PayKey
Mobile Finance Solutions
Startup Mature Fintech & Insurtech Est. 2014
Total Raised
$16.4M
Mature
Last Round
$10M
3 rounds
Investors
14
14 public
Team
4
11-50 employees
Confidence
99/100
News
13
articles
Patents
1
About
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.
Classification
Sector
Business SoftwareOperations SolutionsHuman Resources ManagementFintech & InsurtechMoney Transfer & Management
Core Technology
Platforms & InterfacesAPI
Target Customer
Enterprise & Professional Services
Business Model
B2B2C
Tags
mobile-applicationsfintechsocial-networksbanksmobile-paymentspaymentscustomer-experiencetransactionsconsumersp2p
Funding & Events
Oct 2017
B Round $10M
Commerce Ventures, Magma Venture Partners, Digital Ventures, FinTech71, SBI Holdings, Mindset Ventures, The FinLab, Headline, SixThirty, MizMaa Ventures
Nov 2016
A Round $6M
MasterCard, Magma Venture Partners, Gaby Salem, Commerce Ventures, Santander InnoVentures, Headline, Digital Leaders Ventures
Jan 2015
Seed $400K
Magma Venture Partners
News (13)
Jan 19, 2022 · mb.com.ph
growth-positive
How banks can help employers empower, improve their employees' financial well-being
Customers
Feb 3, 2021 · www.uktech.news
PayKey, a social fintech startup launches world-first embedded banking solution - UKTN | UK Tech News
Feb 2, 2021 · www.cityam.com
growth-positive
Paykey launches trading functionality to compete with 'wild west' app market
Customers
Aug 26, 2020 · www.fintechmagazine.com
growth-positive
https://www.fintechmagazine.com/banking/paykey-helps-transform-standard-chartered-bank-korea
PartnersCustomers
Feb 20, 2020 · www.verdict.co.uk
Bank Austria is live with the PayKey Social Banking Solution
Nov 5, 2019 · www.prnewswire.com
growth-positive
Notice Regarding Establishment of SBI PayKey Asia Co., Ltd That Engages in Financial Services Via Smartphone Keyboard
Partners
May 30, 2018 · www.paymentssource.com
growth-negative
PayKey expands its market amid Apple pushback
CustomersPartners
Apr 11, 2018 · bankinnovation.net
growth-positive
Payments Keyboard App PayKey Makes Its Way to U.K. and Mexico
PartnersExpand
Oct 19, 2017 · techcrunch.com
growth-positive
PayKey raises $10M for its millennial-targeted "social banking" smartphone keyboard
CustomersPartnersInvestment
Apr 28, 2017 · www.temenos.com
growth-positive
Payment Start-Up Paykey Wins Temenos' Innovation Jam Final in Lisbon
Partners
Mar 8, 2017 · bankinnovation.net
growth-positive
PayKey Takes Top Spot in Bank Innovation Demo Challenge
PartnersCustomers
Jan 6, 2016 · newsroom.accenture.com
15 Innovators Selected for Accenture's 2016 FinTech Innovation Lab London
Dec 21, 2015 · news.nocamels.com
growth-positive
PayKey Wins Startup Competition
Partners
Details
Product Stage
Released
Employees
11-50
Exact Count
22
District
Center District
Founded
2014
Registrar
515133734
Crunchbase
paykey
Locations
Zarhin St 26, Ra'anana, Israel
Links
Website
LinkedIn
Twitter
Careers
Admin
Last Update
Sep 14, 2024
Verified by
Yanina Wainscheinker
Claimed
Yes
Missing
markets
Team (4)
Sheila Kagan
CEO
Offer Markovich
Co-founder (No longer with the company)
Founder
Daniel Peled
Co-founder (No longer with the company)
Founder
Shira Regev
VP Strategy & Growth
Internal
Created by
Jenny Sotnik-Talisman (genys30@yahoo.com)
Created
2016-02-06T00:00:00.000Z
Last editor
Jenny Sotnik-Talisman (jenny.sotnik@sncentral.org)