When was Paymatrix founded?

Paymatrix was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Paymatrix located?

Paymatrix is headquartered in Hyderabad, India. It is registered at Paymatrix, CIE, Vindhya C4 IIIT-Hyderabad, Gachibowli, Hyderabad, Hyderabad, Telangana, India, 500032.

Which legal entities is Paymatrix associated with?

Paymatrix is associated with SPECKLE INTERNET SOLUTIONS PRIVATE LIMITED.

How many employees does Paymatrix have?

As of Aug 31, 2026, the latest employee count at Paymatrix is 16.

Is Paymatrix a funded company?

Paymatrix is a funded company, having raised a total of $711K across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 06, 2016.

How much is Paymatrix worth?

The last known valuation of Paymatrix was $***** as of May 13, 2021.

When was the latest funding round of Paymatrix?

Paymatrix's latest funding was a $***** Seed round on May 13, 2021, with participation from 1 investor. Its primary sector is Digital Lending. In India, the Digital Lending sector has seen $1.01B in funding in 2026 to date.

What is the annual revenue of Paymatrix?

Annual revenue of Paymatrix is less than ₹10 Cr as on Mar 31, 2025

Where does Paymatrix rank among its competitors?

Paymatrix ranks 40th amongst 372 active competitors, of which 51 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was BlackSoil, which secured $22M in Mar, 2026.

Who are the top competitors of Paymatrix?

Paymatrix's top competitors include InCred, Funding Societies and Finnable. Among them, BlackSoil secured the most recent funding round in March, 2026.

Paymatrix - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Seed, May 13, 2021, $*****

Last Known Valuation

$***** as on May 13, 2021

Investors

IIIT Hyderabad & 26 more

Ranked

40^th among 372 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

16 as on Aug 31, 2026

Similar Companies

InCred & 1089 more

Exit Details

Acquired by Muthoot Fincorp (Jun 21, 2021)

View Paymatrix's full profile

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	0 - ₹10 Cr (As on Mar 31, 2025)	3 (As on Apr 30, 2023)

Paymatrix got acquired by Muthoot Fincorp on Jun 21, 2021.

Click here to take a look at Paymatrix's acquisition in detail

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2021	8394741	Seed	1995721	1098462	1579873	6291136
Feb 26, 2021	6425025	Seed	1193008	6910727	5298350	SucSEED & 13 more
Nov 26, 2018	3202959	Seed	5509527	6755814	SucSEED	9562042

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View details of Paymatrix's funding rounds and investors

The 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 email address and 1 phone number
Muralidhar Nayak: Former Co-Founder 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
Mukesh Chandra Anchuri	Team	-	Current	11y 4m
mv{unel	Team	-	Past	9y 4m
xqpslmr	Team	-	Past	9y 1m
ofvithb	Team	-	Past	3y 1m

View details of Paymatrix's Founder profiles and Board Members

Paymatrix's employee count trend

Paymatrix has 16 employees as of Aug 26. Here is Paymatrix's employee count trend over the years:

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Top competitors of Paymatrix include InCred, Funding Societies and Finnable. Here is the list of Top 10 competitors of Paymatrix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	InCred 2016, Mumbai (India), Series D	Provider of financial services specializing in personal, education, and business loans	$320M	Paragon Partners, FMO & 130 others	82/100
2nd	Funding Societies 2015, Singapore (Singapore), Series D	Digital platform providing financing solutions for small businesses	$242M	Khazanah Nasional Berhad, Samsung Venture Investment ... & 53 others	80/100
3rd	Finnable 2016, Bengaluru (India), Series C	Platform offering online personal loans with minimal documentation	$90.2M	Z47, India Nippon Electricals & 28 others	79/100
4th	Moneyview 2014, Bengaluru (India), Series E	Provider of loans, credit cards, gold investment, insurance, and UPI	$215M	Accel, Tiger Global Management & 25 others	76/100
5th	Vivriti Capital 2017, Chennai (India), Series D	Provider of technology-enabled debt financing solutions to mid-market enterprises	$205M	Creation Investments, TVS Capital Funds & 22 others	75/100
6th	BlackSoil 2010, Mumbai (India), Series C	Provider of alternative debt and supply chain financing solutions to businesses	$36.3M	FMO, MAHAVIR AGENCIES & 11 others	72/100
7th	Fibe 2015, Pune (India), Series F	Provider of personal loans, credit lines, and financial wellness solutions	$250M	Eight Roads Ventures, Transcorp & 49 others	72/100
8th	Oxyzo 2016, Gurugram (India), Series A	Provider of financial solutions, including loans, for SMEs and corporates	$201M	Alpha Wave Global, Creation Investments & 7 others	71/100
9th	Credit Saison 2019, Bengaluru (India), Series D	Provider of diverse financial products and lending solutions for businesses and individuals	$144M	Mizuho Financial Group	70/100
10th	DMI Finance 2008, Delhi (India), Series E	Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans	$734M	MUFG, MUFG & 5 others	69/100
40th	Paymatrix 2015, Hyderabad (India), Acquired	SaaS-driven payment management platform for rent payment and collection	$711K	Muthoot Fincorp, Zone Startups India & 25 others	45/100

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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	4388693	1558501	1827630	5775840
Mukesh Chandra Anchuri	4425018	8690244	3663226	8402071	3089238	7617684
Muralidhar Nayak	1472435	6761822	8713486	7624370	9642017	9582202
Fund	5.78%	50.4L	69459	78502	99357	37758
IIIT Hyderabad	776	466	236	222	565	619
Xseed Partners	76	75	65	30	40	60
SucSEED	0	0	0	0	0	0
T-Hub	0	0	0	0	0	0
Enterprise	0.63%	5.46L	0	0	0	0
Angel	9.89%	86.2L	5259372	8329341	6221230	2125375
Moti Lal Vyas	3020	9787	4479	9064	5933	3991
Total	100.00%	8.73Cr	7722571	7918664	6255352	1423246