About Papaya Payments
Papaya Payments is a company based in Los Angeles (United States) founded in 2001.. Papaya Payments has raised $61 million across 2 funding rounds from investors including Bessemer Venture Partners, Sequoia Capital and Acrew Capital. The company has 45 employees as of December 31, 2020. Papaya Payments offers products and services including Quickpay Widget, Paper Statements, and Digital Billing Platform. Papaya Payments operates in a competitive market with competitors including Doxo, BillGO, Papaya, Gerald and Health Payment Systems, among others.
- Headquarter Los Angeles, United States
- Employees 45 as on 31 Dec, 2020
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Snappays Mobile, Inc
-
Annual Revenue
$00as on Mar 14, 2018
-
Net Profit
-
EBITDA
-
Total Equity Funding
$61 M (USD)
in 2 rounds
-
Latest Funding Round
$50 M (USD), Series B
Dec 15, 2021
-
Investors
Bessemer Venture Partners
& 7 more
-
Employee Count
45
as on Dec 31, 2020
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Papaya Payments
Papaya Payments offers a comprehensive portfolio of products and services, including Quickpay Widget, Paper Statements, and Digital Billing Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables easy bill payments via camera without app or account.
Facilitates bill payment through QR code scanning.
Platform for online payment collection via SMS and email.
Unlock access to complete
Funding Insights of Papaya Payments
Papaya Payments has successfully raised a total of $61M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in December 2021. 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 Series B — $50.0M
-
First Round
First Round
(01 Jun 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Papaya Payments | Valuation | Bessemer Venture Partners | |
| Jun, 2018 | Amount | Series A - Papaya Payments | Valuation | F-Prime Capital , Sequoia Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Papaya Payments
Papaya Payments has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Sequoia Capital and Acrew Capital. 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 |
|---|---|---|---|---|
|
Venture capital investments and support for entrepreneurs in technology and innovation sectors.
|
Founded Year | Domain | Location | |
|
Sequoia Capital is engaged in venture capital investments.
|
Founded Year | Domain | Location | |
|
Early-stage startups are funded by Acrew Capital venture firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Papaya Payments
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Papaya Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Papaya Payments Comparisons
Competitors of Papaya Payments
Papaya Payments 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 Doxo, BillGO, Papaya, Gerald and Health Payment Systems, 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 |
Bill payments are managed via a mobile app for users.
|
|
| domain | founded_year | HQ Location |
Bill payment processing solutions are provided for businesses and consumers.
|
|
| domain | founded_year | HQ Location |
Papaya is focused on simplifying billing and payment processes.
|
|
| domain | founded_year | HQ Location |
Consumer bills are managed and paid via a cloud-based platform.
|
|
| domain | founded_year | HQ Location |
Provider of an all-in-one statement and payment solution for healthcare billing
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Papaya Payments
When was Papaya Payments founded?
Papaya Payments was founded in 2001 and raised its 1st funding round 17 years after it was founded.
Where is Papaya Payments located?
Papaya Payments is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Papaya Payments a funded company?
Papaya Payments is a funded company, having raised a total of $61M across 2 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Jun 01, 2018.
How many employees does Papaya Payments have?
As of Dec 31, 2020, the latest employee count at Papaya Payments is 45.
What does Papaya Payments do?
Papaya Payments was founded in 2001 in Los Angeles, United States. A mobile app platform is offered in the fintech sector, enabling users to pay bills by photographing paper invoices. Validation technology is utilized to process various types, including medical bills, DMV fees, and phone bills. Payments are executed only after user verification, with options for multiple methods and expense record-keeping.
Who are the top competitors of Papaya Payments?
What products or services does Papaya Payments offer?
Papaya Payments offers Quickpay Widget, Paper Statements, and Digital Billing Platform.
Who are Papaya Payments's investors?
Papaya Payments has 8 investors. Key investors include Bessemer Venture Partners, Sequoia Capital, Acrew Capital, 01 Advisors, and Mucker.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.