About PayGround
PayGround is a company based in Gilbert (United States) founded in 2010 by Drew Mercer and Jared Totolo.. PayGround has raised $29.33 million across 4 funding rounds from investors including Plug and Play Tech Center, SixThirty and Rally Ventures. PayGround operates in a competitive market with competitors including Bill.com, Billtrust, AvidXchange, Paymentus and PaySimple, among others.
- Headquarter Gilbert, United States
- Founders Drew Mercer, Jared Totolo
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Sectors
TechnologyFinancial 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
$29.33 M (USD)
in 4 rounds
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Latest Funding Round
$19.73 M (USD), Series A
May 26, 2023
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Investors
Plug and Play Tech Center
& 6 more
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Employee Count
Employee Count
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Funding Insights of PayGround
PayGround has successfully raised a total of $29.33M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $19.73 million completed in May 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $19.7M
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First Round
First Round
(17 Mar 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - PayGround | Valuation | SixThirty | |
| Jul, 2022 | Amount | Series A - PayGround | Valuation | FCA Venture Partners , Lewis & Clark Ventures | |
| Mar, 2021 | Amount | Seed - PayGround | Valuation | Triventures |
| 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 PayGround
PayGround has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, SixThirty and Rally Ventures. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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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 PayGround
| 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 - PayGround
| 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 |
Payground Comparisons
Competitors of PayGround
PayGround 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 Bill.com, Billtrust, AvidXchange, Paymentus and PaySimple, 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 |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Online payment and invoicing solutions are offered to small businesses.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| 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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Latest news on Payground
Frequently Asked Questions about PayGround
When was PayGround founded?
PayGround was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Where is PayGround located?
PayGround is headquartered in Gilbert, United States. It is registered at Gilbert, Arizona, United States.
Who is the current CEO of PayGround?
Drew Mercer is the current CEO of PayGround. They have also founded this company.
Is PayGround a funded company?
PayGround is a funded company, having raised a total of $29.33M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Mar 17, 2020.
What does PayGround do?
PayGround was co-founded in 2010 by Drew Mercer and Jared Totolo in Gilbert, United States. Operations focus on the fintech sector, where cloud-based platforms enable invoice payments for businesses. Services include processing via credit and debit cards, bank transfers, and digital wallets. A dashboard is available for tracking transactions, invoices, and receipts. Accounts receivable tools are supplied to organizations, pharmacies, hospitals, and similar entities.
Who are the top competitors of PayGround?
PayGround's top competitors include Bill.com, AvidXchange and Paymentus.
Who are PayGround's investors?
PayGround has 7 investors. Key investors include Plug and Play Tech Center, SixThirty, Rally Ventures, IA Capital Group, and FCA Venture Partners.