PayKey

Mobile Finance Solutions

Fintech & Insurtech
Active
Mature Ra'anana Founded 2014
Total raised
$16.4M
Last: Series B 2017-10
Stage
Mature
Founded
2014
Headcount
22
HQ
Ra'anana
Sector
Fintech & Insurtech

About

PayKey is a financial technology company that provides payment solutions to financial institutions and their customers. One of the company's latest products is Salary on Demand, which allows employees to access their earned wages before their scheduled payday.

With Salary on Demand, employees can easily request a portion of their earned wages through a mobile app, which is then deposited directly into their bank account. This allows employees to have greater control over their finances and manage unexpected expenses or emergencies without resorting to high-interest loans or credit cards.

PayKey's Salary on Demand solution also benefits employers by providing a way to attract and retain top talent, increase employee satisfaction, and reduce financial stress among their workforce. The solution integrates with existing payroll systems, making it easy for employers to implement without disrupting their current processes.

Funding history · 3 rounds · $16.4M total

2017-10
Series B $10.0M
2016-11
Series A $6.0M
2015-01
Seed $400K

Sectors & technology

Primary sector
Fintech & Insurtech
Sub-sectors
Business SoftwareOperations SolutionsHuman Resources ManagementFintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesAPI
Target customers
Enterprise & Professional Services
Business model
B2B2C

Highlights

1 PatentsVerified

Tags

mobile-applicationsfintechsocial-networksbanksmobile-paymentspaymentscustomer-experiencetransactionsconsumersp2p