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 as of January 31, 2022. Pay.so operates in a competitive market with competitors including Simplex, ACINQ, CoinPayments, Coinflow and Januar, among others.
- Headquarter Somalia
- Employees 3 as on 31 Jan, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cheq Payments Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
3
as on Jan 31, 2022
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Acquired by
Request Network
(Nov 25, 2024)
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Funding Insights of Pay.so
| 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 Pay.so
Pay.so has secured backing from 1 investor. Prominent investors backing the company include Request Network. 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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Decentralized P2P payments are enabled on Ethereum blockchain.
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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 Pay.so
| 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 - Pay.so
| 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 |
Pay.So Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
AI-based crypto payments and fraud prevention are provided for businesses.
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| domain | founded_year | HQ Location |
Crypto payment solutions are offered to businesses through API integration.
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| domain | founded_year | HQ Location |
Cryptocurrency payments are facilitated through a merchant gateway.
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| domain | founded_year | HQ Location |
Crypto-to-fiat payment solutions are provided to web3 companies.
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| domain | founded_year | HQ Location |
Financial infrastructure is provided for crypto businesses managing global payments.
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| domain | founded_year | HQ Location |
Private autonomous transactions for Web3 are provided by Ava Protocol.
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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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Latest news on Pay.So
Frequently Asked Questions about Pay.so
When was Pay.so founded?
Pay.so was founded in 2020.
Where is Pay.so located?
Pay.so is headquartered in Somalia.
How many employees does Pay.so have?
As of Jan 31, 2022, the latest employee count at Pay.so is 3.
What does Pay.so do?
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.
Who are the top competitors of Pay.so?
Pay.so's top competitors include Simplex, ACINQ and CoinPayments.
Who are Pay.so's investors?
Pay.so has 1 investor. Key investors include Request Network.