Pay By Group's service is available to consumers through its website (www.PayByGroup.com) as well as through the Pay By Group checkout button on e-commerce websites that offer the service (www.PayByGroup.com/business).
How it works:
The organizer of the group decides the minimum number of people that must pay in order for a group event to happen, and when that minimum have paid in, everyone's credit cards are charged and the funds are collected.
If the minimum number of people don't pay in, no one is charged a single penny!
How it works:
The organizer of the group decides the minimum number of people that must pay in order for a group event to happen, and when that minimum have paid in, everyone's credit cards are charged and the funds are collected.
If the minimum number of people don't pay in, no one is charged a single penny!
Location: United States, California, San Francisco
Employees: 11-50
Total raised: $3.4M
Founded date: 2012
Investors 4
| Date | Name | Website |
| - | 500 Startu... | 500.co |
| - | Hard Yaka | hardyaka.c... |
| - | Commerce.I... | commercein... |
| - | Amino Capi... | aminocapit... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 18.10.2016 | Seed | $3.4M | - |
Mentions in press and media 10
| Date | Title | Description |
| 29.01.2018 | Term Sheet — Monday, January 29 | ICYMI Good morning, Term Sheet readers. Here’s a rundown of what’s going on today and what you may have missed over the weekend. Paid Content You can't secure what you can't see From ExtraHop IN MEMORIAM: Ingvar Kamprad, the 91-year-old Swe... |
| 27.01.2018 | Pay By Group Receives Investment from Czar Ventures | Pay By Group, a San Francisco and Guadalajara, Mexico-based group payments solution provider, received a follow-on investment from Czar Ventures and other investors*. The amount and terms of the investment were not disclosed. Founded in 201... |
| 18.10.2016 | Pay By Group Raises $3.4M in Seed Funding | Pay By Group, a San Francisco and Guadalajara, Mexico-based provider of a tool that allows friends or family to collaborate and split the cost of any purchase, raised $3.4m in seed funding. The round was led by SparkLabs Global Ventures wit... |
| 12.06.2014 | Balanced Adds Push-To-Card Payment Option For Marketplaces | Payments startup Balanced is looking for ways in which its marketplace customers can more quickly exchange funds between those who are purchasing goods or services on their platforms to those who provide them. The latest option to be added ... |
| 18.09.2013 | Growing Payment-Splitting Platform PayByGroup Expands Internationally | PayByGroup, a 500 Startups-backed payments platform that lets friends split the cost of purchase on bigger items like vacation rentals, parties, trips, sports tickets and more, is now making its service available internationally. The San Fr... |
| 08.11.2012 | PayByGroup’s new feature takes the hassle out of group ticket buying | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Nobody wants to attend a concert or a sporting ev... |
| 25.09.2012 | No More Awkward “You Owe Me Money” Reminders: PayByGroup Lets Friends Split Group Purchases | Following its participation in 500 Startups’ fall batch, a company called PayByGroup is now launching a beta version of its new service which, as the name implies, makes it easier for friends to split the payment on group purchases. This in... |
| 31.10.2011 | 500 Startups Unveils Latest Class Of 34 Startups | Today the Silicon Valley based accelerator 500 Startups lead by Dave McClure and Paul Singh has unveiled its latest set of startups which includes 34 companies from across the United States, which is the largest batch size to date. The late... |
| 31.10.2011 | The new 500 Startups class is the most international yet, and they’re zombies! | 500 Startups, the accelerator founded by angel investor Dave McClure, today announced its new class of 34 companies, Batch 002, its largest, and most international cohort to date. The group includes eight female founders, and 15 of the comp... |
| 31.10.2011 | 500 Startups Peels Back The Curtain On Its Third And Largest Batch Yet | It’s Halloween, so it’s the perfect day to unveil the newest group of 500 Startups’ “little monsters”. Yes, this is the name that founder Dave McClure and his partner in crime Christine Tsai give to all the rock star entrepreneurs that grac... |