# Paerpay

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

- Industry: Financial Services
- Headquarters: Boston, US
- Website: www.paerpay.com
- Total disclosed funding: $4.2M
- Latest round: Seed (Dec 8, 2021)
- Investors on record: 7

## About

Based in Massachusetts, US, and founded in 2017 by CEO Derek E. Canton and CTO Benjamin Hass, Paerpay, Inc. offers financial software designed to provide contactless payment solutions that do not require changing the hardware or credit card processor. In March 2022, Paerpay, Inc. raised USD 3 million in seed funding led by MassMutual Ventures, with participation from Chingona Ventures, Elevate Capital, Gaingels Syndicate, MassVentures, The Fund, and TechStars Ventures.

The company provides a contactless payment solution for merchants where their customers can pay by scanning the QR codes with their mobile devices. It also provides other features including a text message-driven payment system and bill split options. 

The company plans to use the seed funds to build out its team by hiring engineers, sales, and marketing staff, as well as to scale operations and expand rapidly this year.

## Funding rounds

- Seed, Dec 8, 2021, $4.2M — MassVentures, Techstars, MassMutual Ventures, Elevate Capital, Gaingels, Everywhere Ventures, Chingona Ventures

## Investors

- MassVentures (https://capitalatlas.ai/funds/massventures) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Seed
- Elevate Capital (https://capitalatlas.ai/funds/elevate-capital) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Chingona Ventures (https://capitalatlas.ai/funds/chingona-ventures) — Seed