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About
Paid exists because the pricing model AI agent companies inherited does not fit what they sell. A seat licence prices access; an agent's value is the work it completes. Paid's answer is results-based billing infrastructure: agent makers can charge for the points of margin their agent saves a customer, and Paid does the measuring, metering and invoicing underneath.
Manny Medina founded it after a decade running Outreach, the sales engagement company he took to a $4.4-billion valuation before stepping down as CEO in 2024 to become executive chairman. Paid came out of stealth in March 2025 with a EUR10 million pre-seed, then raised a $21.6 million seed led by Lightspeed announced on 28 September 2025 — $33.3 million in total, at a valuation TechCrunch reported as over $100 million. Early customers named at the time were the sales-automation startup Artisan and the ERP vendor IFS.
Medina's TechTO appearance long predates Paid: he spoke at SalesTO in July 2019 on sales development, as CEO of Outreach.
Backers
Lightspeed led the $21.6M seed announced in September 2025, following a EUR10 million pre-seed at the March 2025 launch. Total raised: $33.3M.
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Quick answers
What does Paid do?
It provides results-based billing infrastructure for AI agents, so an agent maker can charge for the margin its agent saves a customer rather than for seats or calls.
Who founded Paid?
Manny Medina, who founded Outreach and led it as CEO for a decade to a $4.4-billion valuation before becoming its executive chairman in 2024.
Is Paid the same company as Plaid?
No. Plaid is the San Francisco fintech that connects apps to bank accounts; Paid is Manny Medina's London-based AI agent billing startup, founded in 2025. Both have pages in this directory.