About DoubleNet Pay
DoubleNet Pay is a company based in Atlanta (United States) founded in 2013 was acquired by Purchasing Power in September 2018. DoubleNet Pay has raised $4 million across 1 funding round from investors including Purchasing Power, TTV Capital and Fuqua Investments. DoubleNet Pay operates in a competitive market with competitors including Icon Savings Plan, Onward, Sunny Day Fund and Scope Zero, among others.
- Headquarter Atlanta, United States
- SectorsTechnology
- Email••••••••
- Website doublenetpay.com
- Social LinkedIn X
- Acquired by Purchasing Power (Sep 2018)
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Jul 2017
- InvestorsPurchasing Power
& 2 more
- Acquired byPurchasing Power
(Sep 2018)
Funding Insights of DoubleNet Pay
DoubleNet Pay has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in July 2017. 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 $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Jul 2017)
- Investors Count 2
All 1 funding rounds of DoubleNet 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 |
|---|---|---|---|---|---|
| Jul 2017 | $4M | Seed | – | – |
3 investors in total: 3 institutional.
Investors in DoubleNet Pay
DoubleNet Pay has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Purchasing Power, TTV Capital and Fuqua Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by TTV Capital in early-stage fintech companies. | – | ttvcapital.com | Atlanta, United States | |
- | – | fuquainvestments.tcc.mode | - | |
E-commerce company that allows customers to finance purchases through payroll deduction. | 2001 | purchasingpower.com | Atlanta, United States |
Investor details for DoubleNet Pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of DoubleNet Pay
1 people are tracked at DoubleNet Pay (1 in leadership).
| Name | Role | Group |
|---|---|---|
Brian Cosgray | Co-Founder & CEO | Leadership |
Complete people profiles for DoubleNet Pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of DoubleNet Pay
3 dated milestones of DoubleNet Pay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded DoubleNet Pay is founded.
- Funding First funding round of $4.0M.
- Exit Acquired by Purchasing Power.
Competitors of DoubleNet Pay
DoubleNet 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 Icon Savings Plan, Onward, Sunny Day Fund and Scope Zero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iconsavingsplan.com | 2018 | San Francisco, United States | $12.4M | – | Online platform for retirement planning | |
| onward.org | 2015 | Los Angeles, United States | $2M | 4 | Employee finances are tracked and planned via Onward's software platform. | |
| sunnydayfund.com | 2014 | Falls Church, United States | – | – | Workplace emergency savings and financial wellness programs are provided. | |
| scope-zero.com | 2022 | San Francisco, United States | – | – | Impact-based savings accounts are provided to employees for sustainability engagement. |
Detailed competitors of DoubleNet 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
Verified entity values are shown only after access is granted.
Web traffic of DoubleNet Pay
Websites that share an audience with DoubleNet Pay (doublenetpay.com).
Websites whose visitors overlap most with DoubleNet Pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| atdc.org | 100% | – | #1,406,131 | View details |
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10 companies that operate in the same segment as DoubleNet Pay (Investment & Financial Technology), ranked by their profile score on The Company Check.
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|---|---|---|---|---|---|---|
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App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
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App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about DoubleNet Pay
DoubleNet Pay was founded in 2013 and raised its 1st funding round 4 years after it was founded.
DoubleNet Pay is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
DoubleNet Pay is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Jul 2017.
Founded in 2013 in Atlanta, United States, DoubleNet Pay operates in the fintech sector as an employer-enabled savings management platform. Bills are automatically tracked and payments are processed on payday. Progress toward savings goals, including emergency funds, healthcare, retirement, and insurance premiums, is advanced with each paycheck. A dedicated account is established for each user at the Central Bank of Kansas City.
DoubleNet Pay's top competitors include Icon Savings Plan, Onward and Sunny Day Fund.
DoubleNet Pay has 3 investors. Key investors include Purchasing Power, TTV Capital, and Fuqua Investments.
Yes. DoubleNet Pay was acquired by Purchasing Power in September 2018.