Fundraising FoxPayoff
Costa Mesa, US · Founded 2011 · Delaware corporation · 6 known investors
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Payoff (Happy Money) offers fixed-rate personal loans of $5,000–$50,000 aimed at consumers looking to consolidate and pay off credit card debt. It provides an online application to check rates without affecting credit score, targeting the consumer lending market.
Founders & leadership
Payoff was founded in 2011 by Ralph Scott Saunders and Scott Saunders.
Board
Investors · 6
How we know: Innovate Partners's portfolio page · Not right? Tell us
How we know: Nat Turner's portfolio page · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$113.3M disclosed across 4 rounds · 2011–2021
▶$52.6MraisedMar 2022 · 3 investors · OtherRule 506(b)
- Kumar AnjaliDirector
- Brian KaasDirector
- Sean ParkDirector
- Tracy EdkinsDirector
- Scott WalchekDirector
- Jeff WinnerExecutive Officer, Director
- Matt WilsonExecutive Officer
- Joe SaundersDirector
- Offering amount
- $62.6M
- Amount sold
- $52.6M
- First sale
- Dec 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$46.8MraisedJun 2016 · 56 investors · OtherRule 506(b)
- Jim LaneDirector
- Mohamed El ErianDirector
- Ralph Scott SaundersExecutive Officer, Director
- Matt WilsonExecutive Officer
- Joe SaundersDirector
- Sean ParkDirector
- Offering amount
- $64.7M
- Amount sold
- $46.8M
- Placement agents
- Deutsche Bank Securities Inc.
- First sale
- May 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12MraisedOct 2014 · 28 investors · OtherRule 506(b)
- Joe SaundersDirector
- Mohamed El-ErianDirector
- Jim LaneDirector
- Ralph Scott SaundersExecutive Officer, Director, Promoter
- Sean ParkDirector
- Offering amount
- $12M
- Amount sold
- $12M
- First sale
- Jun 2014
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶$2MraisedJan 2012 · 14 investors · OtherRule 506(b)
- Eden WarnerExecutive Officer, Director
- Scott SaundersExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $2M
- Minimum investment
- $15K
- Proceeds to insiders
- $300K
- First sale
- Dec 2011
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Payoff do?
- Payoff (Happy Money) offers fixed-rate personal loans of $5,000–$50,000 aimed at consumers looking to consolidate and pay off credit card debt. It provides an online application to check rates without affecting credit score, targeting the consumer lending market.
- Who founded Payoff?
- Payoff was founded by Ralph Scott Saunders, Scott Saunders in 2011.
- Who are Payoff's investors?
- Payoff's investors include Innovate Partners, Nat Turner, FirstMark Capital, Great Oaks Venture Capital, Green Visor Capital, TruStage Ventures.
- How much funding has Payoff raised?
- Payoff has disclosed $113.3M raised across 4 rounds.
- Where is Payoff headquartered?
- Payoff is headquartered in Costa Mesa, US.