Kangarootime
“Can a vertical SaaS for childcare centers monetize tuition flows via embedded PayFac payments while owning the parent, teacher, and director workflow?”
Founded2015
HQBuffalo, New York, United States
FoundersScott Wayman
Total raised$40.2M
Latest round$26M (2021)
IndustryVertical SaaS / Childcare
The story
Founded 2015 in Buffalo as a childcare management platform for early education schools and daycares. Embedded payments have been core to the business model from early on — Kangarootime became a Worldpay for Platforms customer, operating a PayFac-style embedded payments arrangement that automates tuition billing for centers and parents. The company expanded into AI-assisted early education via the Clay acquisition and now positions itself as a multi-location CCMS with unified business, classroom, and parent-engagement tooling.
Last 12 months
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Product timeline
2015
Founded by Scott Wayman in Buffalo, NY to build all-in-one childcare management software.· founding
2021
Closed $26M fundraise round to accelerate childcare platform growth.· funding
2021
Featured on Worldpay/Payrix PayFAQ podcast highlighting PayFac embedded payments strategy.· payments
2023
Acquired Clay, an AI platform, to bring AI capabilities into early childhood education software.· acquisition
Acquisitions
The stack
1 layer disclosed in Kangarootime’s embedded-finance stack
Payments / PSP
Accounting gap: significant