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
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Sectors
Technology
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Email
***********
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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
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Jul 13, 2017
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Investors
Purchasing Power
& 2 more
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Employee Count
Employee Count
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Acquired by
Purchasing Power
(Sep 28, 2018)
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(13 Jul 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Seed - DoubleNet Pay | 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 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. 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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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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E-commerce company that allows customers to finance purchases through payroll deduction.
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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 DoubleNet Pay
| 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 - DoubleNet Pay
| 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 |
Doublenet Pay Comparisons
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. 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 |
Online platform for retirement planning
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| domain | founded_year | HQ Location |
Employee finances are tracked and planned via Onward's software platform.
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| domain | founded_year | HQ Location |
Workplace emergency savings and financial wellness programs are provided.
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| domain | founded_year | HQ Location |
Impact-based savings accounts are provided to employees for sustainability engagement.
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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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Frequently Asked Questions about DoubleNet Pay
When was DoubleNet Pay founded?
DoubleNet Pay was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is DoubleNet Pay located?
DoubleNet Pay is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is DoubleNet Pay a funded company?
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 13, 2017.
What does DoubleNet Pay do?
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.
Who are the top competitors of DoubleNet Pay?
DoubleNet Pay's top competitors include Icon Savings Plan, Onward and Sunny Day Fund.
Who are DoubleNet Pay's investors?
DoubleNet Pay has 3 investors. Key investors include Purchasing Power, TTV Capital, and Fuqua Investments.