SafetyPay - About the company
SafetyPay is an acquired company based in Miami Beach (United States), founded in 2006 by Manuel Montero and Barbara Bibas. It operates as an Online payment solution for making international purchases. SafetyPay has raised $32.8M in funding from IFC, with last known valuation of $*****. The company has 16 active competitors, including 3 that have exited. Its top competitors include companies like SmartClixx, Transpay and Green.Money.
Company Details
Online payment solution for making international purchases. It allows customers to make purchases from merchants worldwide and pay directly through their local bank account in their local currency without the need of credit card. Once a person has finalized the order on a merchant's website and selects SafetyPay as the preferred payment method, the page is redirected to the user's bank page where the payment is made directly through the bank.
- Website
- www.safetypay.com/en/
- Registered Address
- Aventura, Florida
Key Metrics
Founded Year
2006
Location
Miami Beach, United States
Stage
Acquired
Total Funding
$32.8M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Apr 14, 2022
Ranked
1st among 16 active competitors
Employee Count
48 as on Jul 31, 2026
Exit Details
Acquired by Paysafe (Aug 21, 2021)
Legal entities associated with SafetyPay
SafetyPay is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SAFTPAY, INC DBA SAFETY PAY CIN: 201405613 , United States, Active | Oct 28, 2003 | - | 6 (As on Dec 31, 2020) | - |
SafetyPay's acquisition details
Click here to take a look at SafetyPay's acquisition in detail
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SafetyPay's funding and investors
SafetyPay has raised a total funding of $32.8M over 4 rounds. Its first funding round was on Aug 07, 2008. SafetyPay has 3 institutional investors.
Here is the list of recent funding rounds of SafetyPay:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 15, 2015 | 3798899 | Series B | 4459634 | 9421747 | 1966168 | 9243217 |
Jul 15, 2013 | 7690965 | Series A | 8257507 | 9014795 | 7204187 | 3581389 |
Aug 06, 2009 | 3094173 | Convertible Debt | 1069951 | 3607972 | 6000483 | 7094444 |
View details of SafetyPay's funding rounds and investors
SafetyPay's founders and board of directors
Founder? Claim ProfileThe founders of SafetyPay are Manuel Montero and Barbara Bibas.
Here are the details of SafetyPay's key team members:
- Manuel Montero: Founder, CEO of SafetyPay.
- Barbara Bibas: Co Founder of SafetyPay.
View details of SafetyPay's Founder profiles and Board Members
SafetyPay's employee count trend
SafetyPay has 48 employees as of Jul 26. Here is SafetyPay's employee count trend over the years:
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SafetyPay's Competitors and alternates
Top competitors of SafetyPay include SmartClixx, Transpay and Green.Money. Here is the list of Top 10 competitors of SafetyPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SafetyPay 2006, Miami Beach (United States), Acquired | Online payment solution for making international purchases | $32.8M | 46/100 | |
2nd | SmartClixx 2001, Deerfield Beach (United States), Acquired | Direct debit payment solutions | - | - | 29/100 |
3rd | Transpay 1999, New York City (United States), Unfunded | Cross border mass payout service provider | - | - | 28/100 |
4th | Green.Money 2015, Cumming (United States), Unfunded | Provider of payment processing solutions for businesses | - | - | 28/100 |
5th | Piedmont Payment Services 2008, Columbus (United States), Unfunded | Direct debit payment solutions | - | - | 27/100 |
6th | Actum Processing 2011, Austin (United States), Unfunded | Secure, reliable ACH payment processing solutions for diverse industries | - | - | 26/100 |
7th | Affirmative Technologies 1998, Palm Harbor (United States), Funding Raised | ACH and Payments compliance and risk management solutions provider | - | 26/100 | |
8th | Secure Payment System 1996, San Diego (United States), Acquired | POS transaction processing and ACH check processing solutions for SMEs | - | - | 26/100 |
9th | CADON Capital 2012, Fort Worth (United States), Unfunded | Direct debit payment solutions | - | - | 23/100 |
10th | VeriCheck 1989, Atlanta (United States), Unfunded | ACH-based payment acceptance solutions | - | - | 23/100 |
Looking for more details on SafetyPay's competitors? Click here to see the top ones
SafetyPay's Investments and acquisitions
SafetyPay has made no investments or acquisitions yet.
Reports related to SafetyPay
Here is the latest report on SafetyPay's sector:
News related to SafetyPay
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Betcris Expands Gaming/Betting Payment Platform With SafetyPay PartnershipPYMNTS.com•Sep 30, 2021•Betcris, SafetyPay
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PaySafe pays SafetyPay $441m to buy it as Latin American fintech pays offVerdict•Aug 17, 2021•Paysafe, SafetyPay
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Digital Payments Fintech SafetyPay Adds PIX as Payment Method in BrazilCrowdfund Insider•May 20, 2021•SafetyPay
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SafetyPay to facilitate digital payment solutions for LATAM AirlinesElectronic Payments International•Jan 11, 2021•SafetyPay, LATAM Airlines
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SafetyPay partners Feedzai to protect customers from fraud with AIFinextra•Feb 05, 2020•Feedzai, SafetyPay
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