Raised to Date: Raised: $40,050
Aggregate Commitments $
Rolling Commitments $
That’s where Paygevity is here to save the payment day and even out the David-Goliath situation. Paygevity is a B2B financial technology company that pays small businesses within ten days of the service being provided. The big corporations then pay Paygevity, so if there’s a long wait, the small business doesn’t become impacted - but everyone can still get paid. In return, Paygevity takes a small nominal processing fee from the overall invoice. Voila! Everyone benefits.
Paygevity has partnered with Salesforce to develop their technology platform for doing all of this. Called “PromptPay” (of which Paygevity owns 100% of the IP), this platform is protected by Salesforce security. All of the Supplier Account Payable data that companies provide to Paygevity is stored on Salesforces’s cloud infrastructure, meaning that data is safe, secure, and encrypted in the Salesforce cloud. It’s a win-win for all parties involved.
And Paygevity has already hit the ground running -- they have a beta pilot program running with a Fortune 500 consumer goods corporation; they’ve been asked to onboard sizeable account payable programs for two large corporate clients; and they raised $1 million in their Convertible Note round. Plus, there’s no shortage of clients or need for their service, as every Fortune 1000 corporations falls in Paygevity’s targeted market. Add in the fact that the few competitors that exist are mostly foreign based, and suddenly it makes sense why Paygevity might be achieving some serious longevity pretty soon.
After all, a financial solution and secure platform that helps both small companies and large corporations sounds like a grand slam. Investing in Paygevity means investing in the future of America’s supply chain community - something we all need to be running as smoothly as possible for everyone.
“Who Should Be Interested in this Offering”
Are you a small business owner? Do you work at a large corporation? If yes, Paygevity could be what you need. It helps small businesses stay current with their expenses without posting collateral, while helping large corporations extend their Days Payable Outstanding. Mix in the fact that it has the ability scale quickly, and Paygevity might just be the longevity investment you’ve been waiting for.
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