About GracePay
GracePay gives funeral homes one checkout for cards, bank transfers and installment financing. The funeral home receives the full invoice upfront while the family chooses how to pay.
GracePay is based in Des Moines. Card, bank and financing payments are live. Life-insurance assignments and pre-need funds are being integrated.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 14, 2026 | Oct 26, 2026 | $1,200,000fully sold | 4 | $300K | EquityRule 506(b) | Form D ↗ |
| Feb 19, 2026 | May 7, 2026 | $100,000of $1.0M target | 1 | $100K | Securities on exercise, Simple Agreement Future Equity(SAFE)Rule 506(b) | Form D ↗ |
| Total, two offerings | $1,300,000 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Why Investors Backed GracePay
GracePay is building payment and financing software for funeral homes. It pays the funeral home upfront while the family chooses cards, bank transfer or installments. The same system is designed to add life-insurance assignments and pre-need funds. Iowa has certified GracePay for its Seed Investor Tax Credit Program.
The problem it targets
Funeral homes often wait for insurance proceeds while carrying payroll and supplier costs. Insurance assignments can take more than 90 days. By GracePay's estimate, funeral homes lose 12% to 18% of revenue to write-offs and non-payment.
What the product does
GracePay creates an invoice and sends it to the family by text or email. The family can pay by card, bank transfer or financing. Financing decisions take about 90 seconds. The funeral home receives the full invoice upfront. Its developer tools also cover benefit checks, insurance assignments and pre-need funds.
Progress so far
Iowa listed GracePay as a certified business in its Seed Investor Tax Credit Program on September 15, 2026. The program requires a certified business to have at least $500,000 in qualifying equity investments or binding commitments from two outside investors. GracePay has not named customers or published revenue or retention figures.
We wrote this summary from public statements by GracePay and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on GracePay's Form D filed Oct 26, 2026.
