# Sipree

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

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.digitalpay.us
- Total disclosed funding: $3.7M
- Latest round: Series A (Feb 12, 2020)
- Investors on record: 3

## About

Sipree, Inc. is an innovative provider of digital payout solutions that enhance financial transaction efficiency for businesses and consumers, focusing on streamlined and secure payment processes.Sipree, Inc., founded in 2011 and headquartered in San Francisco, US, specializes in digital payment solutions. The company has undergone no notable pivots in its operations. The CEO, Shafiu Shuaibu, has a history in the tech industry. Sipree, Inc. raised USD 1.2 mn in Series A funding on February 12, 2020, co-led by investors Fenway Summer Ventures, Leranax LP, and Temerity Capital Partners. The total amount raised by the company stands at USD 1.2 mn with a current valuation of USD 3.606 mn.DigitalPay offers a robust suite of digital payout solutions designed to streamline financial transactions for both businesses and consumers. Their primary service enables instant digital payments, eliminating traditional payment methods that are often costly and time-consuming. By providing tailored payment options, DigitalPay caters to various end-use cases, including claims, rebates, refunds, and other one-time payments. The platform is particularly beneficial for industries requiring efficient, secure, and trackable payment solutions, such as legal settlements, consumer rebates, and corporate incentives. DigitalPay's services are available in multiple geographical markets, including North America and select regions in Europe, ensuring a diverse client base across various sectors.DigitalPay generates revenue through its enterprise SaaS model, centralizing clients' payment workflows and systems of record. Businesses subscribe to the platform to facilitate digital payouts for their customers, which enhances transaction efficiency and reduces administrative costs. DigitalPay emphasizes a value proposition that includes significant cost savings tied to the elimination of paper checks, postage, and management time. The firm engages with clients across various segments, including B2B partnerships and direct-to-consumer transactions, positioning itself as a key player in the digital payment landscape. Its flagship offerings form the core of its revenue model, emphasizing speed, security, and user choice in financial transactions.Sipree, Inc. is poised for growth with plans to launch new products aimed at enhancing its digital payment services. Following the recent Series A funding of USD 1.2 mn, the company will utilize this capital to expand its market presence in North America and selected European regions. The funding will support these growth initiatives, focusing on improving service offerings and increasing operational capacity to meet rising demand.

## Funding rounds

- Series A, Feb 12, 2020, $1.2M — Fenway Summer Ventures, Temerity Capital Partners, Leranax LP
- Seed, Jun 15, 2015, $2.5M — Fenway Summer Ventures

## Investors

- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Seed, Series A
- Temerity Capital Partners (https://capitalatlas.ai/funds/temerity-capital-partners) — Series A
- Leranax LP — Series A