logo
logo

Play2Pay Raises $13M Series A Led By Telesoft Partners To Globally Scale Payment Gamification

Jul 15, 2021•almost 4 years ago

Amount Raised

$13 Million

Round Type

series a

Miami

Description

Play2PayTM, a global mobile payments platform that gamifies payments, today announced an oversubscribed $13 million Series A funding round led by Telesoft Partners with participation from Harbor Spring Capital and notable individual investors including: former AT&T vice chairman Ralph de la Vega, former Reuters CEO Tom Glocer, Madison Dearborn Partners co-founder and senior advisor Jim Perry, and Virtusa founder and former CEO, Kris Canekeratne. The new capital will fuel the company’s rapid global expansion by accelerating product development, hiring and partner engagement.

Company Information

Company

Play2 Pay

Location

Miami, Florida, United States

About

Based in Miami, Florida, the company has operations in the United States, United Kingdom, Mexico and Singapore. Play2Pay has mega potential to extend their model to multiple industries beyond mobile carriers. The company was founded by telecommunications veteran Brian Boroff in 2015. “Play2Pay is at the sweet spot of the intersection of mobile payments, monetization and gaming,” said Arjun Gupta, Chief Believer and Founder of Telesoft Partners. ”Play2Pay is currently available to more than 100 million mobile subscribers across high smartphone penetration markets, including the United States, United Kingdom, Mexico, Brazil and Indonesia. As usage of mobile devices surged during the pandemic, Play2Pay was well positioned to help carriers including AT&T, Cricket, and Indosat, to name a few, increase subscriber engagement and deliver value in the form of entertainment, brand discovery and monthly savings.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech