PayJoy logo — Finance for the next billion

PayJoy

Finance for the next billion

Founded 2015 United States San Francisco, United States 1157 employees Debt Financing Total: $410.15M Finance, Financial Services +2

General Information

Company Name PayJoy
Founded Year 2015
Location United States San Francisco, United States +4
Founders / Decision Makers
Team member
Employees 1157
Industries Finance, Financial Services, Fintech +1
Funding Stage Debt Financing
Social

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About PayJoy

PayJoy is a fintech startup with a mission to provide access to credit to the next billion people in emerging markets worldwide. Using their unique mobile security technology, PayJoy enables customers to afford their first smartphone on credit, using the phone itself as collateral. They also offer further access to credit to help navigate unexpected financial challenges and improve economic well-being.

Founded in 2015, PayJoy has swiftly expanded its reach, serving over 10 million customers in emerging markets including Mexico, Brazil, Colombia, Ecuador, Panama, Peru, and South Africa. The company has achieved solid profitability and continues to experience significant growth.

The most recent investment in PayJoy was a $150.00M Series C funding received on 05 September 2023. The investors participating in this round included Citi Ventures, Union Square Ventures, Warburg Pincus, Invus, and Greylock.

PayJoy's commitment to serving underserved markets and its innovative approach to credit access make it a prominent player in the emerging fintech space, offering substantial potential for further growth and impact.

Taxonomy: Consumer Finance, Mobile, Emerging Markets, Access to Credit, Smartphone Financing, Underbanked, Financial Inclusion, Credit Access, Global Expansion, Technology Innovation

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 1
Investor
05 Sep 2023
Series C •••••• 5
Investor Investor Investor Investor
•••• ••••
05 Sep 2023
Series B •••••• 4
Investor Investor Investor
•••• ••••
23 May 2019
Debt Financing •••••• - 01 Nov 2018
Convertible Note •••••• 8
Investor Investor Investor Investor Investor Investor Investor
•••• ••••
19 Sep 2017

View All 9 Funding Rounds

PayJoy Alternatives & Competitors

PayJoy vs

Empowering underserved borrowers with flexible and affordable credit solutions for everyday financia...

Corporate Round
Finance, Financial Services
PayJoy vs
RIVO Holdings, LLC
RIVO Holdings, LLC United States

For the last decade, RIVO Holdings has been a leader in Financial Services.

108 employees
Financial Services, Information Technology
PayJoy vs
KALEA
KALEA Brazil

Smart Credit

2 employees
Finance, Financial Services

FAQ About PayJoy

Finance for the next billion
PayJoy was founded in 2015.
PayJoy is headquartered in San Francisco, United States.
PayJoy operates in the following industries: Finance, Financial Services, Fintech, Mobile.
PayJoy has approximately 1157 employees.
PayJoy has completed 9 funding rounds, raising a total of $410.15M. The latest funding stage is Debt Financing.
Top alternatives and competitors to PayJoy include FS Card, RIVO Holdings, LLC, KALEA, ClearScore, Dollarito. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PayJoy and FS Card 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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