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
Funding rounds
People
Adam Elboim
Employee
Alan Switzer
Employee
Alex Baker
Investor
Alexander Vartanian
Employee
Amy Masters
Employee
Bill Sinclair
Employee
Bob Borchers
Board member
Brian Kelly
Employee
Chirag Kathrani
Employee
Chris Dury
Advisor
Dimitri Fischler
Employee
Eyal Barnea
Employee
James D Robinson
Investor
Jason Zan
Investor
Jeff Naujok
Employee
Kelley Boland
Employee
Kevin Talbot
Board member
Kristin McClement
Employee
Magnolia Mutuc
Employee
Marc Ferrentino
Advisor
Matthew Tucker
Investor
Melissa Lockhart, PHR
Employee
Mike Lee
Investor
Naima Jinnah
Employee
Nicholas Sawlidi
Employee
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