About paerpay
paerpay is a company based in Worcester (United States) founded in 2017 by Derek Canton. paerpay has raised $7.19 million across 4 funding rounds from investors including MassMutual, Techstars and Elevate Capital. paerpay offers products and services including Voice AI Answering, AI Ordering, Pay at the Table, Pay at the Drive-Thru, and Text to Pay. paerpay operates in a competitive market with competitors including TabbedOut, MyCheck, SpeedETab, Mogl and Ziosk, among others.
- Headquarter Worcester, United States
- Founders Derek Canton
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Paerpay, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7.19 M (USD)
in 4 rounds
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Latest Funding Round
$700 K (USD), Debt – Conventional
May 31, 2024
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Investors
MassMutual
& 7 more
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Employee Count
Not available
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Products & Services of paerpay
paerpay offers a comprehensive portfolio of products and services, including Voice AI Answering, AI Ordering, Pay at the Table, Pay at the Drive-Thru, and Text to Pay.
Handles restaurant calls and inquiries for efficient guest responses.
Facilitates AI-based ordering to boost revenue and customer loyalty.
Enables QR code payments for quick and flexible bill settling.
Supports contactless payments to speed up drive-thru transactions.
Allows text-based payments and recovery for missed restaurant bills.
People of paerpay
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Funding Insights of paerpay
paerpay has successfully raised a total of $7.19M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $700 thousand completed in May 2024. 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.
Investors in paerpay
paerpay has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include MassMutual, Techstars and Elevate Capital.
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Venture capital fund focused on underserved entrepreneurs is provided.
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Tech focused early stage VC firm investing in the US
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Startups are accelerated globally without sector restrictions through structured programs.
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Investor details for paerpay
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Investments & Acquisitions by paerpay
Investment portfolio details for paerpay
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Financial Statements - paerpay
Detailed financials for paerpay
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Paerpay Comparisons
Peer comparison for paerpay
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Competitors of paerpay
paerpay 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 TabbedOut, MyCheck, SpeedETab, Mogl and Ziosk, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Mobile payments and marketing for hospitality venues are facilitated.
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Provider of digital solutions for the hospitality industry
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Mobile ordering at restaurants & bars
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Card-linked cashback rewards are offered for restaurant and bar spending.
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Provider of restaurant technology solutions for streamlined operations and enhanced guest experiences
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Detailed competitors of paerpay
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Latest news on Paerpay
Complete news archive for paerpay
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Frequently Asked Questions about paerpay
paerpay was founded in 2017 and raised its 1st funding round 1 year after it was founded.
paerpay is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
Derek Canton is the current CEO of paerpay. They have also founded this company.
paerpay is a funded company, having raised a total of $7.19M across 4 funding rounds to date.
Paerpay is a mobile app for dining payments. The users need to scan the Paerpay code at the table to create a new bill. Users can use the app to split, tip, and manage the bill. Supports credit card and debit card payments. Available on Android and iOS platforms.
paerpay offers Voice AI Answering, AI Ordering, Pay at the Table, Pay at the Drive-Thru, and Text to Pay.
paerpay has 8 investors. Key investors include MassMutual, Techstars, Elevate Capital, MassVentures, and Gaingels.