About Aya
Aya is a company based in Toronto (Canada) founded in 2018. Aya has raised $2.9 million across 1 funding round from investors including Anthemis Group, MaRS IAF and BDC Capital Management. Aya offers products and services including HSA, WSA, and Aya Card. Aya operates in a competitive market with competitors including Sodexo, Jeeves, Float Financial Solutions, Electronic Funds Source and Tremendous, among others.
- Headquarter Toronto, Canada
- SectorsHealthcareTravel & Hospitality Financial Services Technology
- Email••••••••
- Phone•••• ••••
- Website ayacare.com
- Social LinkedIn X
- Legal Name Aya Payments
- Total Equity Funding$2.9M (USD)
in 1 rounds
- Latest Funding Round$2.9M (USD), Seed
Nov 2020
- InvestorsAnthemis Group
& 4 more
Products & Services of Aya
Aya offers a comprehensive portfolio of products and services, including HSA, WSA, and Aya Card.
Tax-free account for covering medical and dental expenses.
Account for wellness expenses like gym memberships and travel.
Prepay card for zero out-of-pocket health and wellness purchases.
Funding Insights of Aya
Aya has successfully raised a total of $2.9M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.9 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.9M
- Total Rounds 1
- Last Round Seed — $2.9M
- First Round $2.9M
(Nov 2020)
- Investors Count 5
All 1 funding rounds of Aya with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2020 | $2.9M | Seed | – | MaRS Investment Accelerator Fund, Luge Capital |
5 investors in total: 5 institutional.
Investors in Aya
Aya has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Anthemis Group, MaRS IAF and BDC Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology startups are supported through investments by MaRS IAF. | – | marsiaf.com | Canada | |
Early and growth-stage startups are funded by Anthemis Group. | 2008 | anthemis.com | London, United Kingdom | |
Seed-stage investments are made in women-led technology companies. | – | standupvc.com | Toronto, Canada | |
Luge Capital is focused on fintech venture capital investments. | – | luge.vc | Montreal, Canada | |
Offers investment management, tax planning, and retirement services for clients. | 2012 | bdc.capital | Glen Allen, United States |
Investor details for Aya
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Aya
8 people are tracked at Aya (8 in leadership).
| Name | Role | Group |
|---|---|---|
Chanddeep Madaan | CEO & Co-Founder | Leadership |
Mario Furgiuele | Chief Product & Portfolio Officer | Leadership |
Jeff Clark | VP, Marketing | Leadership |
Brittney Taylor Hutnik | Chief Operating Officer | Leadership |
Sean Newham | VP, Engineering | Leadership |
Reecha Mall | Head of Product Management | Leadership |
Joanna Armatys | VP | Leadership |
Amanda Hana | Director of Operations | Leadership |
Complete people profiles for Aya
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Aya
2 dated milestones of Aya across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Aya is founded.
- Funding First funding round of $2.9M.
Competitors of Aya
Aya operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sodexo, Jeeves, Float Financial Solutions, Electronic Funds Source and Tremendous, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| tryjeeves.com | 2019 | New York, United States | $268M | – | Payment and corporate financial cards are provided digitally by Jeeves. | |
| floatcard.com | 2020 | Kitchener, Canada | $34M | – | Float provides corporate cards, bill payments, reimbursements, and financial tools. | |
| efsllc.com | 1996 | Ogden, United States | – | 448 | Corporate and fleet expense card solutions are provided for businesses. | |
| tremendous.com | 2010 | San Francisco, United States | $120,000 | – | Provider of rewards and financial benefits management platform for enterprises | |
| trykeep.com | 2019 | Ottawa, Canada | $23M | – | Keep is recognized as Canada's leading all-in-one corporate credit card provider. | |
| novahsa.com | 2019 | Toronto, Canada | – | – | Offers prepaid cards designed for managing employee benefits efficiently. | |
| paylution.com | 2009 | Vancouver, Canada | – | – | Provides a commission-based prepaid card service for users. |
Detailed competitors of Aya
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Aya
The website of Aya (ayacare.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▼ 17.7% vs previous month
Latest news on Aya
Complete news archive for Aya
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Aya
10 companies that operate in the same segment as Aya (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Frequently Asked Questions about Aya
Aya was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Aya is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Aya is a funded company, having raised a total of $2.9M across 1 funding round to date. The company's 1st funding round was a Seed of $2.9M, raised on Nov 2020.
Provider of employee prepaid cards for healthcare payments. It offers cards to advisors, employers, employees, and more. Funds are transferred to the healthcare card monitored by the employers. It also enables employees to make healthcare payments for family members.
Aya offers HSA, WSA, and Aya Card.
Aya has 5 investors. Key investors include Anthemis Group, MaRS IAF, BDC Capital Management, Stand Up Ventures, and Luge Capital.
Aya operates through Aya Payments.