Team | - | Past | 5y 3m |
View details of Paymatrix's Founder profiles and Board Members
Paymatrix's employee count trend
Paymatrix has 14 employees as of Apr 26. Here is Paymatrix's employee count trend over the years:
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Paymatrix's Competitors and alternates
Top competitors of Paymatrix include MobiKwik, CRED and Fawry. Here is the list of Top 10 competitors of Paymatrix, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of online mobile and DTH recharge and bill payment | $284M | 84/100 | ||
2nd | Provider of a platform for managing credit cards and payments | $942M | 79/100 | ||
3rd | App-based platform for consumer bill payments | $46M | 76/100 | ||
4th | Provider of credit card bill payment and rewards platform | $17.8M | 74/100 | ||
5th | Doxo 2008, Seattle (United States), Series C | Provider of mobile app for bill payments | $36.9M | 64/100 | |
6th | One97 Communications 2000, Noida (India), Public | Provider of online platform for payments, recharges, financial, and travel services | - | 61/100 | |
7th | BillGO 2015, Fort Collins (United States), Series C | Provider of bill payment processing solutions for businesses and consumers | $177M | 61/100 | |
8th |  AutoPe Payment Solutions 2006, Gurugram (India), Unfunded | App-based platform for bill payments | - | - | 60/100 |
9th |  Papaya 2009, Los Angeles (United States), Series B | App for bill payments | $65M | 58/100 | |
10th | Digital wallet platform for individuals | $47M | 57/100 | ||
31st | SaaS-driven payment management platform for rent payment and collection | $711K | 45/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Paymatrix's competitors? Click here to see the top ones
Paymatrix's Latest cap tables and shareholding
Founders (largest shareholder) own 83.72%, Funds own 5.78%, Enterprises own 0.63% and Angels own 9.89%. The net worth of Paymatrix's founders is INR 7.3Cr as of May 13, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 83.72% | 7.3Cr | 9647062 | 7626231 | 7977697 | 1432554 |
2448108 | 1534133 | 2461961 | 6444424 | 4627016 | 2899327 | |
3734654 | 9578873 | 9733522 | 4726951 | 9113649 | 3956483 | |
Fund | 5.78% | 50.4L | 91642 | 40535 | 60541 | 30174 |
59 | 45 | 97 | 86 | 71 | 28 | |
905 | 594 | 219 | 834 | 926 | 558 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 0.63% | 5.46L | 0 | 0 | 0 | 0 |
Angel | 9.89% | 86.2L | 8214411 | 8247618 | 2879791 | 9207031 |
4229 | 9735 | 6321 | 7801 | 3796 | 3037 | |
Total | 100.00% | 8.73Cr | 1574849 | 5439987 | 8257914 | 8830218 |
To unlock detailed Cap Table of Paymatrix Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Paymatrix's Shareholding
Paymatrix's Investments and acquisitions
Paymatrix has made no investments or acquisitions yet.
Reports related to Paymatrix
Here is the latest report on Paymatrix's sector:
News related to Paymatrix
•
Hyderabad -Top 10 Most Innovative Startups in 2022Inventiva•Apr 18, 2022•Skyroot Aerospace, Practically, Paymatrix, Eunimart and 6 others
•
Muthoot Fincorp picks majority stake in fintech startup PaymatrixElectronic Payments International•Jun 22, 2021•Muthoot Fincorp, Paymatrix
•
•
Online Rent Management Platform Paymatrix Raises $100K from SucSeed VentureIndianWeb2•Nov 26, 2018•Paymatrix, SucSEED
•
T-Hub startups Paymatrix and Ayasta among 7 winners of India-UK Tech Rocketship AwardsTheNewsMinute•Feb 07, 2018•Paymatrix, Ayasta
•
IIIT-H Seed Fund Invests in Rental Management Platform PaymatrixPR Newswire•Jan 23, 2018•Paymatrix, IIIT Hyderabad, Xseed Partners, T-Hub
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
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