About PayPerks
PayPerks is a company based in New York (United States) founded in 2009.. PayPerks has raised $2.6 million across 4 funding rounds from investors including Anthemis Group, Core Innovation Capital and MentorTech Ventures. The company has 3 employees as of December 31, 2022. PayPerks offers products and services including PayPerks Education Platform and smiONE Card with PayPerks. PayPerks operates in a competitive market with competitors including DoughMain, Lemon, DFHE, iChangtou and Mosabi, among others.
- Headquarter New York, United States
- Employees 3 as on 31 Dec, 2022
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Payperks, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.6 M (USD)
in 4 rounds
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Latest Funding Round
$10 K (USD), Grant
Jun 05, 2013
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Investors
Anthemis Group
& 4 more
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Employee Count
3
as on Dec 31, 2022
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Products & Services of PayPerks
PayPerks offers a comprehensive portfolio of products and services, including PayPerks Education Platform and smiONE Card with PayPerks. 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.
Interactive tool for financial learning and rewards to boost cardholder skills.
Reloadable card integrating education and incentives for financial management.
Funding Insights of PayPerks
PayPerks has successfully raised a total of $2.6M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $10 thousand completed in June 2013. 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 4
- Last Round Grant — $10,000
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Grant - PayPerks | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - PayPerks | Valuation | MentorTech Ventures , DCM Ventures | |
| Oct, 2010 | Amount | Debt – Conventional - PayPerks | Valuation |
investors |
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| 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 PayPerks
PayPerks has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Anthemis Group, Core Innovation Capital and MentorTech Ventures. 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 investments in fintech and technology for wealth and health.
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Founded Year | Domain | Location | |
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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US focused seed & early-stage VC firm
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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 PayPerks
| 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 - PayPerks
| 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 |
Payperks Comparisons
Competitors of PayPerks
PayPerks 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 DoughMain, Lemon, DFHE, iChangtou and Mosabi, 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 |
Family financial tools and prepaid cards for children are offered.
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| domain | founded_year | HQ Location |
Personalized finance education is offered through interactive account-linked platform.
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| domain | founded_year | HQ Location |
Financial courses and training are delivered online.
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| domain | founded_year | HQ Location |
Online financial investment education courses are delivered.
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| domain | founded_year | HQ Location |
Financial literacy education is delivered via a mobile app.
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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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Frequently Asked Questions about PayPerks
When was PayPerks founded?
PayPerks was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is PayPerks located?
PayPerks is headquartered in New York, United States. It is registered at New York, New York, United States.
Is PayPerks a funded company?
PayPerks is a funded company, having raised a total of $2.6M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $315K, raised on Sep 01, 2010.
How many employees does PayPerks have?
As of Dec 31, 2022, the latest employee count at PayPerks is 3.
What does PayPerks do?
Founded in 2009 and based in New York, United States, PayPerks functions in the education and rewards sector. A platform is provided for low- and middle-income users to earn points through visual modules on topics like avoiding ATM fees and building emergency funds. Points are redeemable for cash prizes via sweepstakes. Services are utilized in public and private sectors for awareness programs, including health campaigns and new payment methods.
Who are the top competitors of PayPerks?
What products or services does PayPerks offer?
PayPerks offers PayPerks Education Platform and smiONE Card with PayPerks.
Who are PayPerks's investors?
PayPerks has 5 investors. Key investors include Anthemis Group, Core Innovation Capital, MentorTech Ventures, DCM, and New York Angels.