About PayWithCover
PayWithCover is a company based in New York (United States) founded in 2012 was acquired by Velocity Black in September 2015. PayWithCover has raised $7 million across 2 funding rounds from investors including Velocity Black, Lerer Hippeau and Spark Capital. PayWithCover operates in a competitive market with competitors including TabbedOut, paerpay, MyCheck, SpeedETab and Mogl, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Cover, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7 M (USD)
in 2 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Jul 10, 2014
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Investors
Velocity Black
& 4 more
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Employee Count
Not available
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Acquired by
Velocity Black
(Sep 22, 2015)
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Funding Insights of PayWithCover
PayWithCover has successfully raised a total of $7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in July 2014. 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.
Investors in PayWithCover
PayWithCover has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Velocity Black, Lerer Hippeau and Spark Capital.
| Investor | Description | Founded Year | Domain | Location |
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Spark Capital is engaged in venture capital investments.
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US focused VC firm
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USA focused VC firm investing in seed and early stage startups
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Locked | Locked | Locked |
Investor details for PayWithCover
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Investments & Acquisitions by PayWithCover
Investment portfolio details for PayWithCover
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Financial Statements - PayWithCover
Detailed financials for PayWithCover
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Paywithcover Comparisons
Peer comparison for PayWithCover
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of PayWithCover
PayWithCover 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 TabbedOut, paerpay, MyCheck, SpeedETab and Mogl, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Mobile payments and marketing for hospitality venues are facilitated.
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App-based platform for dining payments
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Provider of digital solutions for the hospitality industry
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| Locked | Locked | Locked |
Mobile ordering at restaurants & bars
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Card-linked cashback rewards are offered for restaurant and bar spending.
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Provider of restaurant technology solutions for streamlined operations and enhanced guest experiences
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Detailed competitors of PayWithCover
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Paywithcover
Complete news archive for PayWithCover
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Frequently Asked Questions about PayWithCover
PayWithCover was founded in 2012 and raised its 1st funding round 1 year after it was founded.
PayWithCover is headquartered in New York, United States. It is registered at New York, New York, United States.
PayWithCover is a funded company, having raised a total of $7M across 2 funding rounds to date.
iOS and Android app that lets users pay their bills at supported restaurants in New York City and Bay Area. Launched publicly in Oct 2013. Diners can pay the bill using their payment cards, including preferred tip settings and also allows groups to split the bill evenly between guests. Cover makes its money on the back end, reducing the credit card rates that restaurants pay for transactions, in exchange for a small service fee. Works with 45 NYC and 15 Bay area restaurants.
PayWithCover has 5 investors. Key investors include Velocity Black, Lerer Hippeau, Spark Capital, O'Reilly AlphaTech Ventures, and Red Swan Ventures.