“India is a very collateral-based in financing. On our platform, we have the visibility of their transactional data. This helps establish transparency and trust between all the stakeholders,” said Ajay Adiseshann, founder and CEO . Last year, PayMate acquired Z2P Technologies, a startup that offers lending technologies, to bring lending stack on its platform. It looks at transactional data on its platform to score SMEs and offer them credits from third-party lenders. PayMate also serves as a discounting marketplace, allowing large enterprises to electronically negotiate offers with SMEs.

https://techcrunch.com/2019/07/22/paymate-visa-seriesd/