Socialpay

Name

Socialpay

Legal name

SocialPay

Website

https://socialpay.me

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Cross-Border Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372), Finance Services (6199)

akta.pro primary industry

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

akta.pro secondary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• International payments
• Invoice generation
• Payment links
• Cross-border transactions
• Fintech platform

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing Fees: Revenue appears to be generated through transaction fees associated with processing international payments. The platform facilitates global payment flexibility, accepting payments from clients worldwide and enabling local withdrawals, suggesting a take-rate or transaction fee model.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

SocialPay is a cloud-based payment platform that enables entrepreneurs and startups to manage international payments through automated PDF invoice generation, shareable payment links for global clients, and mobile apps (iOS and Android) for on-the-go transaction management. The platform combines real-time transaction monitoring, end-to-end encryption, multi-factor authentication, and fraud detection into a unified solution that supports accepting global payments and withdrawing funds locally.

Product overview

SocialPay is a unified payment platform designed for entrepreneurs and startups to manage international payments. The platform consists of an Invoice Generator for creating professional PDF invoices, a Payment Link Generator for collecting global payments, and Mobile Apps (iOS and Android) for managing transactions on the go. These products work together to provide a comprehensive solution for international payment processing with features including real-time transaction monitoring, smart invoice automation, and global payment flexibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Invoice Generator

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wise: Wise (formerly TransferWise) offers cross-border money movement and multi-currency accounts directly aimed at individuals, freelancers, and SMBs — the same entrepreneur/startup segment SocialPay targets with international payments and local withdrawals.
• Payoneer: Payoneer serves freelancers, entrepreneurs, and SMBs with cross-border payment receiving, invoicing, and local withdrawal — directly comparable to SocialPay's entrepreneur-focused international payment platform.
• Skrill: Skrill is a digital wallet offering international money transfers and merchant payment services to consumers and small businesses, competing with SocialPay's cross-border payment-link offering.

Broad incumbents

• PayPal: PayPal is a broad incumbent in digital payments providing invoicing, payment links, and international transfers for SMBs and consumers, overlapping with SocialPay's invoice-generation and cross-border payment-link offering.
• Stripe: Stripe provides payment processing, invoicing, and payment links for internet businesses and SMBs globally, offering overlapping functionality to SocialPay's Invoice Generator and Payment Link Generator.
• Square (Block): Square delivers invoicing, payment links, and international payment acceptance for SMBs, overlapping with SocialPay's core products targeting entrepreneurs and small businesses.
• Revolut Business: Revolut Business provides multi-currency accounts, international payments, and invoicing tools for SMBs and freelancers — overlapping with SocialPay's entrepreneur-focused cross-border payment functionality.

Emerging players

• Melio: Melio provides SMB-focused bill pay, invoicing, and payment workflows; comparable to SocialPay's invoice and payment-link tools for the small-business segment.
• Invoice Ninja: Invoice Ninja offers invoicing, payment links, and online payment acceptance aimed at freelancers and SMBs — directly comparable to SocialPay's invoice automation and payment link core products.
• PayRequest: PayRequest is a niche European SMB-focused platform combining payment links and invoicing — directly comparable to SocialPay's bundled invoice-and-payment-link workflow for entrepreneurs.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/socialpayme

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Socialpay