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Mylapay Raises $1M to Revolutionize Payment Infrastructure for Banks

A fintech disruptor just got a $1M vote of confidence. Discover how Mylapay is rewriting the rules for bank payments—with compliance at its core.

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The image shows a cartoon of a man in a blue jacket and red pants standing in front of a building...
The image shows a cartoon of a man in a blue jacket and red pants standing in front of a building with a crown on his head. At the bottom of the paper, there is text that reads "Bank Transfer, or, a New Way of Supporting Public Credit".

Mylapay Raises $1M to Revolutionize Payment Infrastructure for Banks

Mylapay has secured $1 million in its latest funding round ahead of an upcoming Series A. The company specializes in next-generation payment infrastructure designed for banks and financial institutions. Its focus on compliance and governance sets it apart in the sector.

The newly raised capital will go towards strengthening Mylapay’s existing payment systems. Expansion of its product range is also planned, with a strong emphasis on regulatory transparency and operational resilience.

Beyond technology upgrades, the funds will support deeper collaboration with us bank and payment aggregators. The company aims to broaden its presence in the Middle East & Africa as well as the United States. Mylapay’s infrastructure promises financial institutions greater control, scalability, and confidence in meeting regulatory demands. By embedding compliance into its core technology, the firm seeks to address key challenges in the payment industry.

The $1 million injection will help Mylapay prepare for its Series A round. Strengthened infrastructure and wider market reach are expected outcomes of this investment. Financial partners will gain access to more robust and compliant payment solutions.

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