Paywallet Secures $14 Million Funding
02/16/22, 2:15 PM
Location
jacksonvilleMoney raised
$14 million
Paywallet LLC www.yourpaywallet.com, a payroll-linked verification and remittance ecosystem, today announced it has attracted $14 million to date in funding including a recently closed $8.82 million Series A funding round. The Series A funding round has been led by a new investor Pasaca Capital Inc., a private equity investment firm based in Pasadena, CA. Investors in the previous rounds, PruVista Capital LLC, a Jacksonville, FL based specialty finance investment company and Arcadia Funds LLC, a Burlington, MA based fintech-focused investment manager also participated in this Series A funding round.
Company Info
Location
jacksonville, north carolina, united states
Additional Info
The latest round of investments will enable Paywallet to expand its sales and marketing efforts, build partnerships with other financial products and services companies, extend coverage to 95% of addressable end customers/users, help initiate growth internationally and bring scalable, decentralized applications to the lending industry through blockchain technology. Paywallet is the only full life-cycle payroll-linked SaaS platform that provides easy to integrate APIs for its clients for various lending journeys.