About PayKey
PayKey is a company based in Tel Aviv (Israel) founded in 2015. It operates as a FinTech. PayKey has raised $16.1 million across 5 funding rounds from investors including Yes Bank, Mastercard and T-Hub. PayKey offers products and services including Salary on Demand and Earned Wage Access (EWA). PayKey operates in a competitive market with competitors including Comviva, Zoop, Ondot Systems, Yoyo Wallet and Paydiant, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Decentralized Mobile Applications Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.1 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series B
Oct 19, 2017
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Investors
Yes Bank
& 15 more
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Employee Count
Employee Count
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Products & Services of PayKey
PayKey offers a comprehensive portfolio of products and services, including Salary on Demand and Earned Wage Access (EWA). 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.
Instant access to earned income is provided before payday.
Early wage access is enabled for employees by banks.
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Funding Insights of PayKey
PayKey has successfully raised a total of $16.1M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in October 2017. 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 5
- Last Round Series B — $10.0M
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First Round
First Round
(22 Nov 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - PayKey | Valuation | MizMaa | |
| Jul, 2017 | Amount | Series A - PayKey | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - PayKey | Valuation |
investors |
| 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 PayKey
PayKey has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Yes Bank, Mastercard and T-Hub. 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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Early-stage venture capital investments in Israeli deep-technology startups are made.
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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 | |
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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 PayKey
| 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 - PayKey
| 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 |
Paykey Comparisons
Competitors of PayKey
PayKey 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 Comviva, Zoop, Ondot Systems, Yoyo Wallet and Paydiant, 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 |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
White-label payment solutions are provided for branded transaction processing.
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| domain | founded_year | HQ Location |
Card-linked marketing solutions are offered to banks and financial institutions.
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| domain | founded_year | HQ Location |
Rewards-based coalition loyalty platform
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| domain | founded_year | HQ Location |
White-labeled mobile payment solutions are provided for businesses.
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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 Paykey
Frequently Asked Questions about PayKey
When was PayKey founded?
PayKey was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is PayKey located?
PayKey is headquartered in Tel Aviv, Israel.
Is PayKey a funded company?
PayKey is a funded company, having raised a total of $16.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $100K, raised on Nov 22, 2016.
What does PayKey do?
Embedded banking solutions are offered by PayKey to enable banks to address customers real-time financial needs within daily interactions. Focus is placed on solutions like Salary on Demand and Earned Wage Access, allowing instant access to earned income before payday. The platform is designed to integrate seamlessly into banking services, targeting the financial sector with innovative tools for employee and customer financial management.
Who are the top competitors of PayKey?
What products or services does PayKey offer?
PayKey offers Salary on Demand and Earned Wage Access (EWA).
Who are PayKey's investors?
PayKey has 16 investors. Key investors include Yes Bank, Mastercard, T-Hub, The FinLab, and Digital Ventures.
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