Where is PayWay located?

PayWay is headquartered in Ethiopia.

How many employees does PayWay have?

As of Sep 30, 2026, the latest employee count at PayWay is 7.

Is PayWay a funded company?

PayWay is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on May 02, 2021.

When was the latest funding round of PayWay?

PayWay's latest funding was a $***** Grant (prize money) round on May 02, 2021, with participation from 0 investor.

Where does PayWay rank among its competitors?

PayWay ranks 45th amongst 230 active competitors, of which 9 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Tapi, which secured $27M in Feb, 2026.

Who are the top competitors of PayWay?

PayWay's top competitors include MoMo, Paymentus and Pice. Among them, Tapi secured the most recent funding round in February, 2026.

PayWay - 2026 Company Profile, Funding & Competitors

PayWay is a funded company based in Ethiopia. It operates as an Online bill payments platform for businesses. PayWay has raised an undisclosed amount in funding. The company has 230 active competitors, including 9 funded and 18 that have exited. Its top competitors include companies like MoMo, Paymentus and Pice.

Company Details

Online bill payments platform for businesses. It provides payment options for businesses and consumers with instant receipts and payment confirmation from mobile POS devices. It offers a mobile point of service devices used to collect payments and produce receipts.

Website: payway.et
Social

Key Metrics

Location

Ethiopia

Stage

Funding Raised

Latest Funding Round

Grant (prize money), May 02, 2021, $*****

Investors

iceaddis

Ranked

45^th among 230 active competitors

Employee Count

7 as on Sep 30, 2026

Similar Companies

MoMo & 278 more

View PayWay's full profile

PayWay has raised funding over 1 round. PayWay has 1 institutional investor.

Here is the list of recent funding rounds of PayWay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 02, 2021	8266404	Grant (prize money)	8655168	1740901	2887815	3387027

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View details of PayWay's funding rounds and investors

PayWay's employee count trend

PayWay has 7 employees as of Sep 26. Here is PayWay's employee count trend over the years:

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Top competitors of PayWay include MoMo, Paymentus and Pice. Here is the list of Top 10 competitors of PayWay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MoMo 2007, Ho Chi Minh City (Vietnam), Series E	Provider of a platform for financial services, payments, and money transfers	$434M	Warburg Pincus, Goldman Sachs Investment Partners ... & 12 others	76/100
2nd	Paymentus 2004, Atlanta (United States), Public	Provider of a platform for intelligent billing and payment solutions	$23.6M	Accel-KKR, HTIF & 2 others	73/100
3rd	Pice 2021, Bengaluru (India), Seed	Bill payment platform for businesses	$8.3M	Nexus Venture Partners, Paramark Ventures ... & 11 others	64/100
4th	Barzahlen 2011, Berlin (Germany), Acquired	Network of retail partners enabling cash deposits and withdrawals via barcode	-	Alstin Capital, Berlin Technologie Holding ... & 7 others	58/100
5th	BharatNXT 2018, Mumbai (India), Seed	Provider of B2B compliant payment solutions	$3.43M	Singularity AMC, Inflection Point Ventures ... & 77 others	58/100
6th	Tapi 2022, Buenos Aires (Argentina), Series B	Provider of a unified application programming interface for payment processing	$60M	Kaszek, Andreessen Horowitz & 7 others	57/100
7th	Payzone UK 1980, Northwich (United Kingdom), Acquired	Network of stores providing bill payment and card acceptance services	-	Melior Equity Partners, Cardinal Capital Group ... & 2 others	54/100
8th	maviance 2008, Leipzig (Germany), Seed	Developer of software for digital payments and utility meter reading	$3M	MFS Africa, Finafrik & 2 others	53/100
9th	Transactis 2001, New York City (United States), Acquired	White label for bill payments	$61.7M	Safeguard Scientifics, Capital One Ventures ... & 13 others	53/100
10th	Vindi 2013, Sao Paulo (Brazil), Acquired	Subscription Billing solutions	$7.49M	Criatec 2, Confrapar & 2 others	50/100
45th	PayWay Ethiopia, Funding Raised	Online bill payments platform for businesses	-	iceaddis	27/100