Paywallet LLC

Based in Florida, US, and founded in 2020, Paywallet LLC. a. k. a.

PayWallet is a developer and provider of a Software-as-a-Service (SaaS) platform, designed to enable financial transactions exclusively based on payroll information. In February 2022, the firm raised USD 5. 18 million in series A funding led by new investor Pasaca Capital, with participation from returning investors Arcadia Funds and PruVista Capital. As of March 2022, the company is being led by its CEO, DK Sharma.

Paywallet LLC is a payroll-linked SaaS platform that allows lenders and financial institutions to verify borrowers' employment and bank information and set up payroll-driven remittance instructions. The company offers easy-to-integrate APIs for FinTech companies and other clients, giving them access to borrowers' payroll data, which they can use to make credit decisions and repayment predictions, while borrowers who rely solely on their income source as proof of repayment ability will benefit from a quick and easy way to connect with lenders. Paywallet LLC. intends to use the February 2022 funding to expand its marketing and sales activities, develop new partnerships with other financial products and services companies, and bring scalable decentralized technology including web 3.

0 paradigms to the lending industry.