PayJoy

About

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

San Francisco,California,United States
1001 - 5000
https://www.payjoy.com

Highlights

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