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Payfi (Techstars ‘23) logo — Build your credit when you pay your rent. No extra fees. No...

Payfi (Techstars ‘23)

Build your credit when you pay your rent. No extra fees. No landlord participation needed.

Founded 2022 Canada Toronto, Canada 21 employees Pre Seed Total: $1.12M Financial Services, Payments

General Information

Company Name Payfi (Techstars ‘23)
Founded Year 2022
Location Canada Toronto, Canada +1
Founders / Decision Makers
Team member
Employees 21
Industries Financial Services, Payments
Funding Stage Pre Seed
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About Payfi (Techstars ‘23)

Payfi (Techstars ‘23) is a Canadian startup that aims to simplify the rental journey for Canadian Residents & Immigrants. The company's slogan "Simplifying the rental journey for Canadian Residents & Immigrants. Secure a home, and build credit." elucidates its mission. Founded in 2020, Payfi focuses on providing housing solutions for international students, permanent residents, and temporary foreign workers. The company operates in the Financial Services and Payments industries from its headquarters in Canada. Notably, Payfi recently secured a $120.00K Pre Seed Round investment on 22 September 2023, with Techstars Toronto Accelerator being the primary investor. This strategic investment is expected to bolster the company's efforts in simplifying the rental journey for its target market and expanding its reach within the Canadian real estate and financial services sectors. With this recent investment, Payfi is poised to further solidify its position as an innovative solution provider for the housing and credit needs of Canadian Residents & Immigrants.

Taxonomy: rental solutions, housing, newcomers, immigrants, Canadian fintech, rent guarantees, financial empowerment, credit building, rent financing, financial flexibility, trust, landlords, credit history, guarantor requirements

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 1 •••• •••• 22 Sep 2023
Pre Seed Round •••••• - 01 Jan 2022

Payfi (Techstars ‘23) Alternatives & Competitors

Payfi (Techstars ‘23) vs
Boom
Boom United States

Modern rental financial services.

Seed
54 employees
Financial Services, Fintech
Payfi (Techstars ‘23) vs
Altro
Altro United States

Altro is a financial platform helping people build credit through recurring payments and subscriptio...

Undisclosed
370 employees
Finance, Fintech
Payfi (Techstars ‘23) vs
950 Credit
950 Credit

Enhancing tenant credit scores through accurate rent payment reporting, fostering financial growth a...

Pre Seed
2-10 employees
Finance, Real Estate

FAQ About Payfi (Techstars ‘23)

Build your credit when you pay your rent. No extra fees. No landlord participation needed.
Payfi (Techstars ‘23) was founded in 2022.
Payfi (Techstars ‘23) is headquartered in Toronto, Canada.
Payfi (Techstars ‘23) operates in the following industries: Financial Services, Payments.
Payfi (Techstars ‘23) has approximately 21 employees.
Payfi (Techstars ‘23) has completed 2 funding rounds, raising a total of $1.12M. The latest funding stage is Pre Seed.
Top alternatives and competitors to Payfi (Techstars ‘23) include Boom, Altro, 950 Credit, Kettel, Credit Rent Boost. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Payfi (Techstars ‘23) and Boom are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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