What it sells
How businesses send money to people at scale. Fast, free, global.
Business model breakdown
Buyer: who owns the budget?
Marketing, research, HR, sales ops and finance teams at businesses, nonprofits and legal administrators sending payouts.
Trigger: what makes them buy now?
Need to send rewards, incentives, refunds or disbursements to many people quickly, globally, with fraud control and tax forms.
Workflow: what inputs become what output?
Upload a bulk list or call the API/integration, choose reward options (gift cards, prepaid Visa, PayPal/Venmo), recipients redeem; platform handles fraud checks, W-9/1099 and reporting.
Economics: what it saves and how it charges
Platform is free; gift cards, prepaid cards and donations are at face value. Fees apply on Venmo/PayPal/Cash App and bank transfers (4-6%) and credit-card funding (3%). Profitable and founder-owned (no VC).
Distribution: how it reaches customers
Self-serve signup plus demos, API/integrations (5,000+ tools) and case studies.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2011 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.