Pay Theoryrevenue, valuation & funding
Child Care SoftwareCincinnati, OhioFounded 2019CEO Eric Fulkert
Payments platform tailored for Family Tech SaaS vendors to education, healthcare, childcare and children's enrichment providers.
Pay Theory revenue
Pay Theory has not published its revenue. GetLatka estimates it at about $3M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Aug 2021 | $1.2M | – |
| Oct 2023 | $1.8MEST. | GetLatka estimate |
| Oct 2024 | $3MEST. | GetLatka estimate |
– source not recorded
Pay Theory valuation
Pay Theory is privately held, so there is no Pay Theory stock to buy. Investors valued it at $4M in its October 2019 Pre-Seed round.
Pay Theory funding rounds & investors
Pay Theory has raised $2.4M across two rounds since 2019. The latest was a $2M Seed round in February 2022.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Feb 2022 | Seed | $2M | – |
| Oct 2019 | Pre-Seed | $350K | $4M |
| Total raised | $2.4M |
Pay Theory competitors
Pay Theory competes most directly with Stripe.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Stripe | $19.4B | $8.7B | 8,500 | 1M | 2010 |
| Pay Theory | $3M | $2.4M | 18 | – | 2019 |
Pay Theory CEO, founders & employees
Eric Fulkert founded Pay Theory in 2019 and runs it as CEO. Pay Theory had 18 employees (October 2024, LinkedIn).
- Eric FulkertFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 18 | |
| Oct 2023 | 18 | |
| Oct 2022 | 13 | |
| Feb 2022 | 12 | – |
| Dec 2021 | 14 | |
| Aug 2021 | 12 | – |
Pay Theory FAQ
What is Pay Theory's revenue?
GetLatka estimates Pay Theory's revenue at about $3M a year (October 2024). The company hasn't published its own figure.
What is Pay Theory's valuation?
Investors valued Pay Theory at $4M in its October 2019 Pre-Seed round.
How much funding has Pay Theory raised?
Pay Theory has raised $2.4M across two funding rounds. The latest was a $2M Seed round in February 2022.
Is Pay Theory publicly traded?
No. Pay Theory is a private company, so its shares aren't traded on a stock exchange.
How many employees does Pay Theory have?
Pay Theory had 18 employees in October 2024, according to LinkedIn.
Who is the CEO of Pay Theory?
Eric Fulkert is the CEO of Pay Theory and founded the company in 2019.
Who founded Pay Theory?
Eric Fulkert founded Pay Theory in 2019.
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How this page is sourced
4 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 17, 2024Data disclaimerReport a correctionClaim this profileRun Pay Theory? Join the podcast