About Paylend
Paylend is a company based in Nairobi (Kenya) founded in 2019 by Eliutherius Juma, Bendon Murgor, and John Kamara.. Paylend has raised $2 million across 1 funding round from investors including Next Chymia Consulting. Paylend operates in a competitive market with competitors including Lipa Later, Julla and Glomoney, among others.
- Headquarter Nairobi, Kenya
- Founders Eliutherius Juma, Bendon Murgor, John Kamara
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Dec 25, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Paylend
Paylend has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in December 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 — $2.0M
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First Round
First Round
(25 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Paylend | Valuation | Next Chymia Consulting |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Paylend
Paylend has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Next Chymia Consulting. 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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Offers specialized blockchain consulting services.
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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 Paylend
| 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 - Paylend
| 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 |
Paylend Comparisons
Competitors of Paylend
Paylend 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 Lipa Later, Julla and Glomoney, 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 |
Online platform for point of sale financing for multi-category products
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| domain | founded_year | HQ Location |
Provides financing solutions to support customer purchases.
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| domain | founded_year | HQ Location |
Provides financing solutions for consumer purchases.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Paylend
When was Paylend founded?
Paylend was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Paylend located?
Paylend is headquartered in Nairobi, Kenya.
Who is the current CEO of Paylend?
Eliutherius Juma is the current CEO of Paylend. They have also founded this company.
Is Paylend a funded company?
Paylend is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Dec 25, 2021.
What does Paylend do?
Online marketplace for point of sale financing. It offers a solution that enables credit institutions to manage multiple utility-specific point of sale financing options including shopping loans, educational fees loans, salon loans, and more. It enables businesses to disburse funds as vouchers that can be exchanged for cash in the partnered stores. It also enables individuals to purchase products and services within the partnered network and pay in periodic installments. The application is available on the Android platform.
Who are the top competitors of Paylend?
Paylend's top competitors include Lipa Later, Julla and Glomoney.
Who are Paylend's investors?
Paylend has 1 investor. Key investors include Next Chymia Consulting.