Companies · Fintech

Pay-i Inc

REDMOND · Fintech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Pay-i Inc — recommendation, valuation, rhythm, risks.
$3.3M
Total raised · real
2
Rounds
17.7×
Latest step-up
Top 21%
Sector rank · raised
Seed
Latest stage · inferred · Fri Mar 22 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Pay-i Inc looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.82× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
  • Within the normal band (82% of peer median) for its niche.
At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Pay-i Inc is one of 1063 Fintech companies tracked from REDMOND. By capital raised it ranks in the upper tier (ahead of 80% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
4
Investors (latest)
2023
Year incorporated
2024-03-22
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2023-11-08 Raised $175K (real) Modeled valuation $1.2M (est)$175K$1.2MPre-Seed2023Seed · 2024-03-22 Raised $3.1M (real) Modeled valuation $18M (est)$3.1M$18MSeed2024+$3.1MCumulative $3.3M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$175K · 2023
Seed$3.1M · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$17.9M
Base estimate est.
$2.7M
Conservative case
$51.4M
Upside case
$15.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.2M · 2023-11-082023Seed · modeled $17.9M · 2024-03-222024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 60% high
1.62×/yr
Annual markup
2.13×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$8.9M/yr
Capital velocity
2.6 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.8× of median
This company$3.3M
Sector median$4.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$3.1M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$17.9M
Sector median$45.0M

Raised more than 80% of sector peers (real $). Modeled value above 77% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #32 of 53.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Floatpays Inc · Seed Raised $4.0M · modeled $65.7M (est)Sote, Inc. · Seed Raised $11.3M · modeled $65.5M (est)Earnipay · Seed Raised $4.0M · modeled $63.7M (est)Pink Swan Trading, Inc. · Seed Raised $3.3M · modeled $55.7M (est)Tweed Payments Inc. · Seed Raised $4.0M · modeled $53.7M (est)Coverage Cat Inc. · Seed Raised $4.0M · modeled $52.7M (est)Remedial Health · Seed Raised $4.4M · modeled $52.7M (est)Duplo · Seed Raised $4.3M · modeled $52.6M (est)Flash · Seed Raised $6.0M · modeled $48.3M (est)Mobie Payments, Inc. · Seed Raised $3.0M · modeled $47.0M (est)BluePenguin Payments Inc. · Seed Raised $3.2M · modeled $45.5M (est)ImaliPay · Seed Raised $3.0M · modeled $44.6M (est)Pay-i Inc (this company) Raised $3.3M · modeled $17.9M (est)Pay-i Inc
CompanyStageRaised · realValue · estvs peer med.
Floatpays IncSeed$4.0M$65.7M2.99×
Sote, Inc.Seed$11.3M$65.5M2.98×
EarnipaySeed$4.0M$63.7M2.90×
Pink Swan Trading, Inc.Seed$3.3M$55.7M2.53×
Tweed Payments Inc.Seed$4.0M$53.7M2.44×
Coverage Cat Inc.Seed$4.0M$52.7M2.40×
Remedial HealthSeed$4.4M$52.7M2.40×
DuploSeed$4.3M$52.6M2.39×
FlashSeed$6.0M$48.3M2.19×
Mobie Payments, Inc.Seed$3.0M$47.0M2.14×
BluePenguin Payments Inc.Seed$3.2M$45.5M2.07×
ImaliPaySeed$3.0M$44.6M2.03×
Pay-i Inc this companySeed$3.3M$17.9M0.82×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$175K2023-11-08$972K$1.2M90%
Seed$3.1M2024-03-22$15.5M$17.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$175K2023-11-08
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$3.1M2024-03-22
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 17.7× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~4mo cadence
$9.3M
Modeled next size est.range $6.0M$14.9M
17.7×
Last step-up
$8.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David Tepper2023-11
Erik Winters2023-11
Registry & provenance

Pay-i Inc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1997203
SEC CIK
2023
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Future FinTech Group Inc.FintechSeed$3.2M$7.1Msame sector · same stage
Toku, Inc.FintechSeed$3.2M$29.1Msame sector · same stage
Orthogonal, Inc.FintechSeed$3.1M$35.2Msame sector · same stage
CauridorFintechSeed$3.5M$13.2Msame sector · same stage
MNZLFintechSeed$3.5M$18.9Msame sector · same stage
Healia, Inc.FintechSeed$3.5M$20.9Msame sector · same stage
Grey, Inc.FintechSeed$3.0M$24.6Msame sector · same stage
MunifyFintechSeed$3.0M$8.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Circuit Pay, Inc.FintechPre-Seed$730K90%
Paylo Pay LtdFintechSeed$9.7M90%
Castle Pay, Inc.FintechSeed$25.0M89%
Kappa Pay Inc.FintechSeries A$52.9M89%
Payment Reservations, Inc.FintechSeries A$143.4M88%
Daisy Pay IncFintechSeed$8.0M88%
Handle Financial, Inc.Other TechnologySeries C$605.7M88%
Appriza Pay LLCFintechSeries A$129.0M87%
Frequently asked
How much funding has Pay-i Inc raised?
Pay-i Inc has raised approximately $3.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pay-i Inc's estimated valuation?
Provath's modeled valuation for Pay-i Inc is approximately $17.9M (modeled range $2.7M–$51.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pay-i Inc at?
Pay-i Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Mar 22.
What does Pay-i Inc do and where is it based?
Pay-i Inc operates in the Fintech sector, based in REDMOND.
Explore related

See where Pay-i Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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