Alephpay
Payroll Solutions for Unbanked Employees
Company Overview
Snapshot
Founded in September 2017 by Asaph Sivan and Shahar Oz, Alephpay operates with 1–10 employees. The company raised $300K across one funding round. Alephpay ceased operations in February 2021.
Business overview
Alephpay provides payroll and cross-border payment solutions tailored for companies employing foreign and unbanked workers. The company's core offering includes a digital wallet that allows employees to cash paychecks, send money to 100 countries, and utilize a MasterCard for transactions at stores or ATMs. Alephpay operates within the Business Software, Fintech & Insurtech sectors, focusing on financial operations software and human resources management, serving both enterprise and consumer markets.
Strategic signal
Alephpay ceased operations in February 2021, indicating a significant and permanent shift in its market presence and strategic trajectory. This event signals to investors and innovation teams that the company is no longer an active player in the payroll and cross-border payment solutions market for unbanked employees.
Log in to access full profile ›Company Intelligence Q&A
- What is Alephpay's primary business?
- Alephpay provides payroll and cross-border payment solutions for companies with foreign and unbanked employees, enabling them to manage paychecks, send money internationally, and use a MasterCard.
- When was Alephpay founded and by whom?
- Alephpay was founded in September 2017 by Asaph Sivan and Shahar Oz.
- What was the last reported funding for Alephpay?
- Alephpay secured $300K in Seed funding in July 2018, according to a report by Geektime.
- What is the operational status of Alephpay?
- Alephpay is non-active and ceased to operate in February 2021.
- What technology does Alephpay utilize?
- Alephpay offers a digital wallet and card payment solutions, operating within the fintech and enterprise solutions space with a focus on mobile applications.