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.
Apps and channels of phyre
phyre publishes 1 mobile app with over 100K+ downloads.
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 $1.71M
- Total Rounds 1
- Last Round Seed — $1.71M
- First Round $1.71M
(Mar 2020)
- Investors Count 2
All 1 funding rounds of phyre 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 |
|---|---|---|---|---|---|
| Mar 2020 | $1.71M | Seed | – | New Vision 3 Fund, Bulgarian-American Credit Bank | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | newvision3.com | - | |
Commercial bank | 1996 | bacb.bg | Sofia, Bulgaria | |
Issuer processing for B2B and B2C payment solutions is provided. | 2005 | paynetics.digital | Sofia, Bulgaria |
Investor details for phyre
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of phyre
5 people are tracked at phyre (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Konstantin Djelebov | Co-Founder & CEO | Leadership |
Ivo Gueorguiev | Co-Founder | Leadership |
Valeri Valtchev | Co-Founder | Leadership |
Atanas Atanasov | Head Of Mobile | Leadership |
Elena Georgieva | Ios Developer | Team |
Complete people profiles for phyre
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of phyre
3 dated milestones of phyre across 7 years, from founding to its latest funding, stage changes and deals.
- Founded phyre is founded.
- Funding First funding round of $1.7M.
- Exit Acquired by Paynetics.
Web traffic of phyre
Websites that share an audience with phyre (phyreapp.com).
Websites whose visitors overlap most with phyre. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paynetics.digital | 100% | 4.2K | #3,910,821 | View details |
Latest news on Phyre
Complete news archive for phyre
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to phyre
10 companies that operate in the same segment as phyre (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about phyre
phyre was founded in 2016 and raised its 1st funding round 4 years after it was founded.
phyre is headquartered in Sofia, Bulgaria.
Konstantin Djelebov is the current CEO of phyre. They have also founded this 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 2020.
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.
phyre has 3 investors. Key investors include Paynetics, Bulgarian-American Credit Bank, and New Vision 3 Fund.
Yes. phyre was acquired by Paynetics in May 2023.
Yes. phyre publishes phyre digital wallet, with over 100,000 downloads.