Paygevity, Inc., a payment processing and vendor services company, announcex the launch of a Convertible Note crowdfunding campaign on Crowdfunder.
Paygevity will use the funds to scale their proprietary PromptPay platform, market their technology and build out their sales team. Its campaign has only been live on the Crowdfunder website for seven days, and has raised $250,000. During the first week, large investors have funded Paygevity’s campaign. The average investment has been in excess of $80,000.
In a business-to-business environment expensive financial inefficiencies have ruled supply chain payments for over a century. Slow paying corporate buyers put vendors in a difficult place — threatening both growth and opportunity.
Paygevity’s founders saw that it was time for a change. The company set out to develop a payment platform that empowers supply chain participants and fosters positive relationships between buyers and suppliers. PromptPay platform pays vendors quickly and at the lowest possible cost.
Neil Rothenberg, Founder & CEO of Paygevity, explained:
“The Paygevity PromptPay platform facilitates business-to-business commerce worldwide, offering enterprise payment solutions — across all industry sectors.”
Paygevity’s management believes that merging technology and finance through its PromptPay™ innovation can contribute to social and economic advancement, while fostering valuable and long lasting relationships for the global supply chain community.
Devin Wicker, CEO of Bonwick Capital Partners and a former Goldman Sachs Executive, added:
“Paygevity’s payment platform provides a connective technology that lets both buyer and seller win. I take great pride in helping people fulfill the American Dream and so should you. Paygevity’s technology platform makes business better.”
Paygevity is seeking to raise a minimum of $500,000 during this funding round.
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