Balanced

Private

Balanced (formerly PoundPay) was a payments API built for online marketplaces, enabling two-sided transactions where buyers pay and sellers get paid. The platform handled credit card processing, escrow, ACH deposits, and fee collection. Notable for radical transparency with its open-source product roadmap on GitHub, Balanced shut down in 2015 and transitioned customers to Stripe.

Founders Matin Tamizi, Mahmoud Abdelkader, Jareau Wade
CEO Matin Tamizi

Company

Founded
2010
Headquarters
San Francisco, United States
Employees
11-50

Financials

Total Funding
$3M
Sectors
Fintech Payments
balancedpayments.com Twitter

Funding History

2 rounds
Seed Apr 2, 2013
$2M
Andreessen Horowitz (Lead) Collaborative Fund
Seed Nov 16, 2012
$1M
SV Angel (Lead) Y Combinator

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.