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
*********
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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
$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
Employee Count
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Acquired by
Array
(Oct 28, 2024)
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $8.5M
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First Round
First Round
(10 Nov 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Payitoff | Valuation | Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 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. 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 investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple 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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Payitoff
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Payitoff
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payitoff Comparisons
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. 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Online platform for Student debt tools, calculators, and repayment plans
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| domain | founded_year | HQ Location |
Platform for identifying negotiable fees with banks
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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 Payitoff
Frequently Asked Questions about Payitoff
When was Payitoff founded?
Payitoff was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Payitoff located?
Payitoff is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Payitoff a funded company?
Payitoff is a funded company, having raised a total of $8.5M across 1 funding round to date. The company's 1st funding round was a Seed of $8.5M, raised on Nov 10, 2021.
What does Payitoff do?
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.
Who are the top competitors of Payitoff?
Payitoff's top competitors include Freedom Financial Network, EarnUp and Charlie.
Who are Payitoff's investors?
Payitoff has 5 investors. Key investors include Lightspeed Venture Partners, Social Leverage, Array, Sound Ventures, and Struck Capital.
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