Tech Company Financing Transactions

Payitoff Funding Round

Lightspeed Venture Partners, Social Leverage and Sound Ventures participated in a $8.5 million Seed capital raise for Payitoff. This venture round closed on 11/15/2021.

Transaction Overview

Company Name
Announced On
11/15/2021
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Seed
Investors

Lightspeed Venture Partners (Lead Investor) (Justin Overdorff)

Social Leverage

Sound Ventures (Ashton Kutcher)

Struck Capital

Proceeds Purpose
This new capital will help the company to meet the growing demand from financial services providers as they prepare for the resumption of student loan payments on February 1, 2022.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
137 W 25th St. 11th floor
New York, NY 10001
USA
Phone
Undisclosed
Email Address
Overview
Payitoff is a debt infrastructure company based in NYC and LA offering a host of services that help fintechs, workplace providers and financial institutions save the average customer $240 / month on their student loans.
Profile
Payitoff LinkedIn Company Profile
Social Media
Payitoff Company Twitter Account
Company News
Payitoff News
Facebook
Payitoff on Facebook
YouTube
Payitoff on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Bobby Matson
  Bobby Matson LinkedIn Profile  Bobby Matson Twitter Account  Bobby Matson News  Bobby Matson on Facebook
Chief Technical Officer
Desmond Bowe
  Desmond Bowe LinkedIn Profile  Desmond Bowe Twitter Account  Desmond Bowe News  Desmond Bowe on Facebook
VP - Product Management
Steph Reiley
  Steph Reiley LinkedIn Profile  Steph Reiley Twitter Account  Steph Reiley News  Steph Reiley on Facebook
VP - Sales
John Grogan
  John Grogan LinkedIn Profile  John Grogan Twitter Account  John Grogan News  John Grogan on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/15/2021: Framework Education venture capital transaction
Next: 11/15/2021: Lendtable venture capital transaction

 

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About Database of VC Transactions

We do our best to document all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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