About phyre
phyre is a company based in Sofia (Bulgaria) founded in 2016 by Konstantin Djelebov, Ivo Gueorguiev, and Valeri Valtchev was acquired by Paynetics in May 2023.. phyre has raised $1.71 million across 1 funding round from investors including Paynetics, Bulgarian-American Credit Bank and New Vision 3 Fund.
- Headquarter Sofia, Bulgaria
- Founders Konstantin Djelebov, Ivo Gueorguiev, Valeri Valtchev
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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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Funding Insights of phyre
phyre has successfully raised a total of $1.71M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.71 million completed in March 2020. 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 Seed — $1.7M
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First Round
First Round
(28 Mar 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2020 | Amount | Seed - phyre | Valuation | New Vision 3 Fund , Bulgarian-American Credit Bank |
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| 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 phyre
phyre has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Paynetics, Bulgarian-American Credit Bank and New Vision 3 Fund. 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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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location | |
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Issuer processing for B2B and B2C payment solutions is provided.
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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 phyre
| 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 - phyre
| 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 |
Phyre Comparisons
Competitors of phyre
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Phyre
Frequently Asked Questions about phyre
When was phyre founded?
phyre was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is phyre located?
phyre is headquartered in Sofia, Bulgaria.
Who is the current CEO of phyre?
Konstantin Djelebov is the current CEO of phyre. They have also founded this company.
Is phyre a funded company?
phyre is a funded company, having raised a total of $1.71M across 1 funding round to date. The company's 1st funding round was a Seed of $1.71M, raised on Mar 28, 2020.
What does phyre do?
Provider of mobile-based financial services and digital wallet. It offers a current account, person-to-person payments, utility bill payments, and e-vignette purchases. Users can also manage loyalty cards and pay with a virtual or physical Mastercard directly through the app. The service includes transaction notifications and expense categorization tools for budget management. Payment services are provided through a licensed electronic money company.
Who are phyre's investors?
phyre has 3 investors. Key investors include Paynetics, Bulgarian-American Credit Bank, and New Vision 3 Fund.