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Payfone

Payfone

A company offering mobile digital identity solutions for businesses.

Payfone is a company offering mobile digital identity solutions for businesses that is headquartered in New York City, New York and was founded in 2008 by Mike Brody and Rodger Desai.

Funding
Seed

On May 1, 2008 Payfone announced raising an undisclosed amount of seed funding from RRE Ventures.

Series A

On June 12, 2008 Payfone announced raising $1.6 million in series A funding from undisclosed investors.

Series B

On August 2, 2010 Payfone announced raising $11 million in series B funding from Opus Capital (lead investor), Relay Ventures, and RRE Ventures.

Series C

On April 13, 2011 Payfone announced raising $19 million in series C funding from American Express Ventures (lead investor), Verizon Ventures, Rogers Venture Partners, Relay Ventures, RRE Ventures, and Opus Capital. The company plans on using their series C funding to expand its operations in North America, EMEA, Latin America and Asia.

Series D

On October 18, 2013 Payfone announced raising $10 million in series D funding from Early Warning Services.

Debt Financing

On October 16, 2015 Payfone announced raising $5.5 million in debt financing from Relay Ventures.

Series E

On January 5, 2017 Payfone announced raising $23.5 million in series E funding from BlueCross BlueShield Venture Partners (lead investor), Andrew Prozes, Verizon Ventures, Transaction Network Services (TNS), Rogers Ventures Partners, Relay Ventures, RRE Ventures, Opus Capital, Early Warning Services, and Strauss Zelnick.

Series F

On February 13, 2018 Payfone announced raising $23 million in series F funding from Institutional Investor (lead investor), Synchrony Ventures, MassMutual Ventures, Jonathan Weiner, Anil D. Aggarwal, and Andrew Prozes. The company plans on using their series F funding to improve its cybersecurity and user experience in retail, insurance, and healthcare sectors.

Series G

On April 17, 2019 Payfone announced raising $24 million in series G funding from TansUnion (lead investor), Wellington Management, Synchrony Financial, and MassMutual Ventures.

Timeline

January 2017
Payfone raises a $23,500,000 series E round from American Express Ventures, Andrew Prozes, BlueCross BlueShield Venture Partners, Early Warning Services, Maclab Development Group, Opus Capital, RRE Ventures, Relay Ventures, Rogers Venture Partners, Strauss Zelnick, Transaction Network Services and Verizon Ventures.
October 18, 2013
Payfone raises a $10,000,000 series D round from Early Warning Services.
August 2, 2010
Payfone raises a $11,000,000 series B round from Opus Capital, RRE Ventures and Relay Ventures.

Funding Rounds

Patents

Further Resources

Title
Author
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News

Title
Author
Date
Publisher
Description
Ingrid Lunden
June 18, 2020
TechCrunch
As an increasing number of daily and essential services move to digital platforms -- a trend that's had a massive fillip in the last few months -- having efficient but effective ways to verify that people are who they say they are online is becoming ever more important. Now, a startup called Payfone, which has [...]
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