Work Here?
About Gynger
Industries
Fintech
AI & Machine Learning
Company Size
11-50
Company Stage
Debt Financing
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's Take
What believers are saying
- Gynger secured $20 million in Series A funding, led by PayPal Ventures.
- The $100 million debt facility strengthens Gynger's financial position for expansion.
- Partnership with GMI Cloud enhances Gynger's competitive edge in tech procurement.
What critics are saying
- Increased competition in 'buy now, pay later' solutions may affect Gynger's market share.
- Reliance on unsecured financing poses risks if clients default on payments.
- Economic downturns could reduce technology spending, impacting Gynger's revenue.
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, streamlining tech procurement for businesses.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$141.7M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Hybrid Work Options
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 8%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.
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
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.
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.
In addition to the equity raise, Gynger has secured a $25 million debt facility from Community Investment Management (CIM).
Gynger is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Gynger
Industries
Fintech
AI & Machine Learning
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$141.7M
Headquarters
New York City, New York
Founded
2021
Gynger is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today