PayKey
Mobile Finance Solutions
StartupPayKey is a Ra'anana-based startup in the Fintech & Insurtech sector, established in 2014. Mobile Finance Solutions. The company has raised a total of $16.4M across 3 funding rounds, currently at the Mature stage. PayKey was founded by Offer Markovich and Daniel Peled. Key investors include Commerce Ventures, Magma Venture Partners, Digital Ventures, among 14 total investors. The company has 11-50 employees. Core technologies: Platforms & Interfaces, API.
With $16.4M in total funding, PayKey is a Mature-stage company operating in Fintech & Insurtech. The company follows a B2B2C business model. Product stage: Released. The company holds 1 patent.
- StageMature
- ProductReleased
- ModelB2B2C
- Employees11-50
- HQRa'anana
- DistrictCenter District
- Last Round$10M
- Commerce Ventures
- Magma Venture Partners
- Digital Ventures
14 investors total
Offer MarkovichCo-founder (No longer with the company)Daniel PeledCo-founder (No longer with the company)
13 articles covered by sources including mb.com.ph,
www.uktech.news,
www.cityam.com,
www.fintechmagazine.com,
www.verdict.co.uk.
What does PayKey do?
PayKey is a financial technology company that provides payment solutions to financial institutions and their customers. One of the company's latest products is Salary on Demand, which allows employees to access their earned wages before their scheduled payday. With Salary on Demand, employees can easily request a portion of their earned wages through a mobile app, which is then deposited directly into their bank account. This allows employees to have greater control over their finances and manage unexpected expenses or emergencies without resorting to high-interest loans or credit cards. PayKey's Salary on Demand solution also benefits employers by providing a way to attract and retain top talent, increase employee satisfaction, and reduce financial stress among their workforce. The solution integrates with existing payroll systems, making it easy for employers to implement without disrupting their current processes.
How much funding has PayKey raised?
PayKey has raised $16.4M in total funding across 3 rounds. The company is currently at the Mature stage. Key investors include Commerce Ventures, Magma Venture Partners, Digital Ventures.
Who founded PayKey?
PayKey was founded in 2014 by Offer Markovich (Co-founder (No longer with the company)), Daniel Peled (Co-founder (No longer with the company)).
What sector is PayKey in?
PayKey operates in Business Software, Operations Solutions, Human Resources Management, Fintech & Insurtech, Money Transfer & Management, with core technologies in Platforms & Interfaces, API. Target customers: Enterprise & Professional Services.
Where is PayKey located?
PayKey is based in Zarhin St 26, Ra'anana, Israel, Center District.