Pay By Group
Latest round
- Seed
Last raised
- Oct 2016
Total raised
- $3.4M
Investors
- 6
About Pay By Group
Pay By Group Inc.Founded in 2012 in San Francisco, US, Pay By Group Inc. specializes in creating a platform for group payment management. The company was co-founded by Camilo Acosta and Frank Langston.Pay By Group specializes in providing a platform designed to simplify group payments and facilitate collective financial transactions. Their core offering allows users to create and manage group payments for various purposes, such as event planning, travel, and shared experiences. The platform addresses the complexities and challenges associated with collecting funds from multiple individuals, ultimately enhancing the user experience by streamlining the payment process. Pay By Group targets a diverse clientele, including event organizers, travel groups, and social clubs, primarily serving users in North America and Europe.Pay By Group generates revenue through a transactional fee structure associated with its group payment services. Customers typically engage with the platform through subscription plans or pay-per-transaction models, allowing both businesses and individual users to manage their group payments efficiently. For example, a group planning a vacation might use Pay By Group's services to collect payments from each member, thereby centralizing transactions and ensuring timely contributions. The pricing plans are designed to accommodate various user needs, with distinct tiers that cater to both small gatherings and larger events.Pay By Group is focused on expanding its product offerings and market reach. The company plans to launch new features aimed at improving the user interface and enhancing payment security by the end of 2023. Additionally, Pay By Group is targeting expansion into European markets, specifically the UK and Germany, within the next 18 months.40 mn will be utilized to support these initiatives, particularly in product development and marketing efforts to increase brand awareness.
Who invested in Pay By Group
6 investors across 3 rounds
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Questions about Pay By Group
Who invested in Pay By Group?
Pay By Group has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Pay By Group raised?
Pay By Group has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Pay By Group last raise money?
Pay By Group's most recent round on record is a Seed, in Oct 2016.
What does Pay By Group do?
Pay By Group is a financial services company.
Where is Pay By Group headquartered?
Pay By Group is headquartered in San Francisco, US.
Which VCs invest in companies like Pay By Group?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Pay By Group's stage. Their profiles are linked below.
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