# Mayfair

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mayfair

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.getmayfair.com
- Total disclosed funding: $8M
- Latest round: Seed (Apr 1, 2022)
- Investors on record: 3

## About

Founded in 2021 by Munish Chopra (COO), Kent Mori (COO), Kevin Chan (CTO), and Daniel Chan (CEO), and based in California, US, Paperclip Technologies, Inc., trading under the name Mayfair, is a financial technology company that enables businesses to manage and increase their liquidity. In April 2022, Mayfair raised USD 1 million in seed funding led by returning investor Tiger Global Management, with participation from other returning investors BoxGroup and Amity Ventures. As of April 2022, the firm has around 12 employees. The company’s customers include Deloitte, JP Morgan, Triton, TPG, Headway, etc. 

The company provides FDIC-insured (federal deposit insurance corporation) products and software solutions to businesses, allowing them to analyze the number of funds required for operations and earn yields through automated cash management. The firm rebalances all business accounts and automates its treasury functions to ensure that businesses earn the highest possible yields.

The company intends to use the April 2022 funding to hire more employees, and focus on engineering, product, and design.

## Funding rounds

- Seed, Apr 1, 2022, $1M — Tiger Global Management, BoxGroup, Amity Ventures
- Seed, Nov 18, 2021, $7M — Tiger Global Management, BoxGroup, Amity Ventures

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Amity Ventures (https://capitalatlas.ai/funds/amity-ventures) — Seed