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
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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 Snappays Mobile, 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
$61 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series B
Dec 15, 2021
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Investors
Bessemer Venture Partners
& 7 more
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Employee Count
45
as on Dec 31, 2020
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Products & Services of Papaya Payments
Papaya Payments offers a comprehensive portfolio of products and services, including Quickpay Widget, Paper Statements, and Digital Billing Platform.
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.
People of Papaya Payments
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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.
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.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Sequoia Capital is engaged in venture capital investments.
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Early-stage startups are funded by Acrew Capital venture firm.
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Investor details for Papaya Payments
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Investments & Acquisitions by Papaya Payments
Investment portfolio details for Papaya Payments
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Financial Statements - Papaya Payments
Detailed financials for Papaya Payments
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Papaya Payments Comparisons
Peer comparison for Papaya Payments
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bill payments are managed via a mobile app for users.
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Bill payment processing solutions are provided for businesses and consumers.
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Papaya is focused on simplifying billing and payment processes.
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Consumer bills are managed and paid via a cloud-based platform.
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Provider of an all-in-one statement and payment solution for healthcare billing
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Detailed competitors of Papaya Payments
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Latest news on Papaya Payments
Complete news archive for Papaya Payments
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Frequently Asked Questions about Papaya Payments
Papaya Payments was founded in 2001 and raised its 1st funding round 17 years after it was founded.
Papaya Payments is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Papaya Payments is a funded company, having raised a total of $61M across 2 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Papaya Payments is 45.
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.
Papaya Payments offers Quickpay Widget, Paper Statements, and Digital Billing Platform.
Papaya Payments has 8 investors. Key investors include Bessemer Venture Partners, Sequoia Capital, Acrew Capital, 01 Advisors, and Mucker.