About PayFi
PayFi is a company based in Fort Lauderdale (United States) founded in 2016 was acquired by OV Loop in January 2021.. PayFi has raised $3.01 million across 3 funding rounds from investors including OV Loop. PayFi has completed 1 acquisition, including PRMPayments. PayFi operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Fort Lauderdale, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.01 M (USD)
in 3 rounds
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Latest Funding Round
$1.81 M (USD), Seed
Dec 18, 2018
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
OV Loop
(Jan 26, 2021)
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Funding Insights of PayFi
PayFi has successfully raised a total of $3.01M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.81 million completed in December 2018. 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 3
- Last Round Seed — $1.8M
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First Round
First Round
(14 Sep 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Seed - PayFi | Valuation |
investors |
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| Aug, 2017 | Amount | Seed - PayFi | Valuation |
investors |
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| Sep, 2016 | Amount | Seed - PayFi | 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 |
Investors in PayFi
PayFi has secured backing from 1 investor. Prominent investors backing the company include OV Loop. 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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Application offering payment fraud solutions
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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 PayFi
PayFi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PRMPayments. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment relationship management and banking services are provided by PRMPayments.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PayFi
| 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 |
Payfi Comparisons
Competitors of PayFi
PayFi 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 Stripe, PayPal, Flutterwave, Square and Wright Express, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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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 Payfi
Frequently Asked Questions about PayFi
When was PayFi founded?
PayFi was founded in 2016.
Where is PayFi located?
PayFi is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Is PayFi a funded company?
PayFi is a funded company, having raised a total of $3.01M across 3 funding rounds to date. The company's 1st funding round was a Seed of $700K, raised on Sep 14, 2016.
What does PayFi do?
PayFi offers a real-time payments platform to process various payment transactions for merchants, processors, and banks. Offers API library services to create a custom payment solution; consulting on electronic payment transaction processing across various channels, including real-time, ACH, RCC, eCheck, Internet, and mobile for banking, financial services, and merchant establishments; and merchant services that support small and large businesses. Provides treasury management portal for organizing and viewing financial accounts; and mobile payment processing services.
Who are the top competitors of PayFi?
PayFi's top competitors include Stripe, PayU and Flutterwave.
How many acquisitions has PayFi made?
PayFi has made 1 acquisition, including PRMPayments.
Who are PayFi's investors?
PayFi has 1 investor. Key investors include OV Loop.