NowPay (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- January 15, 2023
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Premoney Valuation
- $40,000,000
- Valuation
- $50,000,000
- Funding Amount:
- $10,000,000
Company Info
- Founding Year
- 2020
- Traction
- NowPay has seen a 200% increase in user sign-ups over the past year and has partnered with over 100 companies to offer its services.
- Revenue Amount
- $2,000,000
- ARR
- $5,000,000
- Organizations Involved
- ABC Corp, XYZ Inc.
- Founders
- John Doe, Jane Smith
- Company Description
- NowPay is a fintech company that provides salary advances to employees, allowing them to access their earned wages before the official payday. This service helps employees manage their cash flow and reduces financial stress.
- Market
- Payroll and Salary Advances
- Location
- San Francisco, California, USA
- Coinvestors
- Sequoia Capital, Accel Partners