unleashthewriter
We bring in an exciting opportunity to share your experiences and views with us in our Blogging Contest and stand a chance to win exclusive Paymatrix Credits of worth Rs.2000 for 9 lucky winners. Your article also gets featured on the Paymatrix Blog!
All you need to do is Register Yourself here. Write an article on any of the following topics of your interest and send it to “[email protected]” on or before the 7th of November, 2016
TOPICS :
  • Is Digital India enabling Cashless economy
  • The Great Indian Landlord
  • The Month End is coming ! [or]  Credit Card- My Precious 
PRIZES:
  • Top 2 Golden Blogs – Rs 500 worth Paymatrix Credits
  • Top  3 Silver Blogs – Rs 200 worth Paymatrix Credits
  • Top 4 Bronze Blogs – Rs 100 worth Paymatrix Credits
 
RULES OF THE GAME :
  1. One has to register at https://paymatrix.in to participate and use the registered email id to send the entry
  2. One can send unlimited entries. Only the best article will be considered
  3. The Paymatrix Credits will be made available in the winners account in their Profile section.
  4. The content must be original, innovative and credible. Copied articles would be rejected.
  5. The images (if any) must be relevant to the content of the article. Use of improper images would result in disqualification.
  6. The body of the article should  be free from spelling, punctuation and grammatical errors. The content should not contain any derogatory or unparliamentary language.
  7. Articles sent after the deadline will not be accepted.
  8. Paymatrix India reserves the right to modify the rules at any point of the contest
augfestcapture1

Paymatrix is among the 125 startups that participated in the one-minute pitch competition at August Fest. The event is one of the Largest Startup Festivals that Celebrates Arts and Entrepreneurship in Asia and hosted 4200 people from 40 cities and 10 countries last year. The 4th edition of August Fest was hosted at JRC Conventions & Trade Fairs, Hyderabad, Telangana, India on 3rd and 4th September. The fest was expected to have attracted more than 12000 startup enthusiasts ,100+ amazing speakers and 300+ investors and accelerator representatives.

The two-day event involved some exciting workshops on design thinking, growth hacking, branding hacks, Investor readiness, Content marketing and People management. The event also hosted an expo wherein several startups can showcase and beta-test their product offerings.

Shopping online

Most of us, at one point of the time or other, have been a witness of that awkward expression from your landlord, when you asked him to accept the monthly property rent online. While the usual answer was ‘NO’ from the landlord, let me explain several reasons why you should not plainly take that answer.

  1. Paying the monthly rent online establishes an electronic trail for your transaction and can potentially support your claim for HRA exemption with your employer.
  2. If your landlord doesn’t stay beside your property, paying rent directly into the landlord’s bank account shall ensure that your local property broker or manager is not playing around with you.
  3. Setting up auto-debits and reminders to your account shall ensure that you pay rent on-time to your landlord and shall save you from that embarrassment when your landlord follows up for rent.
  4. It’s a good idea to pay rent deposit or advance online for it acts as a proof of payment and saves you from any surprises while requesting a refund on leaving the leased premises
  5. The cash payment which you paid to landlord usually remains an unaccounted income for him and is what that constitutes a brick of the Indian black economy, which we all love to endlessly discuss about.
  6. Lastly, it also saves you the pain to visit the nearest ATM situated few lanes away and withdraw chunks of cash for payment to landlord.
  7. Next time you are paying rent online, you are not only doing a service for yourself but also a service to your society and the nation!
idgvi

IDG Ventures India (IDGVI) launches the ‘Software Innovators Program 2016’ that aims to identify and reach out to disruptive startups across the software products space. The program seeks to discover disruptive software product companies from India, with a potential to build a global foot print in the machine learning, artificial intelligence, SaaS, fintech and security areas amongst others. Paymatrix has been shortlisted for the final round, wherein they are to present the pitch to the senior team members.

IDGVI is a leading VC firm in India, that is often counted to be a prolific, early-stage backer of technology startups in India. With a portfolio of over 50 companies, including well-known brands like Myntra, Newgen, Lenskart, Manthan, Fintellix, NestAway, Unbxd and Uniphore, the firm is one of the key participant in the startup story of India. IDGVI has invested in 23 startups, and was the most active VC in the country in terms of the number of deals participated in 2015.

aata

Paymatrix is selected among the 10 finalists for the ATA Business Idea Competition to be held at Rosemont Convention Centre, Chicago on 3rd July, 2016. The business idea competition curated 10 promising business ideas after due evaluation of several startups in India and US. The competition aims to provide a platform to promote innovative business ideas from youth and encourage entrepreneurship. The conference is designed to connect young entrepreneurs, small and medium business owners, and recent graduates to present their vision and entrepreneurial skills to potential investors, venture capitalists and experienced professionals in the realms of IT, medicine, science, finance, and education.

ATA Business Idea

The invitee list for the conference includes prominent personalities from business, politics, literature and film industry such as Mallikarjun Rao Grandhi (Chairman, GMR Group), Prof. V S Rao (Acting Vice Chancellor, BITS Pilani), Muppavarapu Venkaiah Naidu (Minister -Parliamentary Affairs, Urban Development) and BVR Mohan Reddy (Chairman, NASSCOM).

foundersspark

Founder

Every interesting startup has a story and so does Paymatrix. It all started when the Founder -Mukesh started working for Indian Oil Corporation Limited, Mumbai in 2010. When he first landed in Mumbai, he was taken back by two things; the buzzing crowd and the skyrocketed property rent prices in the city. While he quickly developed love with the first thing, the second one took quite a time for him to get accustomed. He saw his group of friends, with whom he stayed a while, paying as much as Rs. 35,000/- per month for a cramped apartment. The shocker came when his group of friends moved to a new location wherein the new landlord demanded a six months’ advance for the place. That was a heartburn for the group wherein they have to pool in such a money in short span of time.

It was this instance that stuck him to think if there was any way out to leverage his credit card for making the rent advance payment. Fortunately, he was holding three credit cards then and unfortunately, there was no way to leverage them to manage this huge payment. Somehow the group managed the payment to landlord through other means but the contemplation still remained in his mind – “When I have the option of paying my petty expenses and fees on credit, why don’t I have any for one of my regular mandatory expenditure -Monthly property rent?”.

This idea remained an idea for a while, wherein he moved on from the job at Indian Oil, completed his MBA from SPJAIN eventually and settled for a new job in Bangalore in 2015. At this point of time, interactions with his previous colleague and friend at Indian Oil Corporation Ltd.– Anusha Kurupathi, who then graduated from IIM-Ahmedabad and was working with Reliance Industries(Mumbai), brought back the idea back to life. The duo after due evaluation of the market decided to put in their papers by mid-2015 and get their hands dirty in solving the problems they once went through.

Starting from an apartment, the duo managed to bring a MVP live by Nov’15. It is at this point of time, they were joined by Muralidhar Nayak, a classmate of Mukesh at Birla Institute of Technology, Mesra. Murali was a technical lead at IGATE and was convinced of the potential of the idea he is going to get into. The trio since then built the platform into what is now the lone and leading rent management platform in the country, helping thousands to better manage and streamline their rent payments.

hyseasummit

Paymatrix is among the startups shortlisted for the finals of HYSEA summit & Awards 2016. As part of the same, Paymatrix is among the few startups provided with a pavilion at the convention to exhibit the product/service to the grand jury. The finals are to be held on 31st March at Hyderabad International Convention Centre, Novotel. The theme of HYSEA summit & Awards 2016 has been to showcase city’s promising startups and tag the trendsetters with product/service awards. The program is further designed to enrich the visitor experience with a series of design talks, industry key notes from dignitaries and design workshops. The summit is said to attract the who’s who of the industry with speakers from various realms of life. Some of them include Amitabh Kant (CEO, NITI Aayog), Manoj Sharma (CEO, Quikr), Natarajan Ranganathan (MD and CFO, Helion),BVR Mohan Reddy(Founder -CYIENT Ltd and Chairman-NASSCOM),Rajendra Singh pawar (Chairman and MD,NIIT technologies), Lalit Mangal (Co-founder, Common Floor), Sudharak Olwe (Photographer and Padmashree award winner) and the popular percussionist Drummer Siva Mani.

HYSEA (Hyderabad Software Enterprises Association) is a registered apex body formed to represent the software industry in Hyderabad. Formed in 1991, HYSEA engages in seeking solutions for the problems of software companies and works closely with government on policy formulation and implementation

nasscom-10000

Property rental management platform Paymatrix has been selected to the reputed NASSCOM 10000 startup program. Identifying the role, technology can play in the revolutionizing the property rent management space, the program identified Paymatrix to be a game changer influencing how rent is paid and collected in India. “10,000 Startups” is a NASSCOM’S initiative incorporated to incubate, fund and provide ambient support to hatchling startups and propel them into the league of full-fledged technology stalwart companies. The program supports the startups by giving them support via access to startup incubators, accelerators, angel investors, venture capitalists, mentors, and technology corporations. Startups selected to be a part of the program also receives an INR 10 lakhs startup kit, fully loaded, with enormously useful and tech-savvy business tools from Microsoft, AWS and Google.

NASSCOM (National Association of Software and Services Companies) is a trade body representing the Indian IT and BPO industries. With over 2000 member companies from the verticals of software development, services, process outsourcing and e-commerce the association plays a key role in the advancement of software technologies. It also works towards improvement of service quality and enforcement of Intellectual Property Rights in the Indian software and BPO industries.

paymatrixthub

Paymatrix, the Hyderabad-based property rent management platform has been inducted into the Lab-32 Incubation program of T-HUB. With this, Paymatrix now stands among the twelve carefully selected promising startups, identified by the incubator to be ready for the next wave of growth. As part of the incubation, T-HUB shall facilitate mentoring of these startups by industry leaders, offer them the much needed leverage in negotiations with service providers, provide them media exposure and enable access to funding by interactions with seed funds and venture capitalists. Lab-32 program envisions to act as a Launchpad for startups in advanced growth stage among the 180 startups operating at the T-Hub’s incubation centre at Hyderabad.

T-HUB is a unique public/private partnership between the government of Telangana, 3 of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. It stands at the intersection of the startup, academic, corporate, research and government sectors. Designed for technology-related startups, and mission to catalyse the creation of one of the most vibrant entrepreneur communities in the world, the foundation operates a state-of-the-art 70,000 square foot building called CatalysT, the largest building in India to be entirely dedicated to entrepreneurship