About Parallax
Parallax is a Financial Services company based in New York (United States) founded in 2022 by Mikaela Reyes and Alex Kuang. Parallax is focused on simplifying global payments for freelancers. It operates on a FinTech and Commission-Based model. Parallax has raised $4.5 million across 1 funding round from investors including DRAGONFLY, Circle Ventures and General Catalyst. Its chief executive, as recorded, is Mikaela Reyes. Its website withparallax.com draws about 17 thousand monthly visits. Parallax offers products and services including Global Payment Account and Card Deposits. Its focus areas include FinTech and Payment Solutions. Its legal entity is Parallax Labs, Inc. Its competitors include Intermex, Western Union and VERTO; 1 of its 3 listed competitors has raised funding.
Company details
Parallax is dedicated to providing seamless cross-border payment solutions for freelancers and remote workers across over 30 countries. Services are designed to ensure faster payments with lower fees and no hidden costs. The platform supports USD and EUR transactions, card payments, and instant transfers. Security and transparency are prioritized through strict regulatory compliance and user-controlled wallets. The mission is centered on creating the easiest way to receive international payments.
- Headquarters New York, United States
- Founders Mikaela Reyes, Alex Kuang
- SectorsFinancial Services
- Email••••••••
- Website withparallax.com/en
- Social LinkedIn X Instagram
- Legal Name Parallax Labs, Inc.
- Total Equity Funding$4.5M (USD)
in 1 rounds
- Latest Funding Round$4.5M (USD), Seed
Aug 2023
- InvestorsDRAGONFLY
& 8 more
Products & Services of Parallax
Parallax offers a comprehensive portfolio of products and services, including Global Payment Account and Card Deposits.
Global earnings are withdrawn effortlessly without hidden fees.
Client payments are accepted via credit or debit cards.
Funding Insights of Parallax
Parallax has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 million completed in August 2023. 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 $4.5M
- Total Rounds 1
- Last Round Seed — $4.5M
- First Round $4.5M
(Aug 2023)
- Investors Count 9
All 1 funding rounds of Parallax 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 |
|---|---|---|---|---|---|
| Aug 2023 | $4.5M | Seed | – | DRAGONFLY |
9 investors in total: 7 institutional and 2 angel.
Investors in Parallax
Parallax has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DRAGONFLY, Circle Ventures and General Catalyst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | |||
Blockchain startups are invested in by gCC venture capital fund. | gumi-cryptos.com | San Francisco, United States | ||
Venture capital investment firm | palmdrive.vc | New York, United States | ||
Early-stage investments are made by Comma Capital in startups. | comma.vc | New York City, United States | ||
FirsthandVC is focused on investing in B2B autonomous AI startups. | firsthand.vc | New York City, United States | ||
Proprietary platform builds and supports innovative projects to lower living expenses. | 2015 | circleventures.com | New York, United States | |
BS Balaji Srinivasan | unknown_ed4dcba933184d199 | |||
ZA Zach Abrams | Angel investor focusing on Indian startups, based in Bengaluru. | unknown_94ee976f677942619 |
Investor details for Parallax
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 Parallax
8 people are tracked at Parallax (4 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Mikaela Reyes | Co-Founder & CEO | Leadership |
Alex Kuang | Co-Founder | Leadership |
Allison Pickens | COO And GP | Leadership |
Nate Punzalan | Head Of Growth | Leadership |
Gabriel Kho | Product Lead | Team |
Nikhil Kumar | Product & BD Lead | Team |
Anna Yuan | Strategy Lead | Team |
Angela Santurbano | Fintech Product Lead | Team |
Complete people profiles for Parallax
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 Parallax
2 dated milestones of Parallax across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Parallax is founded.
- Funding First funding round of $4.5M.
Competitors of Parallax
Parallax has 3 listed competitors in our database, 1 of them funded. They include Intermex, Western Union and VERTO.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intermexonline.com | 1994 | Miami, United States | Cross-border remittances are enabled for individuals and businesses. | |||
| westernunion.com | 1851 | Denver, United States | 196 | Provider of remittance services | ||
| vertofx.com | 2017 | Palo Alto, United States | $12.1M | 47 | Cross-border payments and foreign exchange solutions are provided to businesses. |
Detailed competitors of Parallax
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 Parallax
The website of Parallax (withparallax.com) receives about 16.7K visits a month.
- Monthly visits16.7K
▲ 17.9% vs previous month
Websites whose visitors overlap most with Parallax. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nomadgate.com | 100% | #387,327 | View details | ||
paperform.co | paperform.co | 100% | #37,731 | – | |
| riamoneytransfer.com | 100% | 1.6M | #34,811 | View details | |
bitpinas.com | bitpinas.com | 80% | #526,750 | – | |
| everee.com | 64% | 47.6K | #395,847 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Parallax
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Forex Tech
3 companies that operate in the same segment as Parallax (Forex Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | ||
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | |||
Cross-border payments and foreign exchange solutions are provided to businesses. | 2017 | Palo Alto, California, United States | USD 12.1 M |
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Frequently Asked Questions about Parallax
Parallax was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Parallax is headquartered in New York, United States. It is registered at New York, New York, United States.
Mikaela Reyes is the CEO of Parallax, as recorded in our data. They have also founded this company.
Parallax is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on Aug 2023.
Parallax is dedicated to providing seamless cross-border payment solutions for freelancers and remote workers across over 30 countries. Services are designed to ensure faster payments with lower fees and no hidden costs. The platform supports USD and EUR transactions, card payments, and instant transfers. Security and transparency are prioritized through strict regulatory compliance and user-controlled wallets. The mission is centered on creating the easiest way to receive international payments.
Parallax's top competitors include VERTO, Western Union and Intermex.
Parallax offers Global Payment Account and Card Deposits.
Parallax has 9 investors. Key investors include DRAGONFLY, Circle Ventures, General Catalyst, Balaji Srinivasan, and Zach Abrams.
Parallax operates through Parallax Labs, Inc..