About Paywerk
Paywerk is a company based in Tallinn (Estonia) founded in 2021 by Rain Pikand, Erkki Saarniit, Priit Poldoja, and Jan Andresoo was acquired by Swedbank in July 2024.. The company has 1 employees as of September 30, 2024. Paywerk operates in a competitive market with competitors including Tabby, Affirm, Afterpay, Zip and Klarna, among others.
- Headquarter Tallinn, Estonia
- Employees 1 as on 30 Sep, 2024
- Founders Rain Pikand, Erkki Saarniit, Priit Poldoja, Jan Andresoo
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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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- Legal Name Paywerk As
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Funding Insights of Paywerk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Paywerk
Paywerk has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Swedbank. 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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Commercial banking services are offered to individuals and corporates.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paywerk
| 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 - Paywerk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Paywerk Comparisons
Competitors of Paywerk
Paywerk 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 Tabby, Affirm, Afterpay, Zip and Klarna, 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 |
Purchase financing solutions are offered to businesses via installment payments.
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Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Point-of-sale financing is provided for various consumer products via installments.
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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 Paywerk
Frequently Asked Questions about Paywerk
When was Paywerk founded?
Paywerk was founded in 2021.
Where is Paywerk located?
Paywerk is headquartered in Tallinn, Estonia.
Who is the current CEO of Paywerk?
Jan Andresoo is the current CEO of Paywerk. They have also founded this company.
How many employees does Paywerk have?
As of Sep 30, 2024, the latest employee count at Paywerk is 1.
What is the annual revenue of Paywerk?
Annual revenue of Paywerk is $227.26K as on Dec 31, 2021.
What does Paywerk do?
Paywerk was established in 2021 in Tallinn, Estonia, within the fintech sector. Card-based buy now, pay later payment services are offered to support merchant transactions. Flexible payment options are extended to consumers, with integration into existing systems for seamless processing. Secure solutions are delivered for both businesses and customers. Licensing for payment services has been obtained from the relevant authority.
Who are Paywerk's investors?
Paywerk has 1 investor. Key investors include Swedbank.
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