About PayByCar
PayByCar is a company based in Boston (United States) founded in 2017.. PayByCar has raised $4 million across 1 funding round. PayByCar offers products and services including PayByCar Service and Smart Tag. PayByCar operates in a competitive market with competitors including Car IQ, Giant Eagle Prepaid, MineralAnswers, Fleet DriverDash and ZwiftPay, among others.
- Headquarter Boston, United States
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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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- Legal Name Paybycar, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Apr 26, 2022
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Investors
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Employee Count
Employee Count
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Products & Services of PayByCar
PayByCar offers a comprehensive portfolio of products and services, including PayByCar Service and Smart Tag. 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 touchless payments for gas and parking via text.
Enables RFID-based transactions at participating locations.
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Funding Insights of PayByCar
PayByCar has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in April 2022. 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 Seed — $4.0M
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First Round
First Round
(26 Apr 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - PayByCar | Valuation |
investors |
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| 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 |
Investments & Acquisitions by PayByCar
| 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 - PayByCar
| 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 |
Paybycar Comparisons
Competitors of PayByCar
PayByCar 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 Car IQ, Giant Eagle Prepaid, MineralAnswers, Fleet DriverDash and ZwiftPay, 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 |
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| domain | founded_year | HQ Location |
Contactless in-vehicle payments for commercial fleet fuel transactions are enabled.
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Provides a mobile app for convenient fuel payments.
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| domain | founded_year | HQ Location |
Portal providing information and news about oil and gas industry
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| domain | founded_year | HQ Location |
Delivers a mobile app for seamless fuel payments and transactions.
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| domain | founded_year | HQ Location |
Facilitates contactless payments specifically at gas stations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Paybycar
Frequently Asked Questions about PayByCar
When was PayByCar founded?
PayByCar was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is PayByCar located?
PayByCar is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is PayByCar a funded company?
PayByCar is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Apr 26, 2022.
What does PayByCar do?
PayByCar was founded in 2017 and is headquartered in Boston, United States. The company operates in the toll payment sector, offering online solutions where payments are processed via text messages. Users receive notifications after passing toll points, respond to confirm, and complete transactions securely without requiring cash, cards, or mobile applications. Integration with E-ZPass is utilized to streamline the process for drivers.
Who are the top competitors of PayByCar?
PayByCar's top competitors include Car IQ, MineralAnswers and Giant Eagle Prepaid.
What products or services does PayByCar offer?
PayByCar offers PayByCar Service and Smart Tag.