Mylapay, a modern payment infrastructure company focused on compliance-first solutions for banks and payment institutions, today announced that it has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A.

Mylapay is building a next-generation payment infrastructure designed to give banks and payment institutions full control, scalability, and regulatory confidence. Unlike traditional payment enablers, the company places compliance and governance at the core of its technology, enabling financial institutions to operate with greater transparency and resilience in an increasingly complex regulatory landscape.

The newly raised capital will be used to further strengthen Mylapay’s payment infrastructure, expand its product suite, deepen partnerships with banks and payment aggregators, and support the company’s expansion across the Middle East & Africa (MEA) and United States markets.