Alephpay

Company Overview

Snapshot

Founded in September 2017 by Asaph Sivan and Shahar Oz, Alephpay operates with 1–10 employees. The company raised $300,000 across one funding round. In February 2021, Alephpay ceased to operate.

Business overview

Alephpay provides payroll and cross-border payment solutions tailored for companies employing foreign and unbanked workers. The company's core technology 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 sector, specifically focusing on Fintech and eCommerce, with solutions in Financial Operations Software and Human Resources Management.

Strategic signal

In February 2021, Alephpay ceased operations. This event signals a complete halt to the company's efforts in providing payroll and cross-border payment solutions for unbanked employees, indicating a significant closure in the fintech landscape.

Company Intelligence Q&A

What is Alephpay's operational status?

Alephpay ceased to operate in February 2021.

When was Alephpay founded and by whom?

Alephpay was founded in September 2017 by Asaph Sivan and Shahar Oz.

What was Alephpay's total disclosed funding?

Alephpay raised a total of $300,000 in a Seed round in July 2018.

What was Alephpay's primary offering?

Alephpay offered payroll and cross-border payment solutions for companies employing foreign and unbanked workers, including a digital wallet and MasterCard access.