Single Family Office

Updated:

Papaya

Patrick Kann's Papaya has built a camera-first bill-pay network used by over 2.5 million Americans, targeting utilities, healthcare, and government...

Papaya logo

Papaya

Pay any bill in a matter of seconds. A better way to bill pay.

General information

Firm type

Single Family Office

Year founded

2016

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

Los Angeles, CA, United States

Principals

Patrick Kann

Co-Founder

Jason Meltzer

Co-Founder

Sector focus

FinTechHealthcare ServicesInsuranceUtilities

Frequently asked questions

Who runs investment decisions at Papaya?

Papaya does not publicly disclose a dedicated chief investment officer or investment committee. Given its profile as an operating company and potentially a single-family office for its founders, it is likely that co-founders Patrick Kann and Jason Meltzer direct all capital allocation decisions, but no verifiable governance details are available.

How does Papaya source proprietary deal flow?

The firm does not openly discuss its sourcing channels. However, based on its operating business, it likely uncovers investment opportunities through the payment network itself — a direct view into hundreds of thousands of billers across healthcare, utilities, and government — which could surface fintech and vertical software adjacencies that fit its computer vision and payments expertise.

Is Papaya structured as a single family office or does it operate more like a venture firm?

The public record only shows an operating company (Papaya the payments business). No separate family office or venture arm is disclosed. If the founders reinvest operating profits into the business or external startups, that activity is not publicly separated from the corporate entity, making any family office classification externally opaque.

Which sectors does Papaya explicitly avoid?

The company's public materials do not list explicitly avoided sectors. Its client verticals — healthcare, government, utilities, field services, debt collection, and insurance — suggest it stays within regulated, high-volume biller categories and likely avoids consumer discretionary or point-of-sale retail payments that require a different compliance and integration architecture.

Where does the underlying wealth come from?

Papaya does not disclose its founders' total wealth or the origin of any family office capital. Patrick Kann had a prior career in international finance (Macquarie, World Bank) and Jason Meltzer in industrial robotics (iRobot), but there is no public confirmation that Papaya manages liquidity from a large corporate exit or inherited fortune.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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