When was PayGround founded?

PayGround was founded in 2010 and raised its 1st funding round 10 years after it was founded.

Where is PayGround located?

PayGround is headquartered in Gilbert, United States.

Who is the current CEO of PayGround?

Drew Mercer of PayGround. They have also founded 1 company.

How many employees does PayGround have?

As of Jan 31, 2026, the latest employee count at PayGround is 32.

Is PayGround a funded company?

PayGround is a funded company, having raised a total of $29.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 17, 2020.

When was the latest funding round of PayGround?

PayGround's latest funding was a $***** Series A round on May 26, 2023, with participation from 5 investors. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $940M in funding in 2026 to date.

Where does PayGround rank among its competitors?

PayGround ranks 5th amongst 195 active competitors, of which 36 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was PortX, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of PayGround?

PayGround's top competitors include AvidXchange, Billtrust and RapidClaims. Among them, PortX secured the most recent funding round in October, 2025.

PayGround - 2026 Company Profile, Team, Funding & Competitors

PayGround is a series A company based in Gilbert (United States), founded in 2010 by Drew Mercer and Jared Totolo. It operates as a Cloud-based invoice payments solutions to businesses. PayGround has raised $29.3M in funding from investors like SixThirty, Lewis & Clark Ventures and FCA Venture Partners. The company has 195 active competitors, including 36 funded and 23 that have exited. Its top competitors include companies like AvidXchange, Billtrust and RapidClaims.

Company Details

Coud-based invoice payment solutions to businesses. It facilitates payments via credit/debit cards, bank transfers, and wallets. It provides a dashboard to monitor transactions, invoices, and receipts. It offers accounts receivable solutions to organizations, pharmacies, hospitals, businesses, and more.

Website: home.payground.com
Social
Email ID: *****@payground.com
Phone Number: +1 **********

Key Metrics

Founded Year

2010

Location

Gilbert, United States

Stage

Series A

Total Funding

$29.3M in 4 rounds

Latest Funding Round

Series A, May 26, 2023, $*****

Investors

SixThirty & 8 more

Ranked

5^th among 195 active competitors

Employee Count

32 as on Jan 31, 2026

Similar Companies

AvidXchange & 795 more

View PayGround's full profile

PayGround has raised a total funding of $29.3M over 4 rounds. Its first funding round was on Mar 17, 2020. Its latest funding round was a Series A round on May 26, 2023 for $*****. 5 investors participated in its latest round. PayGround has 9 institutional investors.

Here is the list of recent funding rounds of PayGround:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 26, 2023	2255945	Series A	1371431	4974300	3417163	4961314
Jul 28, 2022	6902512	Series A	9215907	4633487	3580115	Triventures
Mar 02, 2021	4653494	Seed	4793347	9209050	Triventures	SixThirty

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View details of PayGround's funding rounds and investors

The founders of PayGround are Drew Mercer and Jared Totolo. Drew Mercer is the CEO of PayGround.

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

Drew Mercer: Co-Founder & CEO of PayGround.
Contact Info: 2 email addresses
Jared Totolo: Co-Founder of PayGround.

View details of PayGround's Founder profiles and Board Members

PayGround's employee count trend

PayGround has 32 employees as of Jan 26. Here is PayGround's employee count trend over the years:

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Top competitors of PayGround include AvidXchange, Billtrust and RapidClaims. Here is the list of Top 10 competitors of PayGround, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AvidXchange 2000, Charlotte (United States), Acquired	Accounts payable and payment automation solution for businesses	$1.18B	Sixth Street, Mastercard & 28 others	73/100
2nd	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Riverwood Capital, Stock Capital Banker & 7 others	72/100
3rd	RapidClaims 2023, Manhattan (United States), Series A	Provider of AI-powered platform for revenue cycle management and intelligence	$11.1M	Accel, Together & 11 others	66/100
4th	RoadSync 2015, Atlanta (United States), Series B	Accounts receivable solutions for businesses	$40M	Tiger Global Management, Base10 Partners ... & 13 others	66/100
5th	PayGround 2010, Gilbert (United States), Series A	Cloud-based invoice payments solutions to businesses	$29.3M	Rally Ventures, IA Capital Group & 7 others	60/100
6th	PayStand 2013, San Francisco (United States), Series C	Payment processing solutions for bitcoin, e-checks and credit cards	$85M	Cervin, NewView Capital & 22 others	60/100
7th	PortX 2016, Mercer Island (United States), Series C	Cloud-based transaction management platform for businesses	$26.6M	FUSE, Curql & 9 others	60/100
8th	Anomaly 2020, New York City (United States), Series B	AI-based healthcare billing and payment solution for employers and payers	$30.1M	RRE Ventures, Link Ventures & 4 others	60/100
9th	40Seas 2022, New York City (United States), Seed	Provider of AI-powered platform for automating receivables, collections, and payments	$17M	Team8, Eminence Ventures & 3 others	59/100
10th	PredictAP 2019, Newton (United States), Series A	AI-based back-office solutions for real estate funds & property managers	$26.2M	RET Ventures, Breton Capital Ventures & 1 others	59/100