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Pay3 - About the company

Pay3 is a seed company based in San Francisco (United States), founded in 2021 by Priya Karnik and Rajiv Thondanoor. It operates as a Platform providing instant payment solutions for enterprises leveraging fiat rails & digital currency networks. Pay3 has raised $583K in funding from Multiply Ventures, with a current valuation of $*****. The company has 303 active competitors, including 45 funded and 15 that have exited. Its top competitors include companies like Simplex, OpenFX and Zero Hash.

Company Details

Platform providing instant payment solutions for enterprises leveraging fiat rails & digital currency networks. It provides instant payment and an operating layer for a plug-and-play digital currency, enabling businesses to power payment across fiat.
Website
pay3.money
Social
X
Email ID
*****@pay3.money
Registered Address
641 Sobha Dewflower, Sarakki Main Road 4th Cross, J.P. Nagar, 1st Phase, Bangalore, Bangalore, Karnataka, India, 560078
Key Metrics
Founded Year
2021
Location
San Francisco, United States
Stage
Seed
Total Funding
$583K in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Oct 31, 2022
Ranked
Employee Count
16 as on Sep 30, 2026
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Pay3's funding and investors

Pay3 has raised a total funding of $583K over 1 round. Its latest funding round was a Seed round on Oct 31, 2022 for $*****. 3 investors participated in its latest round. Pay3 has 5 institutional investors.

Here is the list of recent funding rounds of Pay3:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 31, 2022
7120689
Seed
8088933
3319506
1639795
1204325
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Pay3's founders and board of directors

Founder? Claim Profile
The founders of Pay3 are Priya Karnik and Rajiv Thondanoor.
Here are the details of Pay3's key team members:

Pay3's employee count trend

Pay3 has 16 employees as of Sep 26. Here is Pay3's employee count trend over the years:
Employee count trend for Pay3
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Pay3's Competitors and alternates

Top competitors of Pay3 include Simplex, OpenFX and Zero Hash. Here is the list of Top 10 competitors of Pay3, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Simplex
Simplex
2014, Ramat Gan (Israel), Acquired
AI-based crypto payments and fraud prevention solutions for businesses
$19M
75/100
2nd
Logo for OpenFX
OpenFX
2024, Miami (United States), Series A
Provider of infrastructure for instant, low-cost, cross-border foreign exchange liquidity
$117M
72/100
3rd
Logo for Zero Hash
Zero Hash
2017, Chicago (United States), Series D
Embedded crypto solutions for financial institutions
$286M
68/100
4th
Logo for Bridge
Bridge
2022, San Francisco (United States), Acquired
Developer of infrastructure and application programming interfaces for stablecoin transactions
$58M
68/100
5th
Logo for BVNK
BVNK
2016, London (United Kingdom), Acquired
Online platform offering multiple crypto services
$93.2M
65/100
6th
Logo for dtcpay
dtcpay
2019, Singapore (Singapore), Series A
Provider of platform enabling multi-currency swaps and digital payment solutions
$51.5M
61/100
7th
Logo for CoinPayments
CoinPayments
2013, Vancouver (Canada), Series A
Payment gateway solutions for cryptocurrencies
$30.1M
60/100
8th
Logo for Flexa
Flexa
2018, New York City (United States), Series B
Provider of digital asset payment processing and merchant settlement tools
$14.1M
58/100
9th
Logo for ACINQ
ACINQ
2014, Paris (France), Series A
API-linked crypto payment acceptance solutions for businesses
$10M
57/100
10th
Logo for Conduit
Conduit
2021, Kalispell (United States), Series A
Provider of cross-border payment solution for businesses
$59M
57/100
15th
Logo for Pay3
Pay3
2021, San Francisco (United States), Seed
Platform providing instant payment solutions for enterprises leveraging fiat rails & digital currency networks
$583K
52/100
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Pay3's Latest cap tables and shareholding

Founders own 0.01%, Funds own 8.16% and Parent Entities (largest shareholder) own 91.84%. The net worth of Pay3's founders is INR 54K as of Oct 31, 2022. The cap table displayed below is for MINASA TECHNOLOGIES INDIA PRIVATE LIMITED which is the legal entity associated with Pay3.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
0.01%
54K
0
0
0
0
0
0
0
0
0
0
Fund
8.16%
4.8Cr
9668901
5420654
7623835
6978509
963
176
908
177
707
793
27
67
44
43
49
59
Parent Entity
91.84%
54Cr
4845122
2710615
4660395
2716062
Total
100.00%
58.8Cr
6811906
8172590
8910766
2193789
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Pay3's Investments and acquisitions

Pay3 has made no investments or acquisitions yet.

Reports related to Pay3

Here is the latest report on Pay3's sector:

News related to Pay3

Media has covered Pay3 for 1 event in last 1 year, It was about company updates.
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