Total amount raised
Latest funding date
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.
Keep reading to explore the intricacies of Perpay's fundraising journey and the investors backing this innovative platform.
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: $1.5 million
- Date: January 2018
- Lead Investors: First Round Capital
- Series A
- Amount Raised: $8 million
- Date: June 2019
- Lead Investors: Greycroft
- Series B
- Amount Raised: $20 million
- Date: March 2021
- Lead Investors: Bessemer Venture Partners
In total, Perpay has raised $29.5 million.
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
- Greycroft
- Details: Greycroft is a venture capital firm that invests in both early and growth-stage companies. They have a strong presence in the media and technology sectors.
- Investment Focus Areas: Media, technology, e-commerce
- Notable Investments: Venmo, The RealReal, Scopely
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is one of the oldest venture capital firms, with a history dating back to 1911. They focus on investing in innovative companies across various sectors.
- Investment Focus Areas: Cloud computing, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
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