Total raised
$1.0M
Last: Seed 2015-11
Stage
Acquired
Founded
2014
Headcount
90
HQ
Rishon LeTsiyon
Sector
Fintech & Insurtech
About
PayBox Payment Solutionsenables groups and individuals to collect and transfer funds and make purchases immediately and safely using their mobile device. The technology enables direct peer-to-peer interaction without an intermediary. The company'sPayBox as a Marketplace feature lets merchants offer relevant goods and services to groups of users by using advanced machine-learning algorithms to optimize matching and conversion rates. In 2017, Discount Bank purchased an operating license for the PayBox social payment platform. Paybox as a business entity was shut down in July 2020.
Funding history · 1 round · $1.0M total
2015-11
Seed
$1.0M
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesMobileWeb
Target customers
Consumers
Business model
B2CB2B2C
Highlights
Verified
Tags
p2pmobile-applicationsmobile-paymentsfintechsocial-commercepaymentsdigital-wallet