About LeapPay
LeapPay is a Financial Services company based in New York (United States) founded in 2013, and was acquired by Funding Circle in August 2014. Invoice discounting loans are offered online to organic food SMEs. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Nvoicepay, LSQ and LiquidX; 3 of its 3 listed competitors have raised funding.
Company details
LeapPay was established in 2013 in New York, United States, as a provider of working capital financing. Invoice discounting loans are extended to small and medium-sized enterprises in the organic food sector. Operations are conducted online, with loan decisions generated within minutes through a technology-driven algorithm. Services focus on facilitating quick access to funds based on outstanding invoices for businesses in this niche industry.
- Headquarters New York, United States
- Stage Acquired
- SectorsFinancial Services
- Website leappay.com
- Social LinkedIn X Facebook
- Acquired by Funding Circle (Aug 2014)
- Investors
- Acquired byFunding Circle
(Aug 2014)
Investors in LeapPay
LeapPay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Funding Circle.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | fundingcircle.com | London, United Kingdom |
Investor details for LeapPay
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- Complete investor list
- Round participation
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Timeline of LeapPay
2 dated milestones of LeapPay across 1 years, from founding to its latest funding, stage changes and deals.
- Founded LeapPay is founded.
- Exit Acquired by Funding Circle.
Competitors of LeapPay
LeapPay has 3 listed competitors in our database, 3 of them funded. They include Nvoicepay, LSQ and LiquidX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nvoicepay.com | 2009 | Beaverton, United States | $28.79M | 118 | AP automation, commercial cards, and cross-border payments are provided. | |
| lsq.com | 1996 | Orlando, United States | $130M | 130 | Trade financing loans are facilitated via an online marketplace. | |
| liquidx.com | 2015 | New York, United States | $65.01M | Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing |
Detailed competitors of LeapPay
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as LeapPay (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Frequently Asked Questions about LeapPay
LeapPay was founded in 2013.
LeapPay is headquartered in New York, United States. It is registered at New York, New York, United States.
LeapPay was established in 2013 in New York, United States, as a provider of working capital financing. Invoice discounting loans are extended to small and medium-sized enterprises in the organic food sector. Operations are conducted online, with loan decisions generated within minutes through a technology-driven algorithm. Services focus on facilitating quick access to funds based on outstanding invoices for businesses in this niche industry.
LeapPay has 1 investor. Key investors include Funding Circle.
Yes. LeapPay was acquired by Funding Circle in August 2014.