मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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PayMate pulls plug on West Asia operations
Mint Mumbai
|November 20, 2025
The Visa-backed B2B payments firm is scrambling to raise more funds
Cash-strapped PayMate has shut its West Asia operations and is scrambling to raise a fresh $20 million after a key investor failed to wire funds for over nine months, the company’s top executive confirmed to Mint.
The development marks a sharp turn for the Visa-backed B2B payments firm. Earlier this year, the company told Mint it was “actively expanding” across international markets. Instead, it is now dealing with unpaid salaries stretching up to nine months, senior exits and a stalled acquisition that was central to its growth ambitions.
This comes on the back of a long-delayed investment. London and West Asia-focused Crimson Ventures, which had signed a definitive agreement with PayMate in March, is yet to transfer funds due to “internal issues at their end”, said founder and CEO Ajay Adiseshann.
यह कहानी Mint Mumbai के November 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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