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Paygevity

Operating

Paygevity Inc.

Fintech · New York, NY

A Supply Chain, FinTech Payment Company An Investment in Paygevity is an Investment in the Future of America's Supply Chain Community

Valuation cap ⓘ
$11.0M
As of Apr 2019 · from Reg CF Offering (2019) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$128,000
Crowd $28K · Private $100K · 3 rounds since 2016

Financials

FY2015–FY2018 · from SEC filings · hover any figure for its source
$0
−$161K
2015
$0
−$374K
2016
$0
−$232K
2017
$0
−$304K
2018
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 unaudited*
FY2016 unaudited*
FY2017 unaudited*
FY2018
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$373,882
$232,350
$304,000
Net income
-$161,000
-$373,882
-$232,350
-$304,000
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$135,000
$98,000
$360,000
$100,000
Accounts receivable
$0
$0
$0
$0
Total assets
$386,000
$420,518
$1,112,150
$1,412,550
Short-term debt
$12,000
$0
$22,500
$5,000
Long-term debt
$535,000
$775,500
$1,322,000
$1,711,550
Total liabilities
$547,000
$775,500
$1,344,500
$1,716,550
Other
Headcount
—
5
4
12

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$5.0M
Valuation cap
$11.0M
Valuation cap
Reg CF · Note · Oct 2017
Reg CF · Series CF Preferred · Mar 2019

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Raised $11K / $101.4KInvestors 14Valuation cap $11M
Raised $17K / $107KInvestors 25Valuation cap $5M
Raised $100KInvestors 1

Team

4 people
Neil H. RothenbergFounder
CEO, Founder and Chairman

Neil H. Rothenberg has served as Founder, Chairman, and CEO of Paygevity, Inc since February, 2015., an innovative, disruptive and scalable, Supply-Chain, FinTech payment company. Paygevity has a “win-win” business model. It contracts with many of the Fortune 1000 corporations and offers them increased flexibility in their working capital management. At the same time, Paygevity “promptly” pays the selected suppliers to these Fortune 1000 corporations. No longer does a supplier to a Fortune 1000 corporation have to wait 45, 60, or 90 days to get paid on their approved invoices. During the mid-1990’s Mr. Rothenberg was an investment banker at Dillon, Read & Co., Inc. and Prudential Securities Inc. He provided M&A advisory as well as debt and equity underwritings for institutions operating in the financial services sector. In the late-1990’s Mr. Rothenberg was recruited by CIT Group’s Merchant Banking Division. At CIT Mr. Rothenberg provided factoring loans, bank loans, mezzanine loans with warrants, and equity investments to small and mid-size corporations. Starting in 2002 Mr. Rothenberg joined the hedge fund industry as a portfolio manager of Corporate Credit, Fixed Income and Distressed Debt. He managed funds for Ramius Capital Group, an affiliate of Paloma Partners, and M.D. Sass. Mr. Rothenberg holds an MBA in Finance from Columbia Business School and a BA in Political Science from Emory University.

Louis A. Young
President

Mr. Louis A. Young II joined Paygevity in March of 2017. He is a technology executive and former CIA officer with a career-long history of entrepreneurial innovation, high performance leadership, and integrated C-suite experience in operations, finance, and business development. Mr. Young has served in various senior management, program management, management consulting, and start-up positions where he has helped C-Suite executives, Fortune 500 firms, government leaders, and civil society organizations effectively leverage systems engineering, network engineering, software development, and operational analysis—along with geopolitical and macro-economic insights—to develop bespoke solutions for customers. He has also managed both public and private sector initiatives and advanced research on big data analytics, machine learning, artificial intelligence, and financial technology subject matters.

Masa Sakairi
COO

Former head of strategy for a listed Japanese manufacturing firm. Carlyle Group Private Equity then Co-founded “friendly activist” hedge fund VARECS Partners. International Christian University B.A., Social Science. Harvard Business School, MBA.

William Christian, PhD
CTO

Senior technology leader within the U.S. Department of Defense leading agile teams in machine learning, software development, distributed processing, system monitoring, and data security. Current Computer Science adjunct professor, University of Maryland Baltimore County (UMBC). Former business decision modeling professor at James Madison University College of Business. Ph.D., Rice University Computational and Applied Mathematics. BS Mathematics, UMBC.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 9 annual reports (FY2017–FY2025)

25 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRApr 29, 20200001665160-20-000490
    EDGAR
  • Form C-UMay 7, 20190001665160-19-000623
    EDGAR
  • Form C-ARApr 30, 20190001665160-19-000483
    EDGAR
  • Form CMar 20, 20190001665160-19-000281
    EDGAR
  • Form C-UAug 2, 20180001665160-18-000762
    EDGAR
  • Form C-UJan 19, 20180001665160-18-000042
    EDGAR
  • Form COct 18, 20170001665160-17-000500
    EDGAR
  • Form DMay 19, 20160001674858-16-000001
    EDGAR
Source: ManualCIK 0001674858DE

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.