About Paywallet
Paywallet is a company based in Jacksonville (United States) founded in 2021.. Paywallet has raised $8.82 million across 1 funding round from investors including Pasaca Capital, Arcadia Funds and Pruvista. Paywallet operates in a competitive market with competitors including Maxwell, Exactuals, SmartPay, PactFi and myFlexPay, among others.
- Headquarter Jacksonville, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.82 M (USD)
in 1 rounds
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Latest Funding Round
$8.82 M (USD), Series A
Feb 16, 2022
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Investors
Pasaca Capital
& 2 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $8.8M
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First Round
First Round
(16 Feb 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Paywallet | Valuation | Pasaca Capital |
| 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 Paywallet
Paywallet has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Pasaca Capital, Arcadia Funds and Pruvista. 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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Investment in transformational technology is facilitated by Pasaca Capital.
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Founded Year | Domain | Location | |
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Loans and credit solutions are provided by Arcadia Funds.
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Founded Year | Domain | Location | |
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Pruvista is engaged in specialty finance investments and expertise.
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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 Paywallet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Paywallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paywallet Comparisons
Competitors of Paywallet
Paywallet 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 Maxwell, Exactuals, SmartPay, PactFi and myFlexPay, 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.
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| domain | founded_year | HQ Location |
Active borrowers are tracked and documents are managed via platform.
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Cloud-based payroll management is delivered to enterprises in creative sectors.
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Cloud-based pay-as-you-go software for workers' compensation is provided.
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Offers integrated platform for managing health, wealth, and commuter benefits for employees.
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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 Paywallet
Frequently Asked Questions about Paywallet
When was Paywallet founded?
Paywallet was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Paywallet located?
Paywallet is headquartered in Jacksonville, United States.
Who is the current CEO of Paywallet?
DK Sharma is the current CEO of Paywallet.
Is Paywallet a funded company?
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 16, 2022.
What does Paywallet do?
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.
Who are the top competitors of Paywallet?
Who are Paywallet's investors?
Paywallet has 3 investors. Key investors include Pasaca Capital, Arcadia Funds, and Pruvista.