About Payable
Payable is a Technology company based in San Francisco (United States) founded in 2013, and was acquired by Stripe in July 2017. It operates as a cloud-based payroll solutions are provided for businesses and contractors. It operates in the Technology and Financial Services sectors. Payable has raised $2.1 million across 3 funding rounds from investors including Stripe, Lerer Hippeau and General Catalyst. The company has 4,494 employees. Its focus areas include FinTech, Finance & Accounting Tech, Payroll Management and Payments. Its legal entity is STRIPE, INC. Its competitors include Gusto, Paylocity, Justworks, Earnin and Papaya Global and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Payable was founded in 2013 in San Francisco, United States, where cloud-based payroll management solutions are offered to businesses. An app is utilized by contractors for tracking and billing hours, managing multiple employers, and preparing tax filings, with certain features pending IRS approvals. Services extend to 1099-based on-demand startups and other small to medium-sized businesses that handle regular contractor payments.
- Headquarters San Francisco, United States
- Employees 4,494
- SectorsTechnologyFinancial Services
- Website payable.com
- Social LinkedIn X
- Acquired by Stripe (Jul 2017)
- Legal Name Stripe, Inc.
Funding Insights of Payable
Payable has successfully raised a total of $2.1M across 3 strategic funding rounds. 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 $2.1M
- Total Rounds 3
- Investors Count 9
All 3 funding rounds of Payable 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 2015 | – | Seed | – | – | |
| Aug 2015 | $2.1M | Seed | – | – | |
| Jun 2014 | – | Seed | – | – |
10 investors in total: 10 institutional.
Investors in Payable
Payable has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Stripe, Lerer Hippeau and General Catalyst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and transformation services for entrepreneurs in technology and finance sectors. | – | generalcatalyst.com | - | |
Freestyle VC is engaged in seed funding for tech startups. | – | freestyle.vc | Larkspur, United States | |
Redpoint Ventures is engaged in venture capital investments. | – | redpoint.com | Woodside, United States | |
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Early-stage US companies are invested in by Rothenberg Ventures. | – | rothenbergventures.com | San Francisco, United States | |
Early-stage US startups are invested in by Moment Ventures. | – | momentventures.com | Hanalei, United States | |
Early-stage investments are directed toward disruptive technologies and innovations. | – | acme.vc | San Francisco, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
A modular search solution is offered for Django applications. | – | haystacksearch.org | - | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | stripe.com | San Francisco, United States |
Investor details for Payable
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Payable
926 people are tracked at Payable (178 in leadership, 7 in board & advisors, 741 in team); the tracked headcount is 4,494.
| Name | Role | Group |
|---|---|---|
Katie Dill | Head of Design | Leadership |
Laura Buhler | Head Of Ai, Startup, & Community Marketing | Leadership |
Dan H. | Head Of Consumer Product | Leadership |
Margot Mazur | Global Partner Marketing, Payments Partners | Leadership |
Holly Tiwari | Head Of UX Assurance | Leadership |
Patrick Collison | Co-Founder & CEO | Leadership |
Rob Miles | Head Of Observability | Leadership |
Margreet Brenkman | Head Of Northern And Southern Europe & MEA | Leadership |
Sydney Swiatkowski | Administrative Business Partner | Leadership |
Ryan Ball | Head Of Sales, East - Stripe Billing | Leadership |
Julie Ann Smith | Head Of Brand Marketing | Leadership |
Vishal Melwani | Head Of Global Product Compliance | Leadership |
Lepi Jha Fishman | Product Manager, Head Of Enterprise Product | Leadership |
Ranjit Balijepalli | Head Of Product, Uk, IE And Nordics | Leadership |
Elisa Coluccia | Head Of Engineering, Stripe Tax Experience | Leadership |
Aidan Foley | Head Of Engineering - Payments Conversion | Leadership |
Deb Convery | Head Of Talent Mobility | Leadership |
Emma Balogun | Talent Mobility Business Partner | Leadership |
Randy Paddy | Global Head Of Solution Architects, Stripe Billing | Leadership |
Jeff Titterton | Chief Marketing Officer | Leadership |
906 more people are available in the full profile.
Complete people profiles for Payable
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Payable
4 dated milestones of Payable across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Payable is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
- Exit Acquired by Stripe.
Competitors of Payable
Payable has 10 listed competitors in our database, 9 of them funded. They include Gusto, Paylocity, Justworks, Earnin and Papaya Global, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| papayaglobal.com | 2016 | New York, United States | $440M | – | Cloud-based payroll management solutions are offered for businesses. | |
| ultimatesoftware.com | 1990 | Weston, United States | – | 10,754 | Cloud-based payroll and talent management software is offered to businesses. | |
| payscale.com | 2002 | Seattle, United States | $117.62M | 299 | Payroll compensation management software is provided for businesses. | |
| exactuals.com | 2011 | Los Angeles, United States | $20.6M | – | Cloud-based payroll management is delivered to enterprises in creative sectors. | |
| salary.com | 1999 | Waltham, United States | $67M | 145 | On-demand compensation, payroll, and performance tools are provided for enterprises. | |
| zenefits.com | 2013 | Tempe, United States | $598.27M | 242 | Cloud-based HR and payroll management solutions are offered. |
Detailed competitors of Payable
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as Payable (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Payable
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Frequently Asked Questions about Payable
Payable was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Payable is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Payable is a funded company, having raised a total of $2.1M across 3 funding rounds to date.
Payable has 4,494 employees.
Payable was founded in 2013 in San Francisco, United States, where cloud-based payroll management solutions are offered to businesses. An app is utilized by contractors for tracking and billing hours, managing multiple employers, and preparing tax filings, with certain features pending IRS approvals. Services extend to 1099-based on-demand startups and other small to medium-sized businesses that handle regular contractor payments.
Payable has 10 investors. Key investors include Stripe, Lerer Hippeau, General Catalyst, Freestyle VC, and Redpoint Ventures.
Payable operates through Stripe, Inc..
Yes. Payable was acquired by Stripe in July 2017.