About FitPay
FitPay is a company based in San Francisco (United States) founded in 2014 was acquired by NXT-ID in May 2017.. FitPay has raised $3.1 million across 2 funding rounds from investors including Comerica, Giesecke+Devrient and NXT-ID. The company has 18 employees as of December 31, 2018. FitPay operates in a competitive market with competitors including Kerv, Fidesmo, EVERING, McLEAR and PayinTech, among others.
- Headquarter San Francisco, United States
- Employees 18 as on 31 Dec, 2018
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Funding Insights of FitPay
FitPay has successfully raised a total of $3.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in February 2016. 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 2
- Last Round Seed — $3.1M
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First Round
First Round
(03 Dec 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2016 | Amount | Seed - FitPay | Valuation |
investors |
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| Dec, 2015 | Amount | Grant - FitPay | 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 FitPay
FitPay has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Comerica, Giesecke+Devrient and NXT-ID. 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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Startup accelerator
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Founded Year | Domain | Location | |
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Security technology is provided for digital infrastructure and financial platforms.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to businesses and individuals.
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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 FitPay
| 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 - FitPay
| 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 |
Fitpay Comparisons
Competitors of FitPay
FitPay 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 Kerv, Fidesmo, EVERING, McLEAR and PayinTech, 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 |
Contactless payment rings are manufactured for wearable transactions.
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| domain | founded_year | HQ Location |
Wearable payment solutions are provided for contactless consumer transactions.
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| domain | founded_year | HQ Location |
Prepaid smart rings for touchless payments are offered to individuals.
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| domain | founded_year | HQ Location |
Develops and sells wearable rings for secure contactless payments and app management.
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| domain | founded_year | HQ Location |
Wearable payment solutions are offered by PayinTech for cashless transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fitpay
Frequently Asked Questions about FitPay
When was FitPay founded?
FitPay was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is FitPay located?
FitPay is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is FitPay a funded company?
FitPay is a funded company, having raised a total of $3.1M across 2 funding rounds to date. The company's 1st funding round was a Grant of $50K, raised on Dec 03, 2015.
How many employees does FitPay have?
As of Dec 31, 2018, the latest employee count at FitPay is 18.
What does FitPay do?
Founded in 2014 in San Francisco, United States, FitPay operates in the technology sector, focusing on the design and production of GPS-enabled products. A range of devices, including smartwatches, fitness trackers, automotive navigation systems, marine electronics, and aviation equipment, is developed. These incorporate sensors for location tracking, fitness monitoring, and communication. Integrated software and hardware solutions are provided to ensure data accuracy for consumer and professional markets.
Who are FitPay's investors?
FitPay has 4 investors. Key investors include Comerica, Giesecke+Devrient, NXT-ID, and RocketSpace.
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