About Payday
Payday is a company based in Vancouver (Canada) founded in 2021 by Favour Ori was acquired by Bitmama in December 2023. It operates as a FinTech and Subscription Services. Payday has raised $5 million across 2 funding rounds from investors including Moniepoint, Bitmama and Microtraction. Payday offers products and services including Payday Virtual Card, Global Accounts, and Money Transfers. Payday operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter Vancouver, Canada
- Founders Favour Ori
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$5 M (USD)
in 2 rounds
-
Latest Funding Round
$3 M (USD), Seed
Mar 29, 2023
-
Investors
Moniepoint
& 22 more
-
Employee Count
Not available
-
Acquired by
Bitmama
(Dec 05, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Payday
Payday offers a comprehensive portfolio of products and services, including Payday Virtual Card, Global Accounts, and Money Transfers.
Virtual Mastercard is provided for online transactions globally.
Multiple currency accounts are offered for global banking.
Fast global money transfers are facilitated through Payday.
People of Payday
Unlock access to complete
Funding Insights of Payday
Payday has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in March 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.
Investors in Payday
Payday has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Moniepoint, Bitmama and Microtraction.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Locked | Locked | Locked | |
|
Early-stage investments are directed toward tech-enabled firms.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Payday
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Payday
Investment portfolio details for Payday
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Payday
Detailed financials for Payday
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Payday Comparisons
Peer comparison for Payday
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Payday
Payday 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 Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cross-border money transfers are facilitated via banking networks.
|
|
| Locked | Locked | Locked |
Electronic payments and transaction processing solutions are offered globally.
|
|
| Locked | Locked | Locked |
Cross-border money transfers are enabled via a digital banking channel.
|
|
| Locked | Locked | Locked |
Cross-border money transfers are enabled via banking channels.
|
|
| Locked | Locked | Locked |
Online foreign exchange and remittance services are facilitated in India.
|
|
| Locked | Locked | Locked |
International money transfer service provider.
|
Detailed competitors of Payday
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Payday
Complete news archive for Payday
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Payday
Payday was founded in 2021.
Payday is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Payday is a funded company, having raised a total of $5M across 2 funding rounds to date.
Payday is engaged in providing digital banking solutions, including global money transfers and virtual Mastercard debit cards for online transactions. Services are extended to managing international bank accounts in multiple currencies such as USD, GBP, and EUR without hidden fees. The company operates primarily in the fintech sector, targeting freelancers, remote workers, and corporate employees with secure payment solutions. Operations are supported through partnerships with licensed transmitters in various jurisdictions.
Payday's top competitors include Azimo, Euronet Worldwide and NALA.
Payday offers Payday Virtual Card, Global Accounts, and Money Transfers.
Payday has 23 investors. Key investors include Moniepoint, Bitmama, Microtraction, Techstars, and Ingressive Capital.