# PayAmigo funding: rounds and investors

> PayAmigo has raised $8.6M across 1 round since 2025. Investors include Commerce Ventures. Every round with its source.

Source: https://millionrounds.com/company/payamigo (Millionrounds; every figure on the page links to its filing or article)

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *PayAmigo*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$8.6M** raised across 1 round since 2025, from 1 source

- **Latest round:** Seed, $8.6M Jun 2025
- **Investors:** 1

See who backed them

## The rounds

- **Jun 2025** Seed **$8.6M** [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) Source recorded SEC filing: $8.6M sold, first sale May 2025

## Founders and team

From PayAmigo's own website: 1 founder, 4 on the team.

**Manpreet SIngh** Co-Founder & Board Member

- **Frank Mastrangelo** CEO
- **Abhishek Banerjee** COO
- **Erica Smalley** Senior Director of Sales
- **Irving Scott** Program Manager

## Everyone who backed them

[Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=payamigo).

## Also claim to have backed them

This firm lists PayAmigo as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Commerce VC](https://millionrounds.com/fund/commerce-vc) VC firm Per its own site

## Quick answers about PayAmigo

### Who invested in PayAmigo?

PayAmigo's investors include Commerce Ventures.

### How much has PayAmigo raised?

PayAmigo has raised $8.6M across 1 round since 2025.

### When did PayAmigo last raise?

PayAmigo's most recent round was a Seed of $8.6M in Jun 2025.

### What was PayAmigo's biggest round?

Its most recent round, $8.6M in Jun 2025, is also its largest on record.

### Who backed PayAmigo first?

PayAmigo's first round on record, in Jun 2025, was backed by Commerce Ventures.

### What stage is PayAmigo at?

PayAmigo's latest named round is a Seed, in Jun 2025.

### Where is PayAmigo based?

PayAmigo is based in the United States.

## Companies like PayAmigo

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)

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