About Scratchpay
Scratchpay is a company based in Los Angeles (United States) founded in 2016 by John Keatley and Caleb Morse.. Scratchpay has raised $108.07 million across 5 funding rounds from investors including Credit Suisse, FJ Labs and Norwest Venture Partners. Scratchpay operates in a competitive market with competitors including Klarna, Tabby, Afterpay, Affirm and Zip, among others.
- Headquarter Los Angeles, United States
- Founders John Keatley, Caleb Morse
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Sectors
HealthcareFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Scratch Financial, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.07 M (USD)
in 5 rounds
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Latest Funding Round
$35 M (USD), Series C
Sep 20, 2022
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Investors
Credit Suisse
& 7 more
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Employee Count
Employee Count
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Funding Insights of Scratchpay
Scratchpay has successfully raised a total of $108.07M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in September 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 5
- Last Round Series C — $35.0M
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First Round
First Round
(20 Apr 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - Scratchpay | Valuation | Norwest Venture Partners | |
| Oct, 2019 | Amount | Series B - Scratchpay | Valuation | Companion Fund | |
| Oct, 2019 | Amount | Debt – Conventional - Scratchpay | Valuation |
investors |
| 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 Scratchpay
Scratchpay has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Credit Suisse, FJ Labs and Norwest Venture Partners. 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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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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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 Scratchpay
| 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 - Scratchpay
| 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 |
Scratchpay Comparisons
Competitors of Scratchpay
Scratchpay 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 Klarna, Tabby, Afterpay, Affirm and Zip, 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 |
|---|---|---|---|---|
| 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 |
Purchase financing solutions are offered to businesses via installment payments.
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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 |
Point-of-sale financing is facilitated via an online installment payment platform.
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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 provided for various consumer products via installments.
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| 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 Scratchpay
Frequently Asked Questions about Scratchpay
When was Scratchpay founded?
Scratchpay was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Scratchpay located?
Scratchpay is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Scratchpay?
John Keatley is the current CEO of Scratchpay. They have also founded this company.
Is Scratchpay a funded company?
Scratchpay is a funded company, having raised a total of $108.07M across 5 funding rounds to date. The company's 1st funding round was a Series B of $65M, raised on Apr 20, 2017.
What does Scratchpay do?
Scratchpay was founded in 2016 in Los Angeles, United States, within the fintech sector focused on veterinary care. Partnerships with clinics are established to offer payment options to pet owners. Basic details are submitted by users to receive rate quotes and choose plans. Access to treatments at partner locations is provided, with interest-free repayments structured over 30 days or 12-24 monthly installments. Rates are assigned via a merit-based evaluation system.
Who are the top competitors of Scratchpay?
Who are Scratchpay's investors?
Scratchpay has 8 investors. Key investors include Credit Suisse, FJ Labs, Norwest Venture Partners, TTV Capital, and Alumni Ventures.
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