PayPerks
Latest round
- Series A
Last raised
- Jan 2013
Total raised
- $2.6M
Investors
- 5
About PayPerks
Founded in 2009 by Jake Peters, PayPerks is based in New York, US, specializing in educational and rewards programs for cardholders. The company integrates its services into the smiONE ™ Card platform, having launched in 2010 and expanded its offerings notably in 2021.6 mn from MentorTech Ventures.PayPerks specializes in integrated education and rewards solutions designed to enhance the financial literacy and capability of cardholders. Its primary offerings include interactive educational tools, gamification elements, and rewards systems that encourage users to engage with their financial management more effectively. Launched in 2010 and subsequently integrated into the smiONE ™ Card platform in 2021, PayPerks targets a diverse clientele comprised of federal and state benefit payment cardholders, payroll card users, and general purpose reloadable cardholders. The program has been adopted in various geographical markets across the United States, with significant partnerships involving national banks, prepaid card issuers, and non-profits.Revenue generation for PayPerks is facilitated through partnerships with financial institutions and the smiONE ™ Card platform, creating a framework for business transactions that center on educational engagement and rewards. The service operates on a B2B model, providing educational resources to partners while also delivering direct benefits to consumers in the form of rewards and incentives for responsible financial behavior. Clients, including government entities and prepaid card issuers, engage with the platform through established contracts that outline the integration of education and rewards into their existing card systems. The structure of these transactions often involves performance-based rewards that incentivize user engagement, leading to increased usage and customer satisfaction.PayPerks aims to expand its product offerings, focusing on new interactive educational tools and gamification features slated for release within the next year. The company also plans to penetrate new geographic markets, targeting areas across the Midwest and Southeast regions of the US by 2025.
Who invested in PayPerks
5 investors across 3 rounds
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Questions about PayPerks
Who invested in PayPerks?
PayPerks has 5 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 PayPerks raised?
PayPerks has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did PayPerks last raise money?
PayPerks's most recent round on record is a Series A, in Jan 2013.
What does PayPerks do?
Founded in 2009 by Jake Peters, PayPerks is based in New York, US, specializing in educational and rewards programs for cardholders.
Where is PayPerks headquartered?
PayPerks is headquartered in New York, US.
Which VCs invest in companies like PayPerks?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at PayPerks's stage. Their profiles are linked below.
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