About Pay.so
Pay.so is a company based in Somalia founded in 2020 was acquired by Request Network in November 2024. The company has 3 employees. Pay.so operates in a competitive market with competitors including Simplex, ACINQ, CoinPayments, Coinflow and Januar, among others.
- Headquarter Somalia
- Employees 3
- SectorsFinancial Services
- Website pay.so
- Social LinkedIn
- Acquired by Request Network (Nov 2024)
- Legal Name Cheq Payments Limited
- Investors
- Employee Count3
- Acquired byRequest Network
(Nov 2024)
Investors in Pay.so
Pay.so has secured backing from 1 investor. Prominent investors backing the company include Request Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Decentralized P2P payments are enabled on Ethereum blockchain. | 2017 | request.network | Singapore, Singapore |
Investor details for Pay.so
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Timeline of Pay.so
2 dated milestones of Pay.so across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Pay.so is founded.
- Exit Acquired by Request Network.
Competitors of Pay.so
Pay.so 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 Simplex, ACINQ, CoinPayments, Coinflow and Januar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simplex.com | 2014 | Ramat Gan, Israel | $8M | 2 | AI-based crypto payments and fraud prevention are provided for businesses. | |
| acinq.co | 2014 | Paris, France | $9.7M | – | Crypto payment solutions are offered to businesses through API integration. | |
| coinpayments.net | 2013 | Vancouver, Canada | $30.1M | – | Cryptocurrency payments are facilitated through a merchant gateway. | |
| coinflow.cash | 2022 | Chicago, United States | $28.7M | – | Crypto-to-fiat payment solutions are provided to web3 companies. | |
| januar.com | 2017 | Copenhagen, Denmark | $10.59M | 15 | Financial infrastructure is provided for crypto businesses managing global payments. | |
| avaprotocol.org | 2021 | San Francisco, United States | $10M | – | Private autonomous transactions for Web3 are provided by Ava Protocol. | |
| neutronpay.com | 2018 | Vancouver, Canada | $3.75M | 4 | Payment gateway solutions for businesses are provided via Bitcoin Lightning. | |
| kotanipay.com | 2021 | Nairobi, Kenya | $2M | – | AI-backed payroll management platform for gig workers | |
| voltage.cloud | 2020 | Wichita, United States | $6M | – | Crypto payment acceptance solutions are provided for e-commerce via APIs. | |
| citypay.io | 2020 | Tbilisi, Georgia | $1.74M | – | Cryptocurrency payment gateway services are offered to businesses for transactions. |
Detailed competitors of Pay.so
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- Full competitor set
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Latest news on Pay.So
Complete news archive for Pay.so
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Similar companies to Pay.so
10 companies that operate in the same segment as Pay.so (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Pay.so
Pay.so was founded in 2020.
Pay.so is headquartered in Somalia.
Pay.so has 3 employees.
Pay.so was founded in 2020 and is based in Somalia. Operations focus on the fintech sector, where crypto-based payment solutions are provided. Services include transfers from cryptocurrency to bank accounts, payment links for crypto transactions, an API similar to Stripe for integrations, and global payroll processing. The platform supports various financial tools tailored for international use.
Pay.so's top competitors include Simplex, ACINQ and CoinPayments.
Pay.so has 1 investor. Key investors include Request Network.
Pay.so operates through Cheq Payments Limited.
Yes. Pay.so was acquired by Request Network in November 2024.