PaidIt

Company Overview

Snapshot

Founded in January 2017 by Eilon Elhadad, Daniel Khayat, and Rotem Natan, PaidIt operated with 1–10 employees. The company was acquired by Verifone in April 2020, marking a significant exit in the digital payment platform sector.

Business overview

PaidIt developed a digital payment platform offering a secure pay-at-table mobile application for the hospitality industry, specifically targeting restaurants, bars, and cafes. Its core technology allowed users to scan QR codes, select items, split checks, and process payments directly from their mobile devices. The company operated within the Fintech & Insurtech sector, serving both businesses (B2B2C) and consumers (B2C) in the mobile payments and point-of-sale markets.

Strategic signal

PaidIt's acquisition by Verifone in April 2020 highlights the strategic value of mobile-first payment solutions for the restaurant and bar industry. This exit signals a consolidation trend in the fintech space, where established payment technology providers are integrating innovative digital platforms to enhance their offerings and capture the growing demand for seamless, in-venue payment experiences.

Company Intelligence Q&A

When was PaidIt acquired?

PaidIt was acquired by Verifone in April 2020.

What is PaidIt's primary business model?

PaidIt operates with B2C and B2B2C business models, providing digital payment solutions for consumers and businesses in the hospitality sector.

Who are the founders of PaidIt?

PaidIt was founded by Eilon Elhadad, Daniel Khayat, and Rotem Natan.

What type of product does PaidIt offer?

PaidIt offers a mobile application that enables digital payments, allowing users to pay at tables in restaurants, bars, and cafes by scanning a QR code.

Which investor participated in PaidIt's funding round?

In June 2018, PaidIt raised $1 million in funding from Madgera.