SnapPays Mobile

Founded in 2016 in Los Angeles, US, SnapPays Mobile, Inc. operates in the digital payment space, specializing in streamlining billing for clients in healthcare and other sectors. The company was established by Jason Meltzer, Kush Sodhia, and Patrick Kann, with Kush Sodhia currently serving as CEO.Papaya offers a digital payment solution designed to streamline billing and enhance cash flow for various sectors, with a strong focus on healthcare practices. The core service allows consumers to pay bills effortlessly through a camera-enabled feature, enabling them to scan a QR code on their statements and complete transactions without needing an app, account, or login. This approach addresses the complexities of traditional billing methods, reducing paperwork and improving efficiency.5 million Americans have used the platform to pay their bills.Papaya operates on a transaction-based revenue model, deriving its primary income from processing payments through its platform. The company facilitates direct-to-consumer transactions, allowing clients to efficiently collect payments from their end-users. Clients benefit from faster payment cycles, enhancing their cash flow. Specific pricing structures for Papaya’s services are not disclosed, but clients typically pay a fee per transaction or a subscription-based fee for access to the platform.In June 2021, SnapPays Mobile, Inc. The company plans to launch new products designed to further streamline payment processes and is targeting expansion into new markets across the United States by the end of 2023.

1. Series B

   Jun 23, 2021

   Amount

   $51M

   Investors

   Locked

2. Series A

   Dec 3, 2018

   Amount

   $11M

   Investors

   Locked

3. Seed

   Jan 26, 2018

   Amount

   $4.2M

   Investors

   Locked

4. Seed

   Jun 1, 2016

   Amount

   $1.1M

   Investors

   Locked