FundedIQ
Commerce and Shopping

Paerpay: Funding, Investors & Team (Sep 2026)

Paerpay helps merchants nationwide accept contactless payments without the hassle of changing point-of-sales systems, processors or requiring guests to download an app. The company was founded in 2017 and is headquartered in Boston, Massachusetts, United States.

www.paerpay.com LinkedIn Boston, United States 11-50 employees
E-Commerce FinTech Mobile Payments Software
Total raised
$3.9M
Rounds
3
Latest
Undisclosed round
Jun 2024

Paerpay has raised $3.9M across 3 funding rounds on record, the most recent an undisclosed round of $700k announced in Jun 2024.

That round is below the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.

Paerpay Company Profile and Key Stats

Total funding raised
$3.9M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Undisclosed round
$700k in Jun 2024
Employees
11-50
reported band
Headquarters
Boston, United States

Latest funding round on record: Jun 2024.

Paerpay Funding Rounds

Date
Round
Amount
Undisclosed round
$700k
Undisclosed round
$150k
Seed
$3.0M

Paerpay raised $3.0M in a Seed announced in Mar 2022.

1.3 years later, an undisclosed round of $150k was announced in Jul 2023.

11 months later, an undisclosed round of $700k was announced in Jun 2024.

Paerpay Founders and Leadership Team

Name
Role
Contact
Derek Canton
CEO
Locked

Contact details for the Paerpay team: 1 of 1 has an email address on file.

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Paerpay Funding Compared to Other Commerce and Shopping Startups

Segment
Companies
Median round

Paerpay's latest round of $700k is below the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.

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Paerpay Funding FAQs

What does Paerpay do?

Paerpay helps merchants nationwide accept contactless payments without the hassle of changing point-of-sales systems, processors or requiring guests to download an app. The company was founded in 2017 and is headquartered in Boston, Massachusetts, United States.

How much funding has Paerpay raised?

Paerpay has raised $3.9M across 3 rounds on record. The most recent is an undisclosed round of $700k announced in Jun 2024.

When did Paerpay last raise funding?

Paerpay's most recent funding round on record is an undisclosed round of $700k, announced in Jun 2024.

Who is the CEO of Paerpay?

Derek Canton is listed as CEO at Paerpay.

Where is Paerpay headquartered?

Paerpay is based in Boston, Massachusetts, United States.

How many employees does Paerpay have?

Paerpay is in the 11-50 employee band.

How does Paerpay's funding compare to other Commerce and Shopping startups?

Paerpay's latest round of $700k is below the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.

About FundedIQ's Paerpay Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Paerpay is left off this page rather than filled in.

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