About Paywallet
Paywallet is a Financial Services company based in Jacksonville (United States) founded in 2021. Cloud-based platform for payroll-linked payment and identity solutions. Paywallet has raised $8.82 million across 1 funding round from investors including Pasaca Capital, Arcadia Funds and Pruvista. Its chief executive, as recorded, is DK Sharma. Its focus areas include FinTech, Payments, Business Payments and Mass Payouts. Its competitors include Maxwell, Exactuals and SmartPay; 3 of its 3 listed competitors have raised funding.
Company details
Paywallet was founded in 2021 and is headquartered in Jacksonville, United States. A cloud-based platform is operated in the fintech sector, focusing on payroll-linked payment and identity solutions. Services provided include early access to wages, point-of-sale purchases using wage allotments, backup ACH authorizations for failed payroll deductions, and multiple client collection options with customer consent. Operations support secure wage management for employers and employees.
- Headquarters Jacksonville, United States
- SectorsFinancial Services
- Email••••••••
- Website yourpaywallet.com
- Social LinkedIn
- Total Equity Funding$8.82M (USD)
in 1 rounds
- Latest Funding Round$8.82M (USD), Series A
Feb 2022
- InvestorsPasaca Capital
& 2 more
Funding Insights of Paywallet
Paywallet has successfully raised a total of $8.82M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.82 million completed in February 2022. 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 $8.82M
- Total Rounds 1
- Last Round Series A — $8.82M
- First Round $8.82M
(Feb 2022)
- Investors Count 3
All 1 funding rounds of Paywallet 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 |
|---|---|---|---|---|---|
| Feb 2022 | $8.82M | Series A | – | Pasaca Capital |
3 investors in total: 3 institutional.
Investors in Paywallet
Paywallet has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Pasaca Capital, Arcadia Funds and Pruvista.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in transformational technology is facilitated by Pasaca Capital. | 2020 | pasacacapital.com | Pasadena, USA | |
Loans and credit solutions are provided by Arcadia Funds. | arcadiafunds.com | Burlington, United States | ||
Pruvista is engaged in specialty finance investments and expertise. | pruvista.com |
Investor details for Paywallet
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Paywallet
1 people are tracked at Paywallet (1 in leadership).
| Name | Role | Group |
|---|---|---|
DK Sharma | CEO | Leadership |
Complete people profiles for Paywallet
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Timeline of Paywallet
2 dated milestones of Paywallet across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Paywallet is founded.
- Funding First funding round of $8.8M.
Competitors of Paywallet
Paywallet has 3 listed competitors in our database, 3 of them funded. They include Maxwell, Exactuals and SmartPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| himaxwell.com | 2015 | Denver, United States | $54.75M | 279 | Active borrowers are tracked and documents are managed via platform. | |
| exactuals.com | 2011 | Los Angeles, United States | $20.6M | Cloud-based payroll management is delivered to enterprises in creative sectors. | ||
| smartpayllc.com | 2010 | Southington, United States | $1.4M | 33 | Cloud-based pay-as-you-go software for workers' compensation is provided. |
Detailed competitors of Paywallet
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- Full competitor set
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Paywallet (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Paywallet
Complete news archive for Paywallet
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Frequently Asked Questions about Paywallet
Paywallet was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Paywallet is headquartered in Jacksonville, United States.
DK Sharma is the CEO of Paywallet, as recorded in our data.
Paywallet is a funded company, having raised a total of $8.82M across 1 funding round to date. The company's 1st funding round was a Series A of $8.82M, raised on Feb 2022.
Paywallet was founded in 2021 and is headquartered in Jacksonville, United States. A cloud-based platform is operated in the fintech sector, focusing on payroll-linked payment and identity solutions. Services provided include early access to wages, point-of-sale purchases using wage allotments, backup ACH authorizations for failed payroll deductions, and multiple client collection options with customer consent. Operations support secure wage management for employers and employees.
Paywallet has 3 investors. Key investors include Pasaca Capital, Arcadia Funds, and Pruvista.