When was Pay by Bank founded?

Pay by Bank was founded in 2006 and raised its 1st funding round 16 years after it was founded.

Where is Pay by Bank located?

Pay by Bank is headquartered in London, United Kingdom.

Is Pay by Bank a funded company?

Pay by Bank is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2022.

When was the latest funding round of Pay by Bank?

Pay by Bank's latest funding was a $***** Series A round on Nov 16, 2022, with participation from 4 investors. Its primary sector is Payments. In United Kingdom, the Payments sector has seen $886M in funding in 2026 to date.

Where does Pay by Bank rank among its competitors?

Pay by Bank ranks 604th amongst 6058 active competitors, of which 508 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Pay by Bank?

Pay by Bank's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

Pay by Bank - 2026 Company Profile, Funding & Competitors

Company Details

Provider of real-time payment processing services using Australia's PayTo network. It allows customers to make instant payments at checkout by connecting to their bank. Customers authenticate the payment through their banking app using a notification, text, or email. The service connects with Australian banks, internet browsers, and phone operating systems.

Website: www.paybybank.com/us
Part Of

Key Metrics

Founded Year

2006

Location

London, United Kingdom

Stage

Series A

Total Funding

$50M in 2 rounds

Latest Funding Round

Series A, Nov 16, 2022, $*****

Investors

Insight Partners & 4 more

Ranked

604^th among 6058 active competitors

Similar Companies

Flutterwave & 3773 more

View Pay by Bank's full profile

Pay by Bank has raised a total funding of $50M over 2 rounds. Its first funding round was on 2022. Its latest funding round was a Series A round on Nov 16, 2022 for $*****. 4 investors participated in its latest round. Pay by Bank has 5 institutional investors.

Here is the list of recent funding rounds of Pay by Bank:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 16, 2022	8001279	Series A	4209768	6313628	7190093	6929627
2022	8214	Series A	4965	3311	Bank of America	8574

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Top competitors of Pay by Bank include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of Pay by Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 36 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	82/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 187 others	80/100
9th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
10th	Mercado Pago 2003, Buenos Aires (Argentina), Series D	Provider of online payment processing and digital financial services	$233M	Goldman Sachs, Citi & 1 others	77/100
604th	Pay by Bank 2006, London (United Kingdom), Series A	Provider of real-time payment processing services using Australia's PayTo network	$50M	National Australia Bank, Rapyd & 3 others	39/100