About CityPay
CityPay is a company based in Tbilisi (Georgia) founded in 2020 by Beka Kemertelidze and Eralp Hatipoglu.. CityPay has raised $1.74 million across 4 funding rounds from investors including Tether and Presto Ventures. CityPay operates in a competitive market with competitors including ACINQ, Simplex, CoinPayments, Neutronpay and dtcpay, among others.
- Headquarter Tbilisi, Georgia
- Founders Beka Kemertelidze, Eralp Hatipoglu
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.74 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Tether
& 1 more
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Employee Count
Employee Count
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Product Management Team
2 people
Full Team
1 people
Business Team
1 people
Leadership Team
1 people
CMO Team
1 people
Unlock access to complete
Funding Insights of CityPay
CityPay has successfully raised a total of $1.74M across 4 strategic funding rounds. 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 Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(30 Nov 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - CityPay | Valuation |
investors |
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| Aug, 2023 | Amount | Seed - CityPay | Valuation | Tether , Presto Ventures |
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| May, 2023 | Amount | Seed - CityPay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CityPay
CityPay has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Tether and Presto Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are made in advanced technology startups.
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Founded Year | Domain | Location | |
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USD-backed stablecoins are issued on multiple blockchains by Tether.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CityPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CityPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Citypay Comparisons
Competitors of CityPay
CityPay 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 ACINQ, Simplex, CoinPayments, Neutronpay and dtcpay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Crypto payment solutions are offered to businesses through API integration.
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| domain | founded_year | HQ Location |
AI-based crypto payments and fraud prevention are provided for businesses.
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| domain | founded_year | HQ Location |
Cryptocurrency payments are facilitated through a merchant gateway.
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| domain | founded_year | HQ Location |
Payment gateway solutions for businesses are provided via Bitcoin Lightning.
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| domain | founded_year | HQ Location |
Diversified payment acceptance solution for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Citypay
Frequently Asked Questions about CityPay
When was CityPay founded?
CityPay was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is CityPay located?
CityPay is headquartered in Tbilisi, Georgia.
Who is the current CEO of CityPay?
Beka Kemertelidze is the current CEO of CityPay. They have also founded this company.
Is CityPay a funded company?
CityPay is a funded company, having raised a total of $1.74M across 4 funding rounds to date.
What does CityPay do?
CityPay was founded in 2020 in Tbilisi, Georgia, as a provider of cryptocurrency-based payment solutions in the fintech sector. Merchants are enabled to accept digital currency payments for goods and services. APIs for order processing, email billing, point-of-sale systems, and user top-up features are supported. Multiple currencies, including Bitcoin, Litecoin, and Dash, are accommodated across operations.
Who are the top competitors of CityPay?
CityPay's top competitors include Simplex, ACINQ and CoinPayments.
Who are CityPay's investors?
CityPay has 2 investors. Key investors include Tether, and Presto Ventures.