Tech Company Financing Transactions
Paerpay Funding Round
On 3/9/2022, Paerpay received $3 million in Seed funding from MassMutual Ventures, Chingona Ventures and Elevate Capital.
Transaction Overview
Company Name
Announced On
3/9/2022
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
MassMutual Ventures (Lead Investor) (Jason Allen)
Elevate Capital (Nitin Rai)
Proceeds Purpose
This new funding will enable Paerpay to build out its team to hire engineers, sales, and marketing staff. Additionally, the new capital will help support the company as it scales operations with plans to rapidly expand this year.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Paerpay, Inc. 8 Lancelot Rd Shrewsbury
Boston, MA 01545
USA
Boston, MA 01545
USA
Phone
Undisclosed
Website
Email Address
Overview
Paerpay provides restaurants with a contactless payment solution that does not require them to change their hardware or credit card processor. Also, their customers don't need to download an app. We make payments as simple as a text message.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Derek Canton
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We do our best to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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