# Payfully

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

- Industry: Financial Services
- Headquarters: Brooklyn, US
- Website: www.payfully.co
- Total disclosed funding: $2.1M
- Latest round: Seed (May 19, 2017)
- Investors on record: 3

## About

Payfully, Inc. is a financial technology company specializing in solutions for real estate agents and the self-employed economy, offering tools to streamline financial management and automate commission distributions.Founded in 2016 in Brooklyn, US, Payfully, Inc. provides innovative financial solutions for real estate agents. The company raised USD 2.07 mn in Seed funding in May 2017 from investors including Accomplice, Firstrock Capital, and NextView Ventures. Brandon Wright serves as the CEO, and the founding team includes Andrew H, Brandon Wright, and Tony De la Mata.Payfully offers a suite of financial products tailored for real estate professionals, centered around its Financial Benefits Platform. This platform enables agents to manage their financial accounts, automate commission distribution, and access pending commissions early. Notably, agents can allocate commissions across various accounts and use a commission advance feature, which acts like a line of credit, allowing access to up to 75% of pending commissions for a fee, tailored primarily for the self-employed workforce in the US.Payfully generates revenue through strategic pricing associated with its services, particularly the Financial Benefits Platform and commission advance offerings. Agents can incur costs starting at 3% for accessing funds via the commission advance for a 30-day period. This pricing structure aims to provide flexibility while enhancing agents' cash flow and financial well-being.Following the Seed funding raised in May 2017, Payfully intends to enhance its Financial Benefits Platform, focusing on developing new features that facilitate better financial management for agents. The company also plans to expand its offerings into new markets across the US, targeting a broader range of real estate professionals by 2024. The recent funding will be utilized to support these enhancements and market expansion efforts.

## Funding rounds

- Seed, May 19, 2017, $2.1M — NextView Ventures, Accomplice, Firstrock Capital

## Investors

- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed
- Firstrock Capital (https://capitalatlas.ai/funds/firstrock-capital) — Seed