About Papaya
Papaya is a company based in Los Angeles (United States) founded in 2009. It operates as a FinTech, and Pay-per-Use / Usage-Based. Papaya has raised $50 million across 1 funding round from investors including Bessemer Venture Partners, Sequoia Capital and Acrew Capital. Papaya offers products and services including Digital Billing, Quickpay Widget, and Paper Statements. Papaya operates in a competitive market with competitors including Doxo, BillGO, Papaya Payments, Gerald and Health Payment Systems, among others.
- Headquarter Los Angeles, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Papaya Payments
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$50 M (USD)
in 1 rounds
-
Latest Funding Round
$50 M (USD), Series B
Dec 15, 2021
-
Investors
Bessemer Venture Partners
& 7 more
-
Employee Count
Employee Count
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
Papaya offers a comprehensive portfolio of products and services, including Digital Billing, Quickpay Widget, and Paper Statements. 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.
Payments are collected instantly via SMS or email.
Bills are paid directly using camera without login.
QR codes are scanned for seamless bill payment.
Unlock access to complete
Funding Insights of Papaya
Papaya has successfully raised a total of $50M through 1 strategic funding round. 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 1
- Last Round Series B — $50.0M
-
First Round
First Round
(15 Dec 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Papaya | Valuation | Bessemer Venture Partners |
| 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
Papaya 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
| 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
| 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 Comparisons
Competitors of Papaya
Papaya 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 Payments, 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 |
Mobile app for bill payments via photo capture is provided.
|
|
| 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.
|
Latest news on Papaya
Frequently Asked Questions about Papaya
When was Papaya founded?
Papaya was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is Papaya located?
Papaya is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Papaya a funded company?
Papaya is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series B of $50M, raised on Dec 15, 2021.
What does Papaya do?
Papaya is engaged in providing innovative payment solutions to streamline billing for businesses and consumers. Services are offered across sectors like healthcare, government, utilities, and insurance. Digital billing, Quickpay widgets, and paper statement solutions are developed to ensure faster collections and cost savings. Compliance with PCI, HIPAA, and SOC2 standards is maintained to secure transactions.
What products or services does Papaya offer?
Papaya offers Digital Billing, Quickpay Widget, and Paper Statements.
Who are Papaya's investors?
Papaya 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.