Search company, investor...
Womply company logo


Founded Year



Loan | Alive

Total Raised


Last Raised

$3.5M | 3 yrs ago

About Womply

Womply is a software-as-a-service (SaaS) provider to small and medium businesses. The company's business management solution includes CRM plus small business intelligence, reputation management, marketing automation, and integrated payments.

Headquarters Location

420 Bryant St

San Francisco, California, 94107,

United States

Missing: Womply's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Womply's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest Womply News

Screening Failures Caused PPP Fraud

Jan 10, 2023

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> On December 1, 2022, the House Select Subcommittee on the Coronavirus Crisis released a staff report describing the poor performance of the financial technology companies that took a prominent role in administering the Paycheck Protection Program (PPP). Previously, the SBA Inspector General reported unprecedented levels of fraud within the program, in part due to a lack of sufficient specific guidance for lenders to effectively identify, track, address, or resolve potentially fraudulent PPP loans. The Committee, charged with examining reports of fraud related to the coronavirus crisis, initiated an investigation to determine the role of financial technology (fintech) companies that made “massive profits” by directing small businesses to lenders providing loans under the federal program. The report found that the fintech companies failed to fulfill their responsibilities to prevent fraudulent activity and caused significant harm and the loss of large amounts of program funds. The PPP program launched with the 2020 CARES Act in response to the COVID-19 crisis to provide unprecedented levels of emergency funding in the form of SBA-backed loans intended to help businesses keep their workforce employed. Originally, banks gravitated to larger loans and more established applicants because those applications were easy to process and resulted in higher fees per loan. The result was that loans were not getting to the smaller borrowers that were potentially the most at risk. In response, Congress changed program rules to expand eligibility and increase fees for smaller businesses by up to ten times. In this context, technology-driven companies claimed that technology and innovation would allow them to better process loans for established financial institutions. Fintech companies, which operate largely outside of the regulatory structure governing traditional financial institutions and with little to no oversight from lenders, were given a significant level of responsibility in administering PPP loans. Chairman James E. Clyburn released a statement with the report, alleging that these companies “refused to take adequate steps to detect and prevent fraud despite their clear responsibility to safeguard taxpayer funds . . . [and] accrued massive profits from program administration fees.” Two of the fintech companies investigated by the committee, Blueacorn and Womply, were created during or after the start of the COVID-19 pandemic solely to act as a lender service provider for small businesses. Since these companies are not banks, they could not directly lend money to applicants and instead acted as a middleman directing applicants to lenders and taking a cut of the fees lenders made on each loan. However, according to the report, Blueacorn only had one employee who assisted with processing PPP loan applications and therefore almost exclusively relied on third-party contractors to process loan applications. The reviewers worked as loan underwriters but reported receiving poor training and being pressured to “push through” PPP loans according to the report, even if there were questions regarding the authenticity of the loan’s supporting documents. Similarly, the report accuses Womply of putting their systems together with “duct tape and gum” and creating a high likelihood of fraud within the loans referred by the company to lenders. Blueacorn and Womply partnered with the six most active PPP lenders, facilitating nearly one in every three PPP loans in 2021 according to the committee’s investigation. The Select Subcommittee also found that due to the effort of Blueacorn and Womply, loans under $50,000 increased to $5.8 million in 2021, up from $3.6 million in 2020 and the program’s average loan size dropped from over $100,000 to $41,560 in 2021. The Committee also investigated established fintech firms that became involved in the PPP loan program, Kabbage and Bluevine, which also struggled to administer the loans and prevent fraud. Internal Kabbage documents allegedly revealed that the company missed clear signs of fraud in a number of PPP applications, such as loans provided to farms that were questionable on their face, including an orange grove in Minnesota and a cattle ranch based on a New Jersey sandbar. According to the report, Bluevine initially experienced similarly high rates of fraud, but through continuous oversight and partnership with traditional financial institutions successfully improved anti-fraud controls with new software and incorporating manual review, likely reducing fraud. However, even with improved controls, Bluevine and its banking partner allegedly failed to timely submit Suspicious Activity Reports according to the committee report, in violation of applicable banking regulations. Overall, more than 70,000 potentially fraudulent loans totaling more than $4.6 billion have been identified. Chairman Clyburn referred the Select Subcommittee findings to the SBA, OIG, and Department of Justice, including evidence that some owners of financial technology companies whose companies accepted billions in administration fees may have also directly committed PPP fraud.

Womply Frequently Asked Questions (FAQ)

  • When was Womply founded?

    Womply was founded in 2011.

  • Where is Womply's headquarters?

    Womply's headquarters is located at 420 Bryant St, San Francisco.

  • What is Womply's latest funding round?

    Womply's latest funding round is Loan.

  • How much did Womply raise?

    Womply raised a total of $43.5M.

  • Who are the investors of Womply?

    Investors of Womply include Paycheck Protection Program, Merus Capital, Sageview Capital and Asset Management Ventures.

  • Who are Womply's competitors?

    Competitors of Womply include Affinity and 5 more.

Compare Womply to Competitors

Field Solution Group

Field Solution Group develops reputation and review management software that collects reviews from customers and allows enterprises to automate their online reviews and connect with customers. It offers review monitoring and aggregation, review reporting, review marketing, review request campaigns, and review acquisition that enables enterprises to collect and monitor reviews across different review sites. The company was founded in 2015 and is based in Durham, North Carolina.

Localyser Logo

Localyser operates as an online reputation management solution provider. The company generates positive reviews and analyzes customer sentiment across locations, and multi-location brands to monitor, track and reply to online reviews. It was founded in 2016 and is based in Montreal, Canada.

SalesCaptain Logo

SalesCaptain provides SaaS-AI-powered reputation and communication management for local businesses. The company offers business listing and management solutions. The company offers a marketing platform that helps local businesses get more customers and allows them to manage reviews, messaging, payments, and other growth tools. The company was formerly known as SalesBook Technologies Pvt. Ltd. and changed its name to SalesCaptain. The company was founded in 2021 and is based in New York, New York.

RevenueJump Logo

RevenueJump is a web application that helps companies maintain and grow their online reputation. It offers optimized funnels designed to capture positive feedback that can be used for marketing. The company was founded in 2014 and is based in Meridian, Idaho.

Signpost Logo

Signpost is a fully automated marketing platform that utilizes AI to drive revenue into physical store locations. Signpost achieves this by automatically collecting customer data from calls, emails or transactions and delivering marketing campaigns on the location's behalf that obtain feedback, drive reviews, testimonials and referrals, and increase new and repeat customers with higher converting offers.


Ren offers a platform that uses natural language processing to help its users deepen relationships and create value for leaders and their networks.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.