About PayGround
PayGround is a Technology company based in Gilbert (United States) founded in 2010 by Drew Mercer and Jared Totolo. Cloud-based invoice payment solutions are provided to businesses. It operates in the Technology and Financial Services sectors. PayGround has raised $29.33 million across 4 funding rounds from investors including Plug and Play Tech Center, SixThirty and Rally Ventures. Its chief executive, as recorded, is Drew Mercer. Its website payground.com draws about 32 thousand monthly visits. Its focus areas include FinTech, Payments, Business Payments and Mass Payouts. Its competitors include Bill.com, Billtrust and AvidXchange; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Gilbert, United States
- Founders Drew Mercer, Jared Totolo
- SectorsTechnologyFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website home.payground.com
- Social LinkedIn X Facebook
- Total Equity Funding$29.33M (USD)
in 4 rounds
- Latest Funding Round$19.73M (USD), Series A
May 2023
- InvestorsPlug and Play Tech Center
& 6 more
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 $29.33M
- Total Rounds 4
- Last Round Series A — $19.73M
- First Round $100,000
(Mar 2020)
- Investors Count 7
All 4 funding rounds of PayGround with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $19.73M | Series A | – | SixThirty | |
| Jul 2022 | $5.5M | Series A | – | FCA Venture Partners, Lewis & Clark Ventures | |
| Mar 2021 | $4M | Seed | – | Triventures | |
| Mar 2020 | $100,000 | Seed | – | – | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | sixthirty.co | St. Louis, United States | ||
Early-stage VC firm investing in the US | rallyventures.com | Menlo Park, United States | ||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Venture capital firm focused on tech startups | iacapgroup.com | New York, United States | ||
Offline-focused VC firm investing primarily in the US | fcavp.com | Brentwood, United States | ||
Early-stage venture capital investments are made across the US. | lewisandclarkventures.com | St. Louis, United States | ||
Venture capital firm investing in early stage healthcare startups | triventures.vc | Herzliya, Israel |
Investor details for PayGround
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayGround
24 people are tracked at PayGround (12 in leadership, 6 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Drew Mercer | Co-Founder & CEO | Leadership |
Jared Totolo | Co-Founder | Leadership |
Adam Younger | Chief Strategy Officer | Leadership |
Kashif Masood | Chief Technology Officer | Leadership |
Josh Ray | Director Of Finance | Leadership |
Katie Cronin | Director, Engineering | Leadership |
Andy Rellihan | Chief Commercial Officer | Leadership |
Joe Karl | Enterprise Sales Director | Leadership |
Jana Berrelleza | Director, Marketing | Leadership |
Dennis Elder | Director, Product Management | Leadership |
Jason Wallis | Chief Technology Officer | Leadership |
Chris Connor | Business Development Chief | Leadership |
Jeff Hurst | Advisor | Board & advisors |
Daniel Johnson | Advisor | Board & advisors |
Matt Provo | Advisor | Board & advisors |
Neil Brown | Advisor | Board & advisors |
Netalie Nadivi | Advisor | Board & advisors |
Karim R. Lakhani | Advisor | Board & advisors |
Bruce Deen | Principal Engineer | Team |
Jennifer Karavakis | Senior Front-End Software Engineer | Team |
4 more people are available in the full profile.
Complete people profiles for PayGround
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayGround
3 dated milestones of PayGround across 13 years, from founding to its latest funding, stage changes and deals.
- Founded PayGround is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series A, of $19.7M.
Competitors of PayGround
PayGround has 3 listed competitors in our database, 3 of them funded. They include Bill.com, Billtrust and AvidXchange.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| billtrust.com | 2001 | Hamilton Township, United States | $105M | Invoice and payment management solutions are offered for small businesses. | ||
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. |
Detailed competitors of PayGround
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayGround
The website of PayGround (payground.com) receives about 31.8K visits a month and ranks #747,925 among all websites worldwide, #3,414 in Insurance.
- Monthly visits31.8K
▼ 11.6% vs previous month
- Unique visitors18.9K
per month
- Global rank#747,925
among all websites
- Category rank#3,414
Finance · Insurance
- Bounce rate48%
- Pages per visit2.8
- Average visit2 min 13 sec
- DevicesDesktop 71% · Mobile 29%
Websites whose visitors overlap most with PayGround. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| citi.com | 100% | 138.9M | #349 | View details | |
| amazon.com | 52% | 2.7B | #9 | View details | |
| youtube.com | 48% | 30.4B | #2 | View details | |
| reddit.com | 46% | 4.4B | #9 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as PayGround (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about 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 CEO of PayGround, as recorded in our data. They have also founded this 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 $100K, raised on Mar 2020.
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 Billtrust.
PayGround has 7 investors. Key investors include Plug and Play Tech Center, SixThirty, Rally Ventures, IA Capital Group, and FCA Venture Partners.