About PayStar
PayStar is a Financial Services company based in New York (United States) founded in 2006, and was acquired by Mullen Technologies in July 2016. Cross-border remittances and mobile wallet services are facilitated by Paystar. PayStar has raised $393.5 thousand across 2 funding rounds from investors including Mullen Technologies. PayStar offers products and services including Remit, Wallet, MMS, and POS. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its legal entity is Paystar Inc. Its competitors include Remitly, Euronet Worldwide and Xoom; 2 of its 3 listed competitors have raised funding.
Company details
Paystar was founded in 2006 in New York, United States, within the fintech sector focused on remittances and digital payments. A mobile wallet is offered for cross-border money transfers and merchant site payments. Payment cards are linked by users for transactions, while beneficiary card details are added to enable transfers to cards withdrawable at ATMs. Merchant management services are also provided to support business operations.
- Headquarters New York, United States
- Stage Acquired
- SectorsFinancial Services
- Website paystar.net
- Acquired by Mullen Technologies (Jul 2016)
- Legal Name Paystar Inc.
- Total Equity Funding$393.5K (USD)
in 2 rounds
- Latest Funding Round$200K (USD), Seed
Nov 2013
- Investors
- Acquired byMullen Technologies
(Jul 2016)
Products & Services of PayStar
PayStar offers a comprehensive portfolio of products and services, including Remit, Wallet, MMS, and POS.
Platform for sending money internationally via digital means.
Mobile tool for storing and making payments securely.
System for overseeing merchant operations and transactions.
Mobile solution for accepting and processing payments.
Funding Insights of PayStar
PayStar has successfully raised a total of $393.5K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $200 thousand completed in November 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 $393,500
- Total Rounds 2
- Last Round Seed — $200,000
- First Round $193,500
(Oct 2013)
All 2 funding rounds of PayStar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2013 | $200,000 | Seed | – | – | – |
| Oct 2013 | $193,500 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in PayStar
PayStar has secured backing from 1 investor. Prominent investors backing the company include Mullen Technologies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Electric vehicles are manufactured with AI integration by Mullen Technologies. | 2012 | mullenusa.com | La Habra, United States |
Investor details for PayStar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of PayStar
4 dated milestones of PayStar across 10 years, from founding to its latest funding, stage changes and deals.
- Founded PayStar is founded.
- Funding First funding round of $194K.
- Funding Latest funding round, Seed, of $200K.
- Exit Acquired by Mullen Technologies.
Competitors of PayStar
PayStar has 3 listed competitors in our database, 2 of them funded. They include Remitly, Euronet Worldwide and Xoom.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $435.93M | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| euronetworldwide.com | 1994 | Leawood, United States | 10,000 | Electronic payments and transaction processing solutions are offered globally. | ||
| xoom.com | 2001 | San Francisco, United States | $106.44M | 42 | Cross-border money transfers are enabled via banking channels. |
Detailed competitors of PayStar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as PayStar (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about PayStar
PayStar was founded in 2006 and raised its 1st funding round 7 years after it was founded.
PayStar is headquartered in New York, United States. It is registered at New York, New York, United States.
PayStar is a funded company, having raised a total of $393.5K across 2 funding rounds to date. The company's 1st funding round was a Seed of $193.5K, raised on Oct 2013.
Paystar was founded in 2006 in New York, United States, within the fintech sector focused on remittances and digital payments. A mobile wallet is offered for cross-border money transfers and merchant site payments. Payment cards are linked by users for transactions, while beneficiary card details are added to enable transfers to cards withdrawable at ATMs. Merchant management services are also provided to support business operations.
PayStar's top competitors include Euronet Worldwide, Remitly and Xoom.
PayStar offers Remit, Wallet, MMS, and POS.
PayStar has 1 investor. Key investors include Mullen Technologies.
PayStar operates through Paystar Inc..
Yes. PayStar was acquired by Mullen Technologies in July 2016.