About Payflex
Payflex is a company based in Johannesburg (South Africa) founded in 2017 was acquired by Zip in September 2021.. Payflex offers products and services including Installment Payments and Merchant Financing.
- Headquarter Johannesburg, South Africa
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- Legal Name Payflex, Inc
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Products & Services of Payflex
Payflex offers a comprehensive portfolio of products and services, including Installment Payments and Merchant Financing. 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.
Installment payments are offered for purchases, allowing splits into 3 or 4 parts without interest
Merchant financing is provided to support cashflow through quick applications and payment integrations
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Funding Insights of Payflex
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Payflex | Valuation |
investors |
| 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 Payflex
Payflex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Zip. 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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Payment solutions are provided for deferred purchasing by Zip.
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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 Payflex
| 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 - Payflex
| 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 |
Payflex Comparisons
Competitors of Payflex
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Payflex
When was Payflex founded?
Payflex was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Payflex located?
Payflex is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Payflex do?
Payflex was established in 2017 and is based in Johannesburg, South Africa. Operations in the fintech sector are managed, with a focus on buy-now-pay-later services that allow interest-free installment payments for online purchases. The companys activities are centered in the South African market, where digital payment options are facilitated through its domain, payflex.co.za. Limited public details are available on broader expansions or partnerships.
What products or services does Payflex offer?
Payflex offers Installment Payments and Merchant Financing.
Who are Payflex's investors?
Payflex has 1 investor. Key investors include Zip.
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