# iPaymy Technologies Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ipaymy-technologies-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.ipaymy.com
- Total disclosed funding: $5.1M
- Latest round: Series A (Oct 5, 2022)
- Investors on record: 3

## About

iPaymy Technologies Pte Ltd. specializes in innovative payment solutions for enterprises and consumers, enabling seamless transactions across global markets with a focus on credit card processing and cash flow management.Founded in 2016 in Singapore, iPaymy Technologies Pte Ltd. provides a user-friendly platform for making and receiving payments using credit cards, even in contexts where traditional acceptance is unavailable. The company has successfully completed 3 deals, with its latest funding round being a Series A in October 2022, which raised USD 3.65 mn from investors including BEENEXT and DG Daiwa Ventures. As of that funding, the company’s valuation stands at USD 25.24 mn.iPaymy offers a comprehensive suite of payment solutions designed to cater to the diverse needs of enterprises, small and medium-sized enterprises (SMEs), and individual consumers. Their primary service allows users to make and receive payments using credit cards, even in situations where traditional card acceptance is not available. This functionality addresses a critical gap in the payment processing landscape, enabling users to manage cash flow, access working capital, and earn rewards seamlessly. The platform targets a broad customer base, including businesses that require flexible payment options for suppliers and individuals looking for convenient ways to handle everyday expenses. iPaymy's services are available globally, facilitating transactions across over 130 countries and in more than 70 currencies, thus expanding payment possibilities for its users in various international markets.iPaymy generated revenue of USD 2,173,684.50 in the most recent year, 2023. The company’s EBITDA for the same period was USD -315,236.10. Revenue is primarily earned through transaction fees associated with its payment solutions, where users are charged a percentage of the transaction amount for each payment processed. This model applies to both B2B services, enabling enterprises to shift their business expenses onto credit cards, and to individual consumers utilizing the platform for personal expenses.In October 2022, iPaymy Technologies Pte Ltd. raised USD 3.65 mn in Series A funding, which values the company at USD 25.24 mn post-money. The proceeds will support the development of new products aimed at enhancing its service offerings, as well as plans to expand into new markets. Specific geographic regions targeted for growth include Southeast Asia and Europe, with the company aiming to launch its initiatives by the end of 2024.

## Funding rounds

- Series A, Oct 5, 2022, $3.6M — BEENEXT, DG Daiwa Ventures, DG Incubation
- Seed, Dec 8, 2020, $0.8M — BEENEXT, DG Incubation
- Seed, Sep 15, 2017, $0.6M — BEENEXT

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A
- DG Incubation (https://capitalatlas.ai/funds/dg-incubation) — Seed, Series A
- DG Daiwa Ventures (https://capitalatlas.ai/funds/dg-daiwa-ventures) — Series A