Fundraising Fox

PayForward

Valencia, US · Founded 2013 · Delaware LLC · 4 known investors

payforward.com ↗

PayForward provides an all-in-one platform for health plans to manage member benefits, combining proprietary fintech technology with regulatory compliance capabilities and white-glove support. The platform serves health plans with configurable benefit delivery, including a multi-purpose Flex Card for food, OTC, rewards, and transportation benefits.

Enterprise SoftwareFintechHealthtech

Founders & leadership

RS
Ronald SilosManager of PayForward, LLC
SM
Steven MarksManager of PayForward, LLC
AR
Armando RandManager of PayForward, LLC

Investors · 4

Cobalt VenturesKansas City · $10M – $75M
Moneta VenturesFolsom · $1M – $5M
Multiplier CapitalWashington · $3M – $15M
Struck CapitalreportedLos Angeles · $500K – $2M

Reported raises · per SEC filings

Form D private placements
▶$7.4MraisedSep 2019 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Steven MarksExecutive Officer, Director
  • Armando RandExecutive Officer, Director
  • Ronald SilosExecutive Officer, Director
  • Timothy GreenleafDirector
  • Michael SachsDirector
  • Sara SedlacekDirector
  • Vaibhav NadgaudaDirector
Offering amount
$7.4M
Amount sold
$7.4M
Proceeds to insiders
$2.1M
First sale
Jan 2019
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedNov 2017 · 14 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Timothy GreenleafDirector
  • Michael SachsDirector
  • Armando RandExecutive Officer, Director
  • Steven MarksExecutive Officer, Director
  • Ronald SilosExecutive Officer, Director
Offering amount
$5M
Amount sold
$5M
First sale
Oct 2017
Incorporated
Limited Liability Company, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$6MraisedAug 2016 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Timothy GreenleafDirector
  • Steven MarksExecutive Officer, Director
  • Armando RandExecutive Officer, Director
  • Ronald SilosExecutive Officer, Director
  • Michael SachsDirector
Offering amount
$6M
Amount sold
$6M
First sale
Jul 2016
Incorporated
Limited Liability Company, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.5MraisedApr 2015 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Ronald SilosExecutive Officer, Director
  • Steven MarksExecutive Officer, Director
  • Armando RandExecutive Officer, Director
Offering amount
$10M
Amount sold
$2.5M
First sale
Apr 2015
Incorporated
Limited Liability Company, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.