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Pay By Group announces follow on investment from Czar Ventures

NEW YORK, January 26, 2018-- Pay By Group, the premier group payments solution provider has closed a round of investment from Czar Ventures and other notable investors. This will be a follow-on investment by Czar Ventures into Pay By Group. The amount and terms of the investment were undisclosed.

"We are excited to participate again in the opportunity to invest in Pay By Group. They provide the perfect solution for e-commerce group payments," said Suhel Kothari of Czar Ventures. "Suhel and Czar Ventures have been fantastic and loyal investors. We're thrilled to continue working with them," said Camilo Acosta, CEO and co-founder of Pay By Group.

About Pay By Group

Pay By Group is an embedded, white-label checkout option that allows friends or family to collaborate and split the cost of a shared purchase. The company has offices in San Francisco and Guadalajara, Mexico. The company's investors include SparkLabs Global Ventures, Great Oaks Capital, 500 Startups, JetBlue co-founder John Owen, Facebook VP of Platform & Marketplace Deb Lui, serial entrepreneur Karl Jacob, early Twitter and Square investor Greg Kidd, and Bryan Bradford. The company was founded in 2011.

About Czar Ventures

Czar Ventures, a part of the Czar Group, is the proprietary investment vehicle of the Kothari family. The group invests in VC, PE, Real Estate, Public Securities, etc. It geographically targets investments in the U.S. and India while following a value investing approach.

Contact:
Media Contact:
Suhel Kothari
646-641-4895
suhel.r.kothari@czargroup.com


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