Payna
Payna provides a unified licensing and compliance platform for regulated companies and their personnel across all 50 U.S. states. Its four integrated products handle new state license applications, individual seat licenses, renewals and regulatory reporting, and real-time licensure data via API, all backed by a timestamped audit trail. The system automates drafting and approval workflows, replacing manual spreadsheet tracking.
- Regulatory & Compliance Technology
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Regulated companies manage licensing and compliance across multiple states using spreadsheets and manual processes, leading to missed renewal deadlines, late awareness of regulatory changes, and exam-preparation chaos. Tracking licensed individuals by hand creates risk of unlicensed activity, and the month before every state exam becomes survival mode for compliance teams.
Solution
Payna provides a unified licensing and compliance platform with four integrated products: Apply for new state license applications, Seats for per-person licensing at roster scale, Maintain for ongoing renewals and regulatory reporting, and API for real-time programmatic access to licensure data. The platform pre-fills applications and renewals, drafts BSA/AML policy updates, generates call reports from ledger data, routes documents for e-signature, and files on completion. Compliance teams review and approve everything before submission, keeping the 80% that is mechanical automated while humans stay in the loop for what matters. A timestamped audit trail of every filing, approval, and change ensures the company is always ready for examiner requests.
Target Audience
Primary customers are regulated companies in mortgage, insurance, lending, debt collection, money transmission, and crypto/VASP sectors, along with their compliance teams that manage multi-state licensing obligations.
Features
- Four integrated products covering the full licensing lifecycle: Apply, Seats, Maintain, and API
- State-by-state requirement mapping including bonds, net worth, control persons, fingerprints, business plans, and financials
- Parallel processing of multi-state applications so expansion timelines depend on the slowest state, not the sum of all states
- One document collection reused across all states, adapted to each jurisdiction's format
- Seats product handles MLOs on NMLS (MU4 filings, sponsorships, CE, renewals) and adjusters/producers on NIPR (multi-state licensing)
- Real-time API access to license status, sponsorship state, CE completion, and regulatory actions
- Automated drafting of applications, renewals, BSA/AML policy updates, and call reports from ledger data
- Timestamped audit trail of every filing, approval, and change for exam readiness