Decentralized Mobile Applications

Decentralized Mobile Applications Ltd, founded in 2015, is based in Tel Aviv-Yafo, Israel. The company focuses on delivering real-time embedded banking solutions.PayKey specializes in providing embedded banking solutions that cater to the evolving financial needs of customers in real-time. Their primary offerings include the Salary on Demand and Earned Wage Access (EWA) solutions, enabling banks to deliver immediate access to earned income prior to typical payday schedules. These products are designed to enhance financial flexibility for employees and reduce reliance on high-interest credit options. PayKey targets financial institutions, allowing them to leverage its technology for their end-users, primarily employees seeking timely access to their earnings.The revenue structure for PayKey is built around partnerships with banks and financial institutions that implement its embedded banking solutions. Transactions are facilitated through a subscription model, enabling financial institutions to integrate and utilize PayKey's Salary on Demand and EWA solutions within their services. This structure allows banks to offer these solutions to their customers, potentially increasing customer retention and satisfaction.PayKey's future growth strategy includes the development of new products aimed at enhancing its service offerings. The company aims to address the growing need for instant pay through its innovative solutions, thereby capitalizing on the increasing demand for flexible financial options.

1. Series B

   Nov 20, 2017

   Amount

   $10M

   Investors

   Locked

2. Series B

   Oct 19, 2017

   Amount

   $4M

   Investors

   Locked

3. Series B

   Jun 25, 2017

   Amount

   $6M

   Investors

   Locked

4. Series A

   Nov 22, 2016

   Amount

   $6M

   Investors

   Locked

5. Seed

   Jan 4, 2015

   Amount

   $0.4M

   Investors

   Locked