About tapNpay
tapNpay is a company based in Cedar Park (United States) founded in 2019 was acquired by Neology in June 2023.. tapNpay has raised $2.54 million across 3 funding rounds from investors including Neology. tapNpay offers products and services including TapNpay and NeoRide. tapNpay operates in a competitive market with competitors including Bestpass, Peach Pass, GoToll, NextPass and BancPass, among others.
- Headquarter Cedar Park, United States
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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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- Legal Name Tapnpay, Inc.
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Products & Services of tapNpay
tapNpay offers a comprehensive portfolio of products and services, including TapNpay and NeoRide. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Text-based system for toll charge tracking and approval
App for automated toll and parking payments nationwide
Funding Insights of tapNpay
tapNpay has successfully raised a total of $2.54M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.07 million completed in August 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 3
- Last Round Seed — $1.1M
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First Round
First Round
(10 Sep 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - tapNpay | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - tapNpay | Valuation |
investors |
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| Sep, 2020 | Amount | Seed - tapNpay | Valuation |
investors |
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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 tapNpay
tapNpay has secured backing from 1 investor. Prominent investors backing the company include Neology. 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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Mobility solutions are provided by Neology for transportation networks.
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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 tapNpay
| 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 - tapNpay
| 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 |
Tapnpay Comparisons
Competitors of tapNpay
tapNpay 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 Bestpass, Peach Pass, GoToll, NextPass and BancPass, 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 |
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| domain | founded_year | HQ Location |
Web-based solutions for toll payments and management are provided.
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| domain | founded_year | HQ Location |
Manages electronic toll passes and mobile app for Georgia drivers.
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| domain | founded_year | HQ Location |
Mobile app for easy, touch-free toll road payments and tracking.
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| domain | founded_year | HQ Location |
Serves as a toll payment solution for consumers.
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| domain | founded_year | HQ Location |
Offers cash reloadable toll stickers for managing highway toll accounts.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Tapnpay
Frequently Asked Questions about tapNpay
When was tapNpay founded?
tapNpay was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is tapNpay located?
tapNpay is headquartered in Cedar Park, United States. It is registered at Cedar Park, Texas, United States.
Who is the current CEO of tapNpay?
Kenneth Plunk is the current CEO of tapNpay.
Is tapNpay a funded company?
tapNpay is a funded company, having raised a total of $2.54M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.43M, raised on Sep 10, 2020.
What does tapNpay do?
tapNpay was established in 2019 in Cedar Park, United States, within the fintech sector focused on toll management. Payment facilitation solutions are delivered to toll agencies, enabling collection from untagged users through a straightforward SMS-based system called tapNpay. Registration and usage are simplified for operators, with options for creditdebit card processing or integration with Apple Pay and Google Pay also supported across operations.
Who are the top competitors of tapNpay?
What products or services does tapNpay offer?
tapNpay offers TapNpay and NeoRide.
Who are tapNpay's investors?
tapNpay has 1 investor. Key investors include Neology.
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