About SmartPay Lease
SmartPay Lease is a Financial Services company based in San Francisco (United States) founded in 2009, and was acquired by Tempoe in September 2015. It operates as a consumer leasing for electronics is facilitated through installment plans. SmartPay Lease has raised $25.5 million across 2 funding rounds from investors including PayPal, Tempoe and Venrock. The company has 33 employees. Its website smartpaylease.com draws about 118 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is SMARTPAY LEASING LLC. Its competitors include Klarna, Afterpay, Zip, Sunbit and Snap Finance and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
SmartPay Lease was established in 2009 in San Francisco, United States. Services in the purchase finance sector are provided to consumers for acquiring electronic devices via deferred payment options. Purchases are limited to 2000, with repayment terms extending from 6 to 24 months. Operations focus on everyday leasing arrangements within the financial services industry.
- Headquarters San Francisco, United States
- Employees 33
- Stage Acquired
- SectorsFinancial Services
- Website smartpaylease.com
- Social LinkedIn X Facebook
- Acquired by Tempoe (Sep 2015)
- Legal Name Smartpay Leasing Llc
Funding Insights of SmartPay Lease
SmartPay Lease has successfully raised a total of $25.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in January 2013. 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 $25.5M
- Total Rounds 2
- Last Round Series B — $21M
- First Round $4.5M
(Jul 2010)
- Investors Count 7
All 2 funding rounds of SmartPay Lease 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 |
|---|---|---|---|---|---|
| Jan 2013 | $21M | Series B | – | Venrock, First Round Capital | – |
| Jul 2010 | $4.5M | Series A | – | – |
8 investors in total: 8 institutional.
Investors in SmartPay Lease
SmartPay Lease has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Tempoe and Venrock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | – | venrock.com | Palo Alto, United States | |
US focused seed and early-stage VC firm | – | firstround.com | San Francisco, United States | |
Seed and early-stage investments are focused on US tech companies. | – | baselinev.com | San Francisco, United States | |
Early-stage investments are provided to transformative technology companies. | – | svangel.com | San Francisco, United States | |
Venture capital is invested in multiple sectors by Uncork Capital. | – | uncorkcapital.com | Palo Alto, United States | |
Baseline Ventures is engaged in sports marketing and brand licensing. | 2014 | baselineventures.com | Mumbai, India | |
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States | |
Lease-to-own financing is offered for retail appliances, furniture, and electronics. | 2009 | tempoe.com | Manchester, United States |
Investor details for SmartPay Lease
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People of SmartPay Lease
4 people are tracked at SmartPay Lease (2 in leadership, 2 in team); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
Basil Kanno | VP of Information Technology | Leadership |
Michael Uhler | Vice President of Sales & Business Development | Leadership |
Mark Lander | Architect | Team |
Tearra Swift | Field Account Manager | Team |
Complete people profiles for SmartPay Lease
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- Team structure
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Timeline of SmartPay Lease
4 dated milestones of SmartPay Lease across 6 years, from founding to its latest funding, stage changes and deals.
- Founded SmartPay Lease is founded.
- Funding First funding round of $4.5M.
- Funding Latest funding round, Series B, of $21.0M.
- Exit Acquired by Tempoe.
Competitors of SmartPay Lease
SmartPay Lease has 10 listed competitors in our database, 8 of them funded. They include Klarna, Afterpay, Zip, Sunbit and Snap Finance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| klarna.com | 2005 | Stockholm, Sweden | $4.19B | 369 | Point-of-sale financing is facilitated through an online platform for purchases. | |
| afterpay.com | 2014 | Melbourne, Australia | $35.37M | – | A buy now pay later service is offered by Afterpay. | |
| zip.co | 2013 | Sydney, Australia | – | 612 | Payment solutions are provided for deferred purchasing by Zip. | |
| sunbit.com | 2016 | Los Angeles, United States | $158.63M | 128 | Point-of-sale financing is facilitated via an online platform for retailers. | |
| snapfinance.com | 2012 | Salt Lake, United States | $30.09M | 621 | Merchandise financing is offered through partner stores. | |
| uplift.com | 2014 | Sunnyvale, United States | $146.2M | 119 | Point-of-sale financing for travel bookings is offered by Uplift. | |
| katapult.com | 2014 | New York, United States | – | – | An online platform for point-of-sale financing is offered to retailers. | |
| payjoy.com | 2015 | San Francisco, United States | $204.62M | 101 | Online platform for purchase financing | |
| sezzle.com | 2016 | Minneapolis, United States | $17.51M | 365 | Point-of-sale financing is enabled for installment purchases at partnered retailers. | |
| zebit.com | 2011 | Carlsbad, United States | $47M | – | Interest-free installment loans are enabled for merchants and customers. |
Detailed competitors of SmartPay Lease
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- Full competitor set
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Web traffic of SmartPay Lease
The website of SmartPay Lease (smartpaylease.com) receives about 118.2K visits a month.
- Monthly visits118.2K
▼ 7.6% vs previous month
Websites whose visitors overlap most with SmartPay Lease. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| smartpay.com.au | 100% | 19.9K | #1,367,647 | View details | |
billmelater.ebay.com | billmelater.ebay.com | 97% | – | – | – |
paypal-promo.com | paypal-promo.com | 97% | – | – | – |
| flexshopper.com | 97% | 300.3K | #114,708 | View details | |
| cumberlandfarms.com | 97% | 81.3K | #435,411 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for SmartPay Lease
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Top companies in Alternative Lending
10 companies that operate in the same segment as SmartPay Lease (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Smartpay Lease
Complete news archive for SmartPay Lease
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Frequently Asked Questions about SmartPay Lease
SmartPay Lease was founded in 2009 and raised its 1st funding round 1 year after it was founded.
SmartPay Lease is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
SmartPay Lease is a funded company, having raised a total of $25.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Jul 2010.
SmartPay Lease has 33 employees.
SmartPay Lease was established in 2009 in San Francisco, United States. Services in the purchase finance sector are provided to consumers for acquiring electronic devices via deferred payment options. Purchases are limited to 2000, with repayment terms extending from 6 to 24 months. Operations focus on everyday leasing arrangements within the financial services industry.
SmartPay Lease has 8 investors. Key investors include PayPal, Tempoe, Venrock, First Round Capital, and Baseline Ventures.
SmartPay Lease operates through Smartpay Leasing Llc.
Yes. SmartPay Lease was acquired by Tempoe in September 2015.
The website of SmartPay Lease receives about 118 thousand visits a month.