Pay By Group, a San Francisco and Guadalajara, Mexico-based group payments solution provider, received a follow-on investment from Czar Ventures and other investors*.
The amount and terms of the investment were not disclosed.
Founded in 2011 by Camilo Acosta, CEO, 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 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.
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.