Visa-backed PayMate ties unpaid employee dues to long-pending DigiAsia deal, funding

ripple effect

The company had previously withdrawn its decision. ₹1,500-crore initial public offering after Securities and Exchange Board of India (Sebi) returns draft prospectus in 2023. Founded in 2006 by Ajay Adiseshann, Probir Roy, and Vishvanathan Subramanian, PayMate enables businesses to automate B2B payments and commercial card transactions across their supply chains. The company has raised over $40 million from investors including Visa, Lightbox, Mayfield Fund and Brand Capital.