I was curious, so I read through their senior executive bios on their website. Paydala’s CEO (Inder Singh) is a former COO of Lifelock. For those unfamiliar, Lifelock is a very well established company that protects consumers against identity theft. Prior to that, he held a number of senior-level positions at Bank of America.
I also glanced through those audits and everything appears to be in order. While they’re a relatively new company, I’m 100% confident that they’re legit.
So FWIW, I’m planning on reupping for football and providing them my SSN. My initial reaction to sharing SSN was “hell no” but after doing a little bit of investigating I’m more comfortable with it. Wish it weren’t necessary, but our banking laws are more than a little insane.
Thanks for getting this all setup so that Ottoneu can continue, Niv!