The round was led by MassMutual through the MM Catalyst Fund (MMCF). They were also joined by Elevate Capital, MassVentures, Techstars, The Fund, Gaingels, and Chingona Ventures. This funding round brings the company's total funding to just over $4.2 million.

Paerpay is an integrated contactless payments system for restaurants that enables guests to instantly pay the bill from their phone without downloading an app or requiring them to change their hardware or credit card processor. Paerpay makes payments as simple as a text message.