About Payforward
Payforward is a company based in Santa Clarita (United States) founded in 2013 by Steve Marks, Armando Rand, and Ronnie Silos. Payforward has raised $32.16 million across 5 funding rounds. Payforward operates in a competitive market with competitors including TrialPay, myGini, RewardsPay, Thanks Again and It's My Michigan, among others.
- Headquarter Santa Clarita, United States
- Founders Steve Marks, Armando Rand, Ronnie Silos
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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
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$32.16 M (USD)
in 5 rounds
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Latest Funding Round
$11.25 M (USD), Series C
Nov 24, 2020
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Investors
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Employee Count
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People of Payforward
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Funding Insights of Payforward
Payforward has successfully raised a total of $32.16M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $11.25 million completed in November 2020. 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.
Investments & Acquisitions by Payforward
Investment portfolio details for Payforward
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Financial Statements - Payforward
Detailed financials for Payforward
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Payforward Comparisons
Peer comparison for Payforward
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Competitors of Payforward
Payforward 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 TrialPay, myGini, RewardsPay, Thanks Again and It's My Michigan, among others.
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Targeted promotions are integrated into transactions via alternative payment platform.
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Reward-based payment and engagement solutions are provided for businesses.
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Rewards programs are utilized for alternate customer payments at merchants.
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Cashback rewards are provided via card-linked partner business transactions.
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Card-based cashback platform
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Detailed competitors of Payforward
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Latest news on Payforward
Complete news archive for Payforward
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Frequently Asked Questions about Payforward
Payforward was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Payforward is headquartered in Santa Clarita, United States. It is registered at Santa Clarita, California, United States.
Steve Marks is the current CEO of Payforward. They have also founded this company.
Payforward is a funded company, having raised a total of $32.16M across 5 funding rounds to date.
Founded in 2013 in Santa Clarita, United States, Payforward operates in the fintech sector as a reward-based payment and incentive engagement platform. Prepaid Visa debit cards are issued to customers, linked to a mobile app and personal debit or credit cards. Cashback is earned on purchases and managed through the app for spending, sharing, saving, or instant transfers. Services target both consumers and businesses in the United States.
Payforward's top competitors include TrialPay, myGini and RewardsPay.