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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of PayGround
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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.
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.
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Venture capital firm focused on multiple sectors
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Early-stage VC firm investing in the US
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Startups are accelerated and invested in across multiple tech sectors.
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Investor details for PayGround
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Investments & Acquisitions by PayGround
Investment portfolio details for PayGround
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Financial Statements - PayGround
Detailed financials for PayGround
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Payground Comparisons
Peer comparison for PayGround
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based accounts payable and receivable software for businesses
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Invoice and payment management solutions are offered for small businesses.
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Accounts payable and payment automation solutions are offered for businesses.
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Comprehensive billing and payment solution provider
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Online payment and invoicing solutions are offered to small businesses.
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of PayGround
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Latest news on Payground
Complete news archive for PayGround
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Frequently Asked Questions about PayGround
PayGround was founded in 2010 and raised its 1st funding round 10 years after it was founded.
PayGround is headquartered in Gilbert, United States. It is registered at Gilbert, Arizona, United States.
Drew Mercer is the current CEO of PayGround. They have also founded this company.
PayGround is a funded company, having raised a total of $29.33M across 4 funding rounds to date.
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.
PayGround's top competitors include Bill.com, AvidXchange and Paymentus.
PayGround has 7 investors. Key investors include Plug and Play Tech Center, SixThirty, Rally Ventures, IA Capital Group, and FCA Venture Partners.