HitPay

HitPay

About HitPay

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

Industries

Fintech

Financial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$17.9M

Headquarters

Singapore, Singapore

Founded

2016

Overview

Company Does Not Provide H1B Sponsorship

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Tap to Pay on iOS expands HitPay's reach in major global markets.
  • Rising digital wallets in Southeast Asia boost HitPay's Tap to Pay potential.
  • E-commerce growth in Southeast Asia enhances HitPay's market for payment solutions.

What critics are saying

  • Competition from Apple Pay and Google Pay may limit HitPay's market share.
  • Regulatory challenges in the Philippines could impact the GCash partnership.
  • BNPL services with BillEase expose HitPay to potential credit risks.

What makes HitPay unique

  • HitPay offers mass payouts in Southeast Asia, enhancing payment flexibility for businesses.
  • Integration with Esker provides diverse payment methods across Asia, improving cash flow.
  • Partnerships with GCash and BillEase expand payment options for SMEs in the Philippines.

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Funding

Total Funding

$17.9M

Meets

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15.8M
HitPay
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
FF News
Jan 8th, 2024
HitPay Launches Tap to Pay on iOS in Australia, Canada, France, the UK, and the US

Secure Transactions with Tap to Pay As HitPay launches Tap to Pay on iOS, it is essential to ensure that users can trust the security and privacy of their transactions.

PYMNTS
Dec 11th, 2023
Hitpay Unveils Mass Payouts For Businesses In Southeast Asia

Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition, marketplace and platform-based businesses can manage mass payouts using HitPay’s Payout APIs, the release said

Finextra
Dec 11th, 2023
HitPay releases APIs for mass payouts

With the introduction of its Payout APIs, HitPay expands its end-to-end payment solutions that streamline online payments, point of sale (POS), and B2B payments.

Plato Blockchain
Dec 11th, 2023
HitPay Rolls Out Mass Payout Services in Singapore, Malaysia, and the Philippines - Fintech Singapore

HitPay, a provider of commerce infrastructure for businesses, has launched its mass payout services in Singapore, Malaysia, and the Philippines.

BayPay Forum
Oct 10th, 2023
HitPay, GCash to extend payment options for Philippine merchants

Singapore-based payment platform for small and medium-sized enterprises (SMEs) HitPay has partnered with Philippines-based super app GCash.

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