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Overview
Perpay provides a platform for interest-free installment shopping. Users receive a spending limit based on a few questions and pay for their purchases through automatic deductions taken directly from their paychecks. Unlike many competitors that rely on traditional credit checks or high-interest loans, Perpay uses payroll integration to simplify the repayment process. The company's goal is to make significant retail purchases more accessible and affordable for people who want to avoid debt.
About Perpay
Industries
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
$2.5M
Headquarters
Philadelphia, Pennsylvania
Founded
2016
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Simplify's Take
What believers are saying
- July 2026 careers page advertises Super Day hiring across analyst and engineering roles.
- Perpay's July 2026 website still markets marketplace, Perpay+ reporting, and credit card growth.
- Marqeta's March 2026 update signals continued investment in Perpay's card infrastructure.
What critics are saying
- Wilson v. Perpay, filed August 2025, exposes costly TCPA class-action discovery and settlement risk.
- Employer-payroll dependence breaks when customers change jobs, freeze deposits, or reduce direct deposit.
- Celtic Bank and Marqeta concentration makes card economics fragile; issuer or network changes can cripple growth.
What makes Perpay unique
- Perpay links repayments to payroll direct deposit, reducing delinquency versus card-only BNPL.
- Marqeta powers the Perpay Credit Card, issued by Celtic Bank, scaling unsecured credit.
- September 2025 B Corp certification differentiates Perpay among credit-building fintechs.
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Funding
Total Funding
$2.5M
Below
Industry Average
Funded Over
2 Rounds
Benefits
Competitive salary + company equity
401k with company match
Medical / Dental / Vision insurance
Pre-tax Public Transportation benefit
Relocation assistance
Student loan company match
Gym subsidy with City Fitness
Cell phone plan
Paid parental leave
Unlimited PTO
Optional work from home (WFH) up to 4 weeks per year
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -3%2 year growth
↑ 4%Perpay selects Marqeta to power consumer credit card.
Perpay is Hiring for 12 Jobs on Simplify!
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About Perpay
Industries
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
$2.5M
Headquarters
Philadelphia, Pennsylvania
Founded
2016
Perpay is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today