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Total amount raised
Latest funding date
2023-10-19
Location
Perpay offers a unique financial service platform designed to help users build their credit by making payments through their paycheck. The platform features a marketplace and a credit card, both aimed at providing transparent pricing and automatic payments to enhance users' financial health.
What Is Perpay?
Perpay operates within the financial services industry, specifically focusing on fintech solutions. The company is dedicated to helping users build their credit by making payments through their paycheck. It offers a marketplace and a credit card to facilitate this process.
Perpay's services are designed to provide a transparent, risk-free way to build credit, with many users reporting significant improvements in their credit scores. The company emphasizes ease of use, fast shipping, and excellent customer service.
How Much Funding Has Perpay Raised?
- Seed Round
- Amount Raised: Undisclosed
- Date: September 2019
- Lead Investors: First Round Capital
- Series A
- Amount Raised: Undisclosed
- Date: October 2023
- Lead Investors: L Catterton
- Debt Financing
- Amount Raised: Undisclosed
- Date: 2024
- Lead Investors: Fortress Investment Group (funds managed by affiliates)
Total Amount Raised: Undisclosed (specific round amounts have not been publicly disclosed).
Key Investors
- First Round Capital
- Details: First Round Capital is a venture capital firm that specializes in providing seed-stage funding to technology companies. They are known for their hands-on approach and extensive network of industry connections.
- Investment Focus Areas: Technology, consumer products, healthcare
- Notable Investments: Uber, Square, Warby Parker
- L Catterton
- Details: L Catterton is a leading global consumer-focused private equity and growth equity firm. They partner with companies across the consumer spectrum to accelerate growth.
- Investment Focus Areas: Consumer goods, retail, financial services
- Notable Investments: Peloton, Restoration Hardware, Boll & Branch
- Fortress Investment Group
- Details: Fortress Investment Group is a global investment management firm with expertise in credit, private equity, and real assets. They provided debt financing to Perpay in 2024.
- Investment Focus Areas: Credit, private equity, real assets
- Notable Investments: Various credit and private equity investments globally
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