Parlay - About the company
Parlay is a seed company based in Alexandria (United States), founded in 2022 by Alex McLeod, Jay Long and James Cho. It operates as a Provider of business consulting services for finance industry. Parlay has raised $3.3M in funding from investors like Techstars, Fenway Summer Ventures and Hivers & Strivers. The company has 554 active competitors, including 101 funded and 54 that have exited. Its top competitors include companies like FinBox, nCino and Loan Street.
Company Details
Parlay Finance is a cutting-edge platform designed for community banks and credit unions to streamline their lending processes with tailored analytics. It aims to enable financial inclusion and increase access to capital for diverse small business owners.
- Website
- www.parlay.finance/
- Social
Key Metrics
Founded Year
2022
Location
Alexandria, United States
Stage
Seed
Total Funding
$3.3M in 3 rounds
Latest Funding Round
Ranked
41st among 554 active competitors
Employee Count
12 as on Jan 05, 2026
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Parlay's funding and investors
Parlay has raised a total funding of $3.3M over 3 rounds. Its first funding round was on Nov 01, 2023. Its latest funding round was a Seed round on May 16, 2025 for $*****. 1 investor participated in its latest round. Parlay has 9 institutional investors.
Here is the list of recent funding rounds of Parlay:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 16, 2025 | 6243951 | Seed | 7676912 | 6989505 | 3121253 | 3414499 |
Feb 14, 2024 | 4700596 | Seed | 1209151 | 6456139 | 9462661 | 9952595 |
Nov 01, 2023 | 6748125 | Grant (prize money) | 4560123 | 8896966 | 9709386 |
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Parlay's founders and board of directors
Founder? Claim ProfileHere are the details of Parlay's key team members:
- Alex McLeod: Co-Founder & CEO of Parlay. Contact Info: 1 email address
- Jay Long: Co-Founder & COO of Parlay.
- James Cho: Co-Founder and CTO of Parlay.
View details of Parlay's Founder profiles and Board Members
Parlay's employee count trend
Parlay has 12 employees as of Jan 26. Here is Parlay's employee count trend over the years:
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Parlay's Competitors and alternates
Top competitors of Parlay include FinBox, nCino and Loan Street. Here is the list of Top 10 competitors of Parlay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending | $51.1M | 69/100 | ||
2nd | nCino 2011, Wilmington (United States), Public | Provider of a platform for digitizing and reengineering financial service processes | $222M | 69/100 | |
3rd |  Loan Street 2013, New York City (United States), Series B | Loan life cycle management solutions for banks and financial institutions | $39M | 63/100 | |
4th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
5th |  Finley 2021, San Francisco (United States), Acquired | Software-based credit cycle management solutions for businesses | $20.1M | 63/100 | |
6th |  Casca 2023, San Francisco (United States), Series A | Provider of AI-powered loan origination system for banks | $33M | 62/100 | |
7th |  Knight FinTech 2019, Mumbai (India), Series A | A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance | $32.8M | 62/100 | |
8th | MeridianLink 1998, Costa Mesa (United States), Acquired | Loan life cycle management systems for lenders and financial institutions | - | 62/100 | |
9th |  Turnkey Lender 2014, Austin (United States), Series A | AI-driven loan origination and management software for banks and non-bank lenders | $18.1M | 61/100 | |
10th |  Fuse 2011, New York City (United States), Series A | Loan origination solutions for banks and lenders | $30.9M | 61/100 | |
41st |  Parlay 2022, Alexandria (United States), Seed | Provider of business consulting services for finance industry | $3.3M | 50/100 |
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Parlay's Investments and acquisitions
Parlay has made no investments or acquisitions yet.
Reports related to Parlay
Here is the latest report on Parlay's sector:
News related to Parlay
Media has covered Parlay for a total of 2 events in the last 1 year, 1 of them has been about partnerships.
•
Parlay Finance and First Internet Bank Partner to Modernize SBA LendingFintech Finance•Oct 17, 2025•Parlay, First Internet Bank
•
Parlay Closes Seed Round & Partners with JAM FINTOP for Small Business and SBA LendingGlobal Fintech Series•Jun 09, 2025•Parlay, JAM FINTOP
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AZmed Raises €15M in FundingFinSMEs•Feb 20, 2024•AZmed, Worms Safety, Techstars, Teampact Ventures and 8 others
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