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PayJoy

company

About

PayJoy offers credit to under-served consumers in emerging markets worldwide.

Details

Last Funding Type
Convertable Note
Last Funding Money Raised
$6M
Industries
Credit,Emerging Markets,Financial Services,FinTech,Mobile
Founded date
Jan 1, 2015
Number Of Employee
1001 - 5000
Operating Status
Active
Legal Name
PayJoy Inc.

PayJoy has brought credit to millions of under-served consumers in emerging markets worldwide by collateralizing their smartphone to jumpstart them into the modern credit system. The company, based in San Francisco, California, was founded in 2015, funded by top fintech investors including Greylock and USV, and is now profitable and growing quickly.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
11
$97.15M
PayJoy has raised a total of $97.15M in funding over 2 rounds. Their latest funding was raised on Jan 21, 2020 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 21, 2020 Debt Financing $26M 1 Lendable Detail
May 23, 2019 Series B $20M 4 Greylock Detail
Nov 1, 2018 Debt Financing $20M 1 Detail
May 25, 2018 Convertable Note 1 Detail
Jan 30, 2018 Debt Financing $4M 1 Paxion Capital Partners Detail

Investors

Number of Lead Investors
Number of Investors
7
43
PayJoy is funded by 43 investors. Lendable and Greylock are the most recent investors.
Investor Name Lead Investor Funding Round
Lendable Yes Debt Financing
Greylock Yes Series B
Paxion Capital Partners Yes Debt Financing
ITOCHU Corporation Yes Convertable Note
Compound Yes Seed
Red Swan Ventures Yes Seed
Core Innovation Capital Series B
EchoVC Partners Series B
Union Square Ventures Series B
Arc Labs Debt Financing

Employee Profiles

Number of Employee Profiles
22
PayJoy has 22 current employee profiles, including Employee Michael Schultz
Employee
Executive
Executive
Employee
Employee