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INTERNET | Internet Software & Services / Payments
paymatrix.in

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Founded Year

2016

Stage

Corporate Majority | Acquired

Total Raised

$100K

About Paymatrix

Paymatrix is an analytics-driven platform that provides solutions for end-to-end rent management including tenant screening, credit facilitation for rent deposits, rent documentation, rent automation, and renters and landlords insurance.On June 22nd, 2021, Muthoot Fincorp acquired a majority stake in Paymatrix. The terms of the transaction were not disclosed.

Paymatrix Headquarter Location

No.02,T-Hub, CATALYST, IIIT-H Gachibowli

Hyderabad, 500032,

India

+91-7305145146

Latest Paymatrix News

Muthoot Fincorp acquires 54pc stake in Paymatrix

Jun 22, 2021

It was incubated at IIIT-Hyderabad along with Paypal accelerator programme, and had secured early-stage investments from Xseed Venture Partners, IIIT-Hyderabad seed fund, and its foundation, Sucseed Angel Network and Smartcity Dubai. It started off as a platform for online payment of property rentals, rent deposits, and maintenance payments using credit cards and has since gone on to become one of the largest property rent payment and collection platforms in the country, with a user base of over 82,000 and having processed Rs 200 crore till date, Muthoot said. In the past two years, Paymatrix diversified its portfolio by enabling payments beyond rental collections into any large ticket recurring expenses like tuition fees, maintenance bills, vendor payments, etc., through credit cards. The Muthoot Pappachan Group is into gold loans, financial services, automotive retail, realty, hospitality, IT, and alternate energy and sports, employing over 27,000. Flagship Muthoot Fincorp serving around two million customers in gold loans, retail loans, small business loans, affordable housing, two-wheeler and used-car loans, money transfer, foreign exchange, insurance sales, and wealth management, through its 3,600 branches. Edited by Megha Reddy

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Expert Collections containing Paymatrix

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paymatrix is included in 1 Expert Collection, including Fintech.

F

Fintech

19,054 items

Excludes US-based companies

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