About PastPay
PastPay is a company based in Budapest (Hungary) founded in 2019 by Benjamin Berenyi and Balint Reti.. PastPay has raised $13.26 million across 1 funding round from investors including Advance Global Capital, MBH Bank and unknown. PastPay offers products and services including BNPL Payment Option and PastPay Portal. PastPay operates in a competitive market with competitors including Kriya, Hokodo, Playter, Treyd and Cutpay Merchant Services, among others.
- Headquarter Budapest, Hungary
- Founders Benjamin Berenyi, Balint Reti
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.26 M (USD)
in 1 rounds
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Latest Funding Round
$13.26 M (USD), Series A
Sep 10, 2024
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Investors
Advance Global Capital
& 7 more
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Employee Count
Employee Count
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Products & Services of PastPay
PastPay offers a comprehensive portfolio of products and services, including BNPL Payment Option and PastPay Portal. 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.
Facilitates deferred payments for B2B buyers with instant merchant funds.
Manages multichannel payments and invoice financing for merchants.
Funding Insights of PastPay
PastPay has successfully raised a total of $13.26M through 1 strategic funding round. The most recent funding activity was a Series A round of $13.26 million completed in September 2024. 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 A — $13.3M
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First Round
First Round
(10 Sep 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - PastPay | Valuation | Platina |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PastPay
PastPay has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Advance Global Capital, MBH Bank and unknown. 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 |
|---|---|---|---|---|
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STRT Holding is engaged in investment and education in Central Europe.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity investments and support for entrepreneurs in education, health, and sustainability sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PastPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PastPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pastpay Comparisons
Competitors of PastPay
PastPay 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 Kriya, Hokodo, Playter, Treyd and Cutpay Merchant Services, 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 |
Diversified business loans, payments, and authentication solutions are provided online.
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| domain | founded_year | HQ Location |
API for invoicing platforms and marketplaces is developed.
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| domain | founded_year | HQ Location |
Cloud-based financing is provided for enterprise recruitment processes.
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| domain | founded_year | HQ Location |
An online platform for BNPL solutions is offered to businesses.
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| domain | founded_year | HQ Location |
Payment gateway for card payment solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pastpay
Frequently Asked Questions about PastPay
When was PastPay founded?
PastPay was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Where is PastPay located?
PastPay is headquartered in Budapest, Hungary.
Who is the current CEO of PastPay?
Benjamin Berenyi is the current CEO of PastPay. They have also founded this company.
Is PastPay a funded company?
PastPay is a funded company, having raised a total of $13.26M across 1 funding round to date. The company's 1st funding round was a Series A of $13.26M, raised on Sep 10, 2024.
What does PastPay do?
PastPay was founded in 2019 and is headquartered in Budapest, Hungary. Payment solutions tailored for e-commerce merchants are provided, with a focus on B2B operations. Tasks such as overcoming payment constraints and reducing outstanding receivables are handled through the platform. Services support merchants in managing financial workflows within the fintech sector.
What products or services does PastPay offer?
PastPay offers BNPL Payment Option and PastPay Portal.
Who are PastPay's investors?
PastPay has 8 investors. Key investors include Advance Global Capital, MBH Bank, unknown, STRT Holding, and BnL Start Partners.