About Coala Pay
Coala Pay is a company based in San Francisco (United States) founded in 2021 by Melyn Mckay. Coala Pay has raised $3.5 million across 2 funding rounds from investors including Castle Island Ventures, Lattice and Factor Capital. Coala Pay operates in a competitive market with competitors including TerraPay, Rapyd, Lightnet, Kadmos and TransferTo, among others.
- Headquarter San Francisco, United States
- Founders Melyn Mckay
- SectorsFinancial Services
- Email••••••••
- Website coalapay.org
- Social LinkedIn X
- Total Equity Funding$3.5M (USD)
in 2 rounds
- Latest Funding Round$3.5M (USD), Seed
Feb 2025
- InvestorsCastle Island Ventures
& 2 more
Funding Insights of Coala Pay
Coala Pay has successfully raised a total of $3.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in February 2025. 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 $3.5M
- Total Rounds 2
- Last Round Seed — $3.5M
- Investors Count 3
All 2 funding rounds of Coala Pay 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 |
|---|---|---|---|---|---|
| Feb 2025 | $3.5M | Seed | – | Castle Island Ventures | |
| Feb 2024 | – | Seed | – | Lattice | – |
3 investors in total: 3 institutional.
Investors in Coala Pay
Coala Pay has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Castle Island Ventures, Lattice and Factor Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on blockchain and cryptocurrency companies | – | castleisland.vc | Cambridge, United States | |
Early-stage crypto venture funding is provided by Lattice. | 2017 | lattice.fund | - | |
Factor Capital is focused on early stage technology investments. | – | factorcapital.com | Charlottesville, United States |
Investor details for Coala Pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Coala Pay
1 people are tracked at Coala Pay (1 in leadership).
| Name | Role | Group |
|---|---|---|
Melyn Mckay | Founder | Leadership |
Complete people profiles for Coala Pay
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 Coala Pay
3 dated milestones of Coala Pay across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Coala Pay is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $3.5M.
Competitors of Coala Pay
Coala Pay 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 TerraPay, Rapyd, Lightnet, Kadmos and TransferTo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| terrapay.com | 2014 | Amsterdam, Netherlands | $100M | 441 | Cross-border money transfers are enabled by omnichannel payment solutions. | |
| rapyd.net | 2016 | London, United Kingdom | $1.26B | – | Global payment solutions are provided by Rapyd to businesses worldwide. | |
| lightnet.io | 2018 | Huai Khwang, Thailand | $81.2M | – | Blockchain networks are utilized for cross-border money transfers. | |
| kadmos.io | 2021 | Berlin, Germany | $38.93M | – | Cross-border payroll solutions are provided for global migrant workers. | |
| transfer-to.com | 2005 | San Francisco, United States | $3M | – | International airtime remittances are facilitated via global mobile networks. | |
| streami.co | 2015 | Seoul, South Korea | $2M | – | A cryptocurrency exchange is facilitated via blockchain and financial partnerships. | |
| opustechglobal.com | 1997 | Alpharetta, United States | – | 383 | Cross-border payments are processed via AI-enabled omnichannel networks. | |
| wameja.com | 1997 | Sydney, Australia | – | – | Network for cross-border transfer settlements | |
| withmoment.com | 2022 | New York, United States | $17M | – | Fixed income API is offered to fintech for investing tools. |
Detailed competitors of Coala Pay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Coala Pay
The website of Coala Pay (coalapay.org) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 198.8% vs previous month
Latest news on Coala Pay
Complete news archive for Coala Pay
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- Brand-specific news history
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Similar companies to Coala Pay
10 companies that operate in the same segment as Coala Pay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Coala Pay
Coala Pay was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Coala Pay is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Coala Pay is a funded company, having raised a total of $3.5M across 2 funding rounds to date.
Coala Pay was founded in 2021 in San Francisco, United States. Operations focus on the fintech sector, where infrastructure for cross-border transfers is delivered. Services include last-mile grants management, designed to shield donor funds from foreign currency fluctuations, banking charges, and processing delays. The domain coalapay.org supports these activities, with Melyn McKay serving as founder.
Coala Pay has 3 investors. Key investors include Castle Island Ventures, Lattice, and Factor Capital.