When was paerpay founded?

paerpay was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is paerpay located?

paerpay is headquartered in Worcester, United States.

Who is the current CEO of paerpay?

Derek Canton of paerpay. They have also founded 1 company.

How many employees does paerpay have?

As of May 31, 2026, the latest employee count at paerpay is 6.

Is paerpay a funded company?

paerpay is a funded company, having raised a total of $7.19M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 23, 2018.

When was the latest funding round of paerpay?

paerpay's latest funding was a $***** Conventional Debt round on May 31, 2024, with participation from 0 investor. Its primary sector is Payments. In United States, the Payments sector has seen $2.58B in funding in 2026 to date.

Where does paerpay rank among its competitors?

paerpay ranks 3rd amongst 29 active competitors, of which 10 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was paerpay, which secured $700K in May, 2024.

Who are the top competitors of paerpay?

paerpay's top competitors include TabbedOut, MyCheck and Lemon. Among them, paerpay secured the most recent funding round in May, 2024.

paerpay - 2026 Company Profile, Team, Funding & Competitors

Company Details

Paerpay is a mobile app for dining payments. The users need to scan the Paerpay code at the table to create a new bill. Users can use the app to split, tip, and manage the bill. Supports credit card and debit card payments. Available on Android and iOS platforms.

Website: www.paerpay.com/
Social
Email ID: *****@paerpay.com

Key Metrics

Founded Year

2017

Location

Worcester, United States

Stage

Seed

Total Funding

$7.19M in 4 rounds

Latest Funding Round

Conventional Debt, May 31, 2024, $*****

Investors

MassMutual & 11 more

Ranked

3^rd among 29 active competitors

Employee Count

6 as on May 31, 2026

Similar Companies

Qerko & 158 more

View paerpay's full profile

paerpay has raised a total funding of $7.19M over 4 rounds. Its first funding round was on May 23, 2018. paerpay has 12 institutional investors.

Here is the list of recent funding rounds of paerpay:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2024	8680492	Conventional Debt	9415568	9723704	2113509	6360784
Mar 16, 2022	1079021	Seed	7033928	2752585	8693211	Elevate Capital & 5 more
Dec 08, 2021	8751230	Seed	6477503	2135238	MassMutual	Elevate Capital & 5 more

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View details of paerpay's funding rounds and investors

The founders of paerpay is Derek Canton. Derek Canton is the CEO of paerpay.

Here are the details of paerpay's key team members:

Derek Canton: Founder & CEO of paerpay.

View details of paerpay's Founder profiles and Board Members

paerpay's employee count trend

paerpay has 6 employees as of May 26. Here is paerpay's employee count trend over the years:

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Top competitors of paerpay include TabbedOut, MyCheck and Lemon. Here is the list of Top 10 competitors of paerpay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TabbedOut 2009, Austin (United States), Series C	Mobile Payment and Marketing for Hospitality	$41.1M	New Enterprise Associates, Trellis Partners ... & 8 others	44/100
2nd	MyCheck 2011, Tel Aviv (Israel), Acquired	Provider of digital solutions for the hospitality industry	$11.1M	MiddleGame Ventures, Santander InnoVentures ... & 1 others	44/100
3rd	paerpay 2017, Worcester (United States), Seed	App-based platform for dining payments	$7.19M	MassMutual, KBB Capital & 10 others	39/100
4th	Lemon 2011, Palo Alto (United States), Deadpooled	Dining payment solutions	$18M	Lightspeed Venture Partners, Balderton Capital ... & 5 others	39/100
5th	SpeedETab 2013, Fort Lauderdale (United States), Acquired	Mobile ordering at restaurants & bars	$650K	-	38/100
6th	Copper 2017, Reno (United States), Acquired	Payment processing solution for restaurant businesses	$3.46M	ID8 Investments, X Co	35/100
7th	Blismo 2018, Baltimore (United States), Unfunded	App for restaurant bill payment	-	-	33/100
8th	Cover 2012, New York City (United States), Acqui-Hired	Mobile Payments at Restaurants	$7M	Red Swan, Lerer Hippeau & 2 others	33/100
9th	Menud 2015, San Francisco (United States), Seed	Mobile ordering and payment app.	$288K	Jumpstart Capital, P5 Health Ventures & 1 others	32/100
10th	Preo Mobile Ordering 2012, New York City (United States), Funding Raised	Provider of Montessori early childhood education programs	-	Aria, Dorm Room Fund & 4 others	29/100