About Payabill
Payabill is a Financial Services company based in Johannesburg (South Africa) founded in 2015 by Eli Michal. Working capital loans are provided to support business operations. Its chief executive, as recorded, is Eli Michal. Payabill offers products and services including International Trade Finance, Local Trade Finance, and Asset Finance. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include nifty, Finchoice and Unifi Credit.
Company details
Payabill was founded in 2015 in Johannesburg, South Africa, as a provider of working capital loans within the financial services sector. Loans are extended to businesses seeking short-term funding for operational needs. Operations are based in South Africa, with services focused on accessible financing solutions. The company is led by Co-Founder and CEO Eli Michal, emphasizing practical support for small and medium enterprises in the region.
- Headquarters Johannesburg, South Africa
- Founders Eli Michal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website payabill.biz
- Social LinkedIn X Facebook
- Investors
Products & Services of Payabill
Payabill offers a comprehensive portfolio of products and services, including International Trade Finance, Local Trade Finance, and Asset Finance.
Pays suppliers upfront to help businesses access global markets.
Funds local supplier payments for improved business cashflow.
Enables acquisition of business assets through immediate funding.
Funding Insights of Payabill
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Payabill 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 |
|---|---|---|---|---|---|
| Feb 2019 | Seed | – | Sasfin | – |
1 investors in total: 1 institutional.
Investors in Payabill
Payabill has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sasfin.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sasfin is recognized as a bank-controlling company offering specialist financial services in South Africa. | 1951 | sasfin.com | Johannesburg, South Africa |
Investor details for Payabill
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People of Payabill
1 people are tracked at Payabill (1 in leadership).
| Name | Role | Group |
|---|---|---|
Eli Michal | Co-Founder & CEO | Leadership |
Complete people profiles for Payabill
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Timeline of Payabill
2 dated milestones of Payabill across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Payabill is founded.
- Funding First funding round.
Competitors of Payabill
Payabill has 3 listed competitors in our database. They include nifty, Finchoice and Unifi Credit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| niftycredit.co.za | 2021 | Pretoria, South Africa | Personal loans are facilitated via an online application platform. | |||
| finchoice.co.za | 2006 | Pretoria, South Africa | Provides personal loans, financial accounts, and insurance to individual customers. | |||
| unifi.credit | 2018 | Stellenbosch, South Africa | Offers microfinance loans to employed individuals via branches and online platforms. |
Detailed competitors of Payabill
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Web traffic of Payabill
The website of Payabill (payabill.biz) receives about 2.2K visits a month.
- Monthly visits2.2K
▲ 61.4% vs previous month
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Frequently Asked Questions about Payabill
Payabill was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Payabill is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Eli Michal is the CEO of Payabill, as recorded in our data. They have also founded this company.
Payabill was founded in 2015 in Johannesburg, South Africa, as a provider of working capital loans within the financial services sector. Loans are extended to businesses seeking short-term funding for operational needs. Operations are based in South Africa, with services focused on accessible financing solutions. The company is led by Co-Founder and CEO Eli Michal, emphasizing practical support for small and medium enterprises in the region.
Payabill's top competitors include nifty, Finchoice and Unifi Credit.
Payabill offers International Trade Finance, Local Trade Finance, and Asset Finance.
Payabill has 1 investor. Key investors include Sasfin.