PayJoy is a financial technology company that helps underserved customers in emerging markets access smartphone financing and other credit products. It operates as a public benefit corporation focused on ethical lending and financial well-being. [1][2][5]
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
Previous Price
Series C Sep 2023
How to Invest in PayJoy Through UpMarket
PayJoy shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available PayJoy offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Sep 2023
Debt financing
Sep 2023
Series C
PayJoy Revenue and Growth
Annual revenue
Why Investors Are Watching PayJoy
Growth Signal
PayJoy says its Asset Fund helps serve 15M+ customers
ImpactAlpha reported that PayJoy’s Asset Fund co-invests in smartphone loans originated by PayJoy, and the company serves more than 15 million customers. The fund structure is designed to expand smartphone access in emerging markets by supplying additional capital to lending operations.
Market Opportunity
PayJoy targets smartphone financing in emerging markets
HBS describes PayJoy as an impact-driven fintech founded in 2015 that provides smartphone financing and other financial products to customers. UpMarket describes the company as aiming to make modern technology and financial services accessible to the global middle class.
Product Milestone
PayJoy expands beyond loans into broader financial products
The Harvard Business School case says PayJoy offers smartphone financing and other financial products, indicating a product set beyond a single loan line. PayJoy’s press release on its Asset Fund shows the company is also using dedicated financing vehicles to scale credit access.
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No. As of March 2026, PayJoy is a private company and does not trade on any public stock exchange. Accredited investors can access PayJoy shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
PayJoy does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in PayJoy shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. PayJoy shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
PayJoy generated $300M+ in 2023 revenue by financing smartphones and other credit products for underserved customers in emerging markets, and its Asset Fund serves 15M+ customers — accredited investors can access PayJoy stock through UpMarket.