Magzter GOLDで無制限に
10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。
試す 金 - 無料
PayMate pulls plug on West Asia operations
Mint Kolkata
|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.
このストーリーは、Mint Kolkata の November 20, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Mint Kolkata からのその他のストーリー
Mint Kolkata
Is geography destiny? Innovation can thrive anyway
Ever wonder why Germans seek perfection, Japanese pursue miniaturization and waste reduction, Americans are fussy about services and Indians settle for improvisation and what's good enough?
3 mins
January 23, 2026
Mint Kolkata
AI accessibility: We need to clearly define what it means
As the world approaches the India AI Summit 2026 , the conversation on AI has evolved beyond algorithmic efficiency to encompass the more significant issues of digital sovereignty and ethics.
3 mins
January 23, 2026
Mint Kolkata
Eternal enters post-founder leadership transition phase
Analysts flag leadership transition risks, calling the move a short- to medium-term net negative for the stock
2 mins
January 23, 2026
Mint Kolkata
Sisyphean challenge: Can China reverse its demographic decline?
The prognosis is grim for multiple reasons and even heavy-handed policies can hardly hope to defy global fertility patterns
3 mins
January 23, 2026
Mint Kolkata
Apple seeks relief from CCI scrutiny
Apple has asked an Indian court to stop the country’s antitrust watchdog from seeking its global financial records as part of an investigation into its app store policies, while it challenges the underlying law’s validity, court papers show.
1 min
January 23, 2026
Mint Kolkata
Air India braces for record $1.6 bn loss after deadly crash
Air India Ltd is set to report a record annual loss after last year's deadly crash and airspace shutdowns wiped out progress toward a turnaround, according to people familiar with the matter.
1 min
January 23, 2026
Mint Kolkata
Global PE giants eye IPL champions RCB
Blackstone, Temasek weigh bids; deal may value RCB at $1.4-1.8 bn
1 min
January 23, 2026
Mint Kolkata
Bonds rally third day on RBI buying
I ndian government bonds gained for a third straight session on Thursday as traders grew more confident of central bank buying support and ahead of another reduction in state debt auctions next week.
1 min
January 23, 2026
Mint Kolkata
WHY INDIA NEEDS TO RETHINK ITS WAR CHEST
FDI drain is emerging as a silent threat to India's foreign exchange reserves. How can the leak be plugged?
6 mins
January 23, 2026
Mint Kolkata
Banks, economists press for liquidity as MPC meet nears
In a pre-policy interaction with the Reserve Bank of India (RBI), economists and market participants broadly converged on one message: the central bank should focus on easing liquidity in the banking system rather than cutting interest rates, two economists and two treasury officials told Mint.
1 mins
January 23, 2026
Listen
Translate
Change font size