When was Coala Pay founded?

Coala Pay was founded in 2021 and raised its 1st funding round 3 years after it was founded.

Where is Coala Pay located?

Coala Pay is headquartered in San Francisco, United States.

How many employees does Coala Pay have?

As of May 31, 2026, the latest employee count at Coala Pay is 19.

Is Coala Pay a funded company?

Coala Pay is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 2024.

When was the latest funding round of Coala Pay?

Coala Pay's latest funding was a $***** Seed round on Feb 08, 2025, with participation from 3 investors. Its primary sector is Digital Remittance. In United States, the Digital Remittance sector has seen $139M in funding in 2026 to date.

Where does Coala Pay rank among its competitors?

Coala Pay ranks 5th amongst 20 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Coala Pay, which secured $3.5M in Feb, 2025.

Who are the top competitors of Coala Pay?

Coala Pay's top competitors include TerraPay, Lightnet and Onafriq. Among them, Coala Pay secured the most recent funding round in February, 2025.

Coala Pay - 2026 Company Profile, Team, Funding & Competitors

Coala Pay is a seed company based in San Francisco (United States), founded in 2021 by Melyn Mckay. It operates as a Payment infrastructure for cross-border transfers. Coala Pay has raised $3.5M in funding from Castle Island Ventures and Lattice. The company has 20 active competitors, including 7 funded and 3 that have exited. Its top competitors include companies like TerraPay, Lightnet and Onafriq.

Company Details

Payment infrastructure for cross-border transfers. Offers infrastructure for last mile grants management in order to insulate donor funds from foreign currency risks, banking fees, and delays.

Website: coalapay.org
Social
Email ID: *****@coalapay.org

Key Metrics

Founded Year

2021

Location

San Francisco, United States

Stage

Seed

Total Funding

$3.5M in 2 rounds

Latest Funding Round

Seed, Feb 08, 2025, $*****

Investors

Castle Island Ventures & 2 more

Ranked

5^th among 20 active competitors

Employee Count

19 as on May 31, 2026

Similar Companies

TerraPay & 29 more

View Coala Pay's full profile

Coala Pay has raised a total funding of $3.5M over 2 rounds. Its first funding round was on Feb 2024. Its latest funding round was a Seed round on Feb 08, 2025 for $*****. 3 investors participated in its latest round. Coala Pay has 3 institutional investors.

Here is the list of recent funding rounds of Coala Pay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 08, 2025	7074787	Seed	4120862	7397718	8709121	5227692
Feb 2024	8123495	Seed	3185246	5550838	Lattice	7178538

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View details of Coala Pay's funding rounds and investors

The founders of Coala Pay is Melyn Mckay.

Here are the details of Coala Pay's key team members:

Melyn Mckay: Founder of Coala Pay.
Contact Info: 1 email address

View details of Coala Pay's Founder profiles and Board Members

Coala Pay's employee count trend

Coala Pay has 19 employees as of May 26. Here is Coala Pay's employee count trend over the years:

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Top competitors of Coala Pay include TerraPay, Lightnet and Onafriq. Here is the list of Top 10 competitors of Coala Pay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TerraPay 2014, London (United Kingdom), Acquired	Omnichannel payment solution for cross-border money transfers	$100M	IFC, Prime Ventures & 8 others	67/100
2nd	Lightnet 2018, Singapore (Singapore), Series B	Money transfer solution over blockchain networks	$81.2M	UOB, Hanwha & 10 others	67/100
3rd	Onafriq 2003, Tulsa (United States), Series C	Omnichannel payment network for cross-border remittance	$177M	LUN Partners Group, Goodwell Investments ... & 20 others	64/100
4th	TransferTo 2005, San Francisco (United States), Acquired	Global B2B fintech infrastructure enabling seamless payments and digital value transfers	$3M	STC Ventures, Ingenico	55/100
5th	Coala Pay 2021, San Francisco (United States), Seed	Payment infrastructure for cross-border transfers	$3.5M	Castle Island Ventures, Lattice & 1 others	40/100
6th	PAPSS 1993, Masr Al Jadidah (Egypt), Unfunded	Cross-border payment acceptance solution for businesses	-	-	38/100
7th	Settle Network 2019, United States, Seed	Financial network for cross-border payments	$3M	Stellar, Signum Capital & 2 others	37/100
8th	Roxe 2018, New York City (United States), Seed	Cross-border remittance solutions for cryptocurrencies	-	Zero to First	35/100
9th	Jenzy 2005, United Kingdom, Seed	Provider of settlement infrastructure for cross border financial payment transactions	$2.61M	Morgan Stanley, Ben Franklin Technology Partners ... & 1 others	34/100
10th	Wameja 1997, Sydney (Australia), Acquired	Network for cross-border transfer settlements	-	Herald Investment Management, Demtech	31/100