Gynger

Gynger

AI-powered payments and financing platform

About Gynger

Simplify's Rating
Why Gynger is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

AI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$141.7M

Headquarters

New York City, New York

Founded

2021

Overview

Gynger.io operates as an AI-powered payments platform that provides embedded financing specifically for technology buyers and sellers. The platform facilitates payments and financing for technology expenses, helping businesses manage their tech spending more effectively. Clients, ranging from startups to established companies, can apply for credit, which, if approved, is accessible the next business day. This credit allows them to pay for technology expenses upfront, with repayment structured over a custom payment plan. Gynger.io simplifies the procurement process by enabling clients to manage all their tech expenses from a single dashboard. Unlike many competitors, Gynger.io offers unsecured financing, meaning clients do not need to provide collateral or personal guarantees. The company's goal is to streamline tech procurement, save money, and improve cash flow for businesses.

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with GMI Cloud attracts AI-focused businesses to Gynger's platform.
  • Significant investment from PayPal Ventures indicates strong market confidence in Gynger.
  • Rising demand for customizable financial solutions aligns with Gynger's offerings.

What critics are saying

  • Increased competition in 'buy now, pay later' solutions may erode market share.
  • Reliance on unsecured financing exposes Gynger to higher default risks.
  • Potential regulatory changes in fintech could impact Gynger's operations.

What makes Gynger unique

  • Gynger offers AI-powered payment solutions specifically for technology purchases.
  • The platform provides unsecured financing, eliminating the need for collateral.
  • Gynger allows next-day credit access, enhancing cash flow management for businesses.

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Funding

Total Funding

$141.7M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Hybrid Work Options

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 8%
WV News
Dec 4th, 2024
GMI Cloud and Gynger Announce Partnership to Provide Flexible Payment Solutions For Businesses

SAN JOSE, Calif., Dec. 4, 2024 /PRNewswire/ - Gynger, the leading flexible payments provider for B2B tech sales, has partnered with GMI Cloud, a leading AI-native GPU cloud provider, to connect AI builders to the latest in neo cloud solutions.

PYMNTS
Jul 8th, 2024
Embedded Lending Puts Smbs At Center Of Financial Services Landscape

The growing importance of seamless, customer-centric financial solutions has transformed today’s digital economy. And innovations like embedded lending have revolutionized the financial services ecosystem by increasingly placing small and medium-sized businesses (SMBs) at the center of this transformative shift. In the new, emerging financial services landscape, SMBs are now wielding unprecedented influence over the development and delivery of financial products — making the digital commerce landscape more deterministic rather than reactive. Instead of choosing to accept certain forms of payment due to a fear of missing out (FOMO) on customer business, or playing catch-up to their larger peers and competitors, SMBs are now finding themselves able to design each step of the commerce experience to deliver the outcome they ultimately desire

IBS Intelligence
Jun 24th, 2024
Gynger secures $20m in Series A and $100m in debt facility from PayPal Ventures

Gynger, the embedded financing platform for technology purchases, has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

Digital Market Reports
Jun 21st, 2024
PayPal Ventures leads a $20M investment in Gynger, facilitating 'buy now, pay later' options for tech purchases.

New York - Gynger, a platform specializing in providing capital to companies for technology purchases, has secured $20 million in a Series A funding round led by PayPal Ventures, as exclusively disclosed to TechCrunch.

N24
Jun 20th, 2024
PayPal Ventures Leads $20M Investment in Gynger

In addition to the equity raise, Gynger has secured a $25 million debt facility from Community Investment Management (CIM).

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Gynger is Hiring for 4 Jobs on Simplify!

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