About Papaya
Papaya is a Financial Services company based in Los Angeles (United States) founded in 2009. Papaya is focused on simplifying billing and payment processes. It operates on a FinTech and Pay-per-Use / Usage-Based model. Papaya has raised $50 million across 1 funding round from investors including Bessemer Venture Partners, Sequoia Capital and Acrew Capital. Its website papayapay.com draws about 66 thousand monthly visits. Papaya offers products and services including Digital Billing, Quickpay Widget, and Paper Statements. Its focus areas include Payment Processing and Digital Payments. Its legal entity is Papaya Payments. Its competitors include Doxo, BillGO and Papaya Payments; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Los Angeles, United States
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website papayapay.com
- Social LinkedIn X
- Legal Name Papaya Payments
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Series B
Dec 2021
- InvestorsBessemer Venture Partners
& 7 more
Products & Services of Papaya
Papaya offers a comprehensive portfolio of products and services, including Digital Billing, Quickpay Widget, and Paper Statements.
Payments are collected instantly via SMS or email.
Bills are paid directly using camera without login.
QR codes are scanned for seamless bill payment.
Apps and channels of Papaya
Papaya publishes 2 mobile apps with over 100K+ downloads.
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 $50M
- Total Rounds 1
- Last Round Series B — $50M
- First Round $50M
(Dec 2021)
- Investors Count 8
All 1 funding rounds of Papaya with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $50M | Series B | – | Bessemer Venture Partners |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Early-stage startups are funded by Acrew Capital venture firm. | acrewcapital.com | Palo Alto, United States | ||
Venture advisory services are provided to startups and investors. | 01a.com | San Francisco, United States | ||
Accelerator and venture capital firm | mucker.com | Santa Monica, United States | ||
Investments in life sciences, technology, healthtech, and crypto sectors from global locations. | fprimecapital.com | |||
Venture capital firm focused on multiple sectors | soundventures.com | |||
Seed-stage tech-focused VC firm investing primarily in the US | fika.vc | Los Angeles, United States |
Investor details for Papaya
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Papaya
33 people are tracked at Papaya (9 in leadership, 24 in team).
| Name | Role | Group |
|---|---|---|
Jason Smith | VP, Channel Sales & Business Development | Leadership |
Joe Surdin-Maloney | Director, Product Design | Leadership |
Jason Meltzer | Co-founder & CTO | Leadership |
Patrick Kann | CEO And Co-founder | Leadership |
Jeff Ho | VP Of Operations | Leadership |
Scott Goldman | Head Of Product Growth | Leadership |
Pedro A Silva (Seattle) | Head Of Finance | Leadership |
Andrew Miller | VP, Business Development | Leadership |
Anthony Peculic | VP, Strategic Partnerships | Leadership |
Josh M. | Product | Team |
Chris Del Bene | Senior Product Designer | Team |
Jared Tafralian | Architect/Principal Engineer | Team |
Yuriy Kulibaba | Software Engineer | Team |
Vedika Birla | Software Engineer | Team |
Vasilisa Lukashina | QA Automation Engineer | Team |
Aleph S. | Software engineer | Team |
Daniel Clendenning | Senior Software Engineer | Team |
Francisco Mateus Vasconcelos Goncavels | Senior Software Engineer | Team |
Julien Guérand | Senior Algorithm Engineer | Team |
Miguel Sánchez Valdés | Engineering Manager | Team |
13 more people are available in the full profile.
Complete people profiles for Papaya
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Papaya
2 dated milestones of Papaya across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Papaya is founded.
- Funding First funding round of $50.0M.
Competitors of Papaya
Papaya has 3 listed competitors in our database, 3 of them funded. They include Doxo, BillGO and Papaya Payments.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| doxo.com | 2008 | Seattle, United States | $36.95M | 51 | Bill payments are managed via a mobile app for users. | |
| billgo.com | 2015 | Fort Collins, United States | $176.51M | Bill payment processing solutions are provided for businesses and consumers. | ||
| ppaya.com | 2001 | Los Angeles, United States | $61M | 45 | Mobile app for bill payments via photo capture is provided. |
Detailed competitors of Papaya
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Papaya
The website of Papaya (papayapay.com) receives about 65.8K visits a month and ranks #416,921 among all websites worldwide, #2,124 in Insurance.
- Monthly visits65.8K
▼ 12.6% vs previous month
- Unique visitors44.1K
per month
- Global rank#416,921
among all websites
- Category rank#2,124
Finance · Insurance
- Bounce rate41%
- Pages per visit2.8
- Average visit57 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Papaya. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| papayaglobal.com | 100% | 193.3K | #208,766 | View details | |
| google.com | 38% | 85.8B | #1 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Papaya (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Papaya
Complete news archive for Papaya
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Frequently Asked Questions about Papaya
Papaya was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Papaya is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
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 2021.
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.
Papaya's top competitors include Doxo, BillGO and Papaya Payments.
Papaya offers Digital Billing, Quickpay Widget, and Paper Statements.
Papaya has 8 investors. Key investors include Bessemer Venture Partners, Sequoia Capital, Acrew Capital, 01 Advisors, and Mucker.
Papaya operates through Papaya Payments.
Yes. Papaya publishes Papaya: Pay Any Bill and 1 more app, with over 100,000 downloads.