Company Overview
Snapshot
Founded in January 2013 by Adam Kima, PayMates operates with 1–10 employees. The company is currently non-active as of July 2014.
Business overview
PayMates develops a social payment gateway designed for online retailers. Its core technology enables consumers to split payments among friends, creating a social shopping and payment experience. This B2B2C solution aims to increase retailer revenues by boosting transactions, increasing transaction sizes, and leveraging consumers' social networks for payment collection. The company operates within the Business Software sector, specifically focusing on Fintech & Insurtech and Money Transfer & Management.
Log in to access full profile ›Company Intelligence Q&A
- What is PayMates' primary business model?
- PayMates operates on a B2B2C business model, providing its social payment gateway to online retailers who then offer it to their end consumers.
- When was PayMates founded?
- PayMates was founded in January 2013.
- Who founded PayMates?
- PayMates was founded by Adam Kima, who also serves as the CEO.
- What is the current status of PayMates?
- PayMates has been non-active since July 2014.
- What problem does PayMates aim to solve for online retailers?
- PayMates aims to help online retailers increase revenues by enabling a social shopping and payment experience, which can lead to more transactions and larger transaction sizes by utilizing consumers' social networks.