About PayJoy
PayJoy is a company based in San Francisco (United States) founded in 2015.. PayJoy has raised $204.62 million across 12 funding rounds from investors including Citi, ITOCHU and Warburg Pincus. PayJoy offers products and services including Get a Phone, Get Credit, and Get a Loan. PayJoy operates in a competitive market with competitors including Klarna, Afterpay, Akulaku, Zip and Sunbit, among others.
- Headquarter San Francisco, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Payjoy India Private Limited
- Date of Incorporation 01 Nov, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$375.31 K (USD)-27.88as on Mar 31, 2022
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Net Profit
$33.59 K (USD)-33.08as on Mar 31, 2022
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EBITDA
$178.02 K (USD)-5.91as on Mar 31, 2022
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Total Equity Funding
$204.62 M (USD)
in 12 rounds
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Latest Funding Round
$140 M (USD), Debt – Conventional
Dec 03, 2025
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Investors
Citi
& 18 more
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Employee Count
Employee Count
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Products & Services of PayJoy
PayJoy offers a comprehensive portfolio of products and services, including Get a Phone, Get Credit, and Get a Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables smartphone purchase on credit with weekly payments.
Offers quick credit approval via app without bank account.
Provides loans for personal use in emerging markets.
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Funding Insights of PayJoy
PayJoy has successfully raised a total of $204.62M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $140 million completed in December 2025. 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 12
- Last Round Debt – Conventional — $140.0M
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First Round
First Round
(13 Oct 2015)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Debt – Conventional - PayJoy | Valuation |
investors |
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| Sep, 2023 | Amount | Debt – Conventional - PayJoy | Valuation |
investors |
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| Jul, 2023 | Amount | Series C - PayJoy | Valuation | Warburg Pincus |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 PayJoy
PayJoy has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, ITOCHU and Warburg Pincus. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Long-term private equity investments in transformational opportunities are pursued.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and 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.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayJoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayJoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 |
Payjoy Comparisons
Competitors of PayJoy
PayJoy 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 Klarna, Afterpay, Akulaku, Zip and Sunbit, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Point-of-sale financing is provided for various consumer products via installments.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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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 Payjoy
Frequently Asked Questions about PayJoy
When was PayJoy founded?
PayJoy was founded in 2015.
Where is PayJoy located?
PayJoy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is PayJoy a funded company?
PayJoy is a funded company, having raised a total of $204.62M across 12 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Oct 13, 2015.
What is the annual revenue of PayJoy?
Annual revenue of PayJoy is $375.31K as on Mar 31, 2022.
What does PayJoy do?
PayJoy provides an online platform for purchase financing. It facilitates finance for consumer electronics, changing an up-front purchase into a monthly installment plan. This applies to everything from televisions and smartphones to microwaves and air conditioners. Customers register for PayJoy at a local merchant with their Facebook account, phone number, and government-issued I.D.
What products or services does PayJoy offer?
PayJoy offers Get a Phone, Get Credit, and Get a Loan.
Who are PayJoy's investors?
PayJoy has 19 investors. Key investors include Citi, ITOCHU, Warburg Pincus, Western Technology Investment, and Invus.
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