Paybby
About this raise
Paybby, with a pre-money valuation of $20 million, is raising funds on Title3Funds. The company has developed a banking app, Wicket, for the Black and Brown communities and to enable peer-to-peer lending. The banking app empowers people and communities with no hidden fees, no minimum balance, and a free bank account. Hassan Miah founded Paybby in August 2020. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $1,070,000, and the funds will be used to become the most trusted financial institution in the Black and Brown communities. Paybby aims to offer a variety of consumer loan advances and digital access to specialty federal transfer payments and healthcare payments.
Investment Overview
Invested : $100,638
Deal Terms
Total Commitments
- Platform
- Title3Funds
- Start Date
- 03/03/2021
- Close Date
- 03/18/2022
$100,000
$1,070,000
$147
Equity - Common
Pre-Seed
RegCF
$1.47
$20,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/18/2022 | Title3Funds | $20,000,000 | $100,638 | Equity - Common | Funded | RegCF |