Womply raised about 50 million dollars across five rounds, with a 30 million dollar Series B in November 2016 led by Sageview Capital. About eighteen investors backed the rounds, and Sageview exited in the December 2021 transaction.
No further financing followed the 2021 merger cash return of about 1.1 billion dollars to shareholders. With the firm inactive since 2022, the funding history is closed, and later cash flows of record were legal recoveries rather than venture capital.
Womply reported serving about 500000 American small firms with its apps and financial tools at its peak. During the pandemic it facilitated about 1.4 million PPP loans worth about 19.6 billion dollars, aimed at very small borrowers.
Its help page now notes the PPP ended May 31 2021 and offers no borrower accounts or records portal. With operations wound down in 2022, the customer base is historical, and later attention centered on loan-processing disputes rather than product use.
Womply ran a local commerce platform with marketing software, payments tools, and APIs for small firms. Its PPP Fast Lane paired tiny applicants with SBA-approved lenders after finding little stimulus reached micro firms.
Revenue came from recurring software subscriptions plus transactional payments activity as front-office infrastructure for merchants. The model needed active merchant growth and lender ties, both of which ended when operations wound down in 2022.
