Payitoff Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 19

Employees

  • Latest Deal Type
  • M&A

Payitoff General Information

Description

Operator of a student loan repayment platform intended to help any financial institution address student loans within their financial services product. The company's platform evaluates student loans to develop an optimal repayment schedule and forecast potential savings opportunities, enabling users to run projections for every repayment strategy, including income-driven options.

Contact Information

Website
www.payitoff.io
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 27 East 28th Street
  • New York, NY 10016-7810
  • United States
Primary Industry
Financial Software
Acquirer
Array (Boca Raton)
Vertical(s)
FinTech
Corporate Office
  • 27 East 28th Street
  • New York, NY 10016-7810
  • United States

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Payitoff Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Merger/Acquisition 28-Oct-2024 Completed Generating Revenue
8. Accelerator/Incubator 20-Jun-2024 Completed Generating Revenue
7. Later Stage VC 01-Jun-2024 Completed Generating Revenue
6. Accelerator/Incubator Completed Generating Revenue
5. Seed Round 10-Nov-2021 Completed Generating Revenue
4. Grant 04-Mar-2020 Completed Generating Revenue
3. Accelerator/Incubator 18-Dec-2019 Completed Generating Revenue
2. Seed Round 31-Oct-2019 $800K $825K Completed Generating Revenue
1. Angel (individual) 01-Jul-2019 $25K $25K Completed Generating Revenue
To view Payitoff’s complete valuation and funding history, request access »

Payitoff Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Seed-1
Seed
To view Payitoff’s complete cap table history, request access »

Payitoff Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a student loan repayment platform intended to help any financial institution address student loans within th
Financial Software
New York, NY
19 As of 2024

Foothill Ranch, CA
 

Farmington, UT
 
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Payitoff Competitors (3)

One of Payitoff’s 3 competitors is Nortridge Software, a Formerly PE-Backed company based in Foothill Ranch, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nortridge Software Formerly PE-Backed Foothill Ranch, CA
LoanPro Software Private Equity-Backed Farmington, UT
TurnKey Lender Venture Capital-Backed Austin, TX
You’re viewing 3 of 3 competitors. Get the full list »

Payitoff Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Payitoff Former Investors (23)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
Bank Innovation Corporation
Angel (individual) Minority
Angel (individual) Minority
You’re viewing 5 of 23 investors. Get the full list »

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Payitoff FAQs

  • When was Payitoff founded?

    Payitoff was founded in 2017.

  • Where is Payitoff headquartered?

    Payitoff is headquartered in New York, NY.

  • What is the size of Payitoff?

    Payitoff has 19 total employees.

  • What industry is Payitoff in?

    Payitoff’s primary industry is Financial Software.

  • Is Payitoff a private or public company?

    Payitoff is a Private company.

  • What is Payitoff’s current revenue?

    The current revenue for Payitoff is .

  • How much funding has Payitoff raised over time?

    Payitoff has raised $9.3M.

  • Who are Payitoff’s investors?

    , , Bank Innovation, , and are 5 of 23 investors who have invested in Payitoff.

  • Who are Payitoff’s competitors?

    Nortridge Software, LoanPro Software, and TurnKey Lender are competitors of Payitoff.

  • When was Payitoff acquired?

    Payitoff was acquired on 28-Oct-2024.

  • Who acquired Payitoff?

    Payitoff was acquired by Array (Boca Raton).

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