About Payitoff
Payitoff is a company based in New York (United States) founded in 2017 was acquired by Array in October 2024. Payitoff has raised $8.5 million across 1 funding round from investors including Lightspeed Venture Partners, Social Leverage and Array. Payitoff operates in a competitive market with competitors including Charlie, Freedom Financial Network, EarnUp, Student Loan Hero and Harvest Platform, among others.
- Headquarter New York, United States
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Sectors
EducationFinancial Services
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Phone
Locked
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Website
Locked
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Social
Locked
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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
$8.5 M (USD)
in 1 rounds
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Latest Funding Round
$8.5 M (USD), Seed
Nov 10, 2021
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Investors
Lightspeed Venture Partners
& 4 more
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Employee Count
Not available
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Acquired by
Array
(Oct 28, 2024)
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People of Payitoff
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Funding Insights of Payitoff
Payitoff has successfully raised a total of $8.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $8.5 million completed in November 2021. 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 Payitoff
Payitoff has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Social Leverage and Array.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors
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Venture capital firm focused on multiple sectors
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Investor details for Payitoff
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Investments & Acquisitions by Payitoff
Investment portfolio details for Payitoff
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Financial Statements - Payitoff
Detailed financials for Payitoff
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Payitoff Comparisons
Peer comparison for Payitoff
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Competitors of Payitoff
Payitoff 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 Charlie, Freedom Financial Network, EarnUp, Student Loan Hero and Harvest Platform, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Expenses and income are tracked via AI text-based tool.
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Debt consolidation and relief solutions are provided to individuals.
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Consumer debt is repaid online via automated micropayments.
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Online platform for Student debt tools, calculators, and repayment plans
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Platform for identifying negotiable fees with banks
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Detailed competitors of Payitoff
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Latest news on Payitoff
Complete news archive for Payitoff
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Frequently Asked Questions about Payitoff
Payitoff was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Payitoff is headquartered in New York, United States. It is registered at New York, New York, United States.
Payitoff is a funded company, having raised a total of $8.5M across 1 funding round to date.
Founded in 2017 and based in New York, United States, Payitoff operates in the fintech sector focused on student loans. API-based tools are provided for loan assessment, enrollment processes, customer engagement, and financial guidance. These services facilitate repayment options with reduced interest rates, assisting borrowers in managing existing debts more effectively within the lending ecosystem.
Payitoff's top competitors include Freedom Financial Network, EarnUp and Charlie.
Payitoff has 5 investors. Key investors include Lightspeed Venture Partners, Social Leverage, Array, Sound Ventures, and Struck Capital.