How Much Did Paperlesspay Raise?
Funding & Key Investors

Paperlesspay has secured significant capital, with its total funding reaching $490K following a recent major strategic investment of $340K. This substantial backing underscores the company's established position in the market and its trajectory within the large-scale late-stage funding environment.

What is Paperlesspay?

Paperlesspay
SoftwareHuman Resources Software

Paperlesspay Corporation specializes in providing a secure and comprehensive online pay advice portal known as my-eStub.com. The platform is engineered with robust security measures, including HTTPS routing through Port 443 and full data encryption until it reaches the user's browser. Payroll files are uploaded to secure servers protected by internal firewalls and a proprietary encryption algorithm. The company's infrastructure is housed in a Tier 4 data center in Jacksonville, Florida, featuring advanced physical security and constant surveillance. Paperlesspay is committed to continuously evaluating and implementing the latest industry techniques to safeguard sensitive employee data.

How much funding has Paperlesspay raised?

Paperlesspay has raised a total of $490K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$340K

Debt (2020): $150K with participation from PPP

Debt (2021): $340K led by PPP

Key Investors in Paperlesspay

PPP

Public-Private Partnership

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Paperlesspay?

The recent large-scale late-stage funding indicates Paperlesspay is poised for significant expansion and further enhancement of its secure pay advice services. This strategic investment will likely fuel advancements in cybersecurity protocols, broaden market reach, and potentially introduce new features to its my-eStub.com platform. The company's focus on security and compliance positions it well for continued growth in the digital payroll solutions sector.

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Frequently Asked Questions Regarding Paperlesspay Financial Insights

What are the most recent funding rounds that Paperlesspay has completed, and what were the funding rounds?
Paperlesspay has recently completed 2 funding rounds: Debt on Feb 11, 2021, Debt on Apr 8, 2020.
What is the total amount of funding Paperlesspay has raised to date?
Paperlesspay has raised a total of $490K in funding to date.
How many funding rounds has Paperlesspay completed?
Paperlesspay has completed 2 funding rounds.
How much funding did Paperlesspay raise in its most recent funding round?
Paperlesspay raised $340K in its most recent funding round.
Who are the lead investors in Paperlesspay's latest funding round?
The lead investor in Paperlesspay's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Paperlesspay's history?
The largest funding round in Paperlesspay's history was $340K.
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