Tech Company Financing Transactions
Mayfair Funding Round
On 1/13/2023, Mayfair received $4 million in Seed investment from Amity Ventures, BoxGroup and Tiger Global Management.
Transaction Overview
Company Name
Announced On
1/13/2023
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Proceeds Purpose
Mayfair emerges from stealth to offer businesses a higher yield on their cash.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
San Francisco, CA Undisclosed
94114
San Francisco, CA Undisclosed
94114
Phone
Website
Email Address
Overview
Mayfair partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC.The cash account is not a deposit account, and Mayfair is not a bank. The cash balance in the Mayfair cash account is automatically eligible for pass-through FDIC insurance. For more information on FDIC insurance coverage, please visit www.FDIC.gov.* The Annual Percentage Yield (APY) for the Mayfair cash account may change at any time, before or after the cash account is opened. Currently, you can earn 4.02% APY. Rates will vary based upon prevailing economic and business conditions. Furthermore, Mayfair may receive a fee from Stripe, and the amount of the fee, if any, may affect the rate paid on the cash accounts.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Chan
Chief Operating Officer
Munish Chopra
Chief Technical Officer
Kevin Chan
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Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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