FintekNews Deal of the Day – Payjoy Lands $9.65M

Note from the Publisher:  Next time you need a massive new GIANT screen TV, a new SUPER SMART washing machine or the latest greatest electronics gizmo, Payjoy is there for you.  According to their website, their smartphone-enabled technology helps people afford technology that connects them to the world economy. 

“Over a billion people would love a way to pay for electronics over time, and PayJoy’s technology makes that possible. We change up-front purchases into pay-as-you-go monthly installments. Our unique technology locks devices unless a monthly payment is made, improving customer payment rates. This allows us to offer financing for hundreds of billions of dollars of products such as smartphones, washing machines, TVs, and air conditioners, bringing a modern middle class lifestyle to people around the world for the first time.”

Total Equity Funding:  $10.5M in 2 Rounds from 27 Investors
Most Recent Funding:  $9.65M Debt Financing on July 11, 2016

Read Full Listing on Crunchbase