About PayIt
PayIt is a Financial Services company based in Mexico City (Mexico) founded in 2015, and was acquired by Rappi in February 2019. Merchant card payment processing and EPOS solutions are provided. The company was acqui-hired. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include Pagaloop, Claro Pay and Zave App; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2015 and based in Mexico City, Mexico, PayIt operates in the financial services sector, focusing on merchant payment processing. Integrated point-of-sale systems, online and in-person transaction handling, and phone-based payments are supported through merchant accounts and e-commerce gateways. Proactive rate reviews, PCI DSS compliance for fraud prevention, dedicated account management, and technical support are included to facilitate operations for businesses of various sizes.
- InvestorsStartupbootcamp
& 2 more
- Acquired byRappi
(Feb 2019)
Funding Insights of PayIt
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of PayIt 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 |
|---|---|---|---|---|---|
| Oct 2017 | Seed | – | Startupbootcamp, Finnovista | – |
3 investors in total: 3 institutional.
Investors in PayIt
PayIt has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Startupbootcamp, Finnovista and Rappi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused global accelerator firm | startupbootcamp.org | London, United Kingdom | ||
Startups in the FinTech sector are accelerated by Finnovista. | finnovista.com | Madrid, Spain | ||
Rappi is operated as an on-demand delivery platform in Mexico. | rappi.com.mx | Mexico |
Investor details for PayIt
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.
Timeline of PayIt
3 dated milestones of PayIt across 4 years, from founding to its latest funding, stage changes and deals.
- Founded PayIt is founded.
- Funding First funding round.
- Exit Acquired by Rappi.
Competitors of PayIt
PayIt has 3 listed competitors in our database, 2 of them funded. They include Pagaloop, Claro Pay and Zave App.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pagaloop.com | 2019 | Mexico | $125,000 | Card-linked wallet is provided for consumer payments via mobile app. | ||
| claropay.com | 2013 | Miguel Hidalgo, Mexico | Mobile app for sending money, paying bills, and recharging airtime services. | |||
| zaveapp.com | 2013 | Mexico | $20,230 | Purchases are rounded up, and spare change is saved automatically. |
Detailed competitors of PayIt
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Related news about Payit
Complete news archive for PayIt
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about PayIt
PayIt was founded in 2015 and raised its 1st funding round 2 years after it was founded.
PayIt is headquartered in Mexico City, Mexico.
Founded in 2015 and based in Mexico City, Mexico, PayIt operates in the financial services sector, focusing on merchant payment processing. Integrated point-of-sale systems, online and in-person transaction handling, and phone-based payments are supported through merchant accounts and e-commerce gateways. Proactive rate reviews, PCI DSS compliance for fraud prevention, dedicated account management, and technical support are included to facilitate operations for businesses of various sizes.
PayIt has 3 investors. Key investors include Startupbootcamp, Finnovista, and Rappi.
Yes. PayIt was acquired by Rappi in February 2019.