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
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $11.2M
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First Round
First Round
(28 Apr 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series C - Payforward | Valuation |
investors |
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| Sep, 2019 | Amount | Series B - Payforward | Valuation |
investors |
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| Nov, 2017 | Amount | Series A - Payforward | 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 Payforward
| 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 - Payforward
| 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 |
Payforward Comparisons
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. 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 |
Targeted promotions are integrated into transactions via alternative payment platform.
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| domain | founded_year | HQ Location |
Reward-based payment and engagement solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Rewards programs are utilized for alternate customer payments at merchants.
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| domain | founded_year | HQ Location |
Cashback rewards are provided via card-linked partner business transactions.
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| domain | founded_year | HQ Location |
Card-based cashback platform
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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 Payforward
Frequently Asked Questions about Payforward
When was Payforward founded?
Payforward was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Payforward located?
Payforward is headquartered in Santa Clarita, United States. It is registered at Santa Clarita, California, United States.
Who is the current CEO of Payforward?
Steve Marks is the current CEO of Payforward. They have also founded this company.
Is Payforward a funded company?
Payforward is a funded company, having raised a total of $32.16M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Apr 28, 2015.
What does Payforward do?
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.
Who are the top competitors of Payforward?
Payforward's top competitors include TrialPay, myGini and RewardsPay.