About Achex
Achex is a Financial Services company based in San Francisco (United States) founded in 1999, and was acquired by First Data in July 2001. ACH-based online money transfers are provided to businesses. Achex has raised $18 million across 1 funding round from investors including Fiserv, RRE Ventures and DFJ. The company was acqui-hired. Its focus areas include FinTech, Payments, Business Payments and Payment Links. Its competitors include Cuanto, PaymentWiser and SnappyWire; 1 of its 3 listed competitors has raised funding.
Company details
Achex was founded in 1999 in San Francisco, United States, within the financial technology sector. Online money transfer services based on checking accounts were offered to businesses, utilizing the Internet and established payment networks for fund transfers. Operations focused on ACH processing for efficient electronic payments. The company was acquired by FirstData in 2001, integrating its capabilities into broader payment solutions.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsFinancial Services
- Website achex.com
- Acquired by First Data (Jul 2001)
- Total Equity Funding$18M (USD)
in 1 rounds
- Latest Funding Round$18M (USD), Series A
Jul 2000
- InvestorsFiserv
& 2 more
- Acquired byFirst Data
(Jul 2001)
Funding Insights of Achex
Achex has successfully raised a total of $18M through 1 strategic funding round. The most recent funding activity was a Series A round of $18 million completed in July 2000. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $18M
- Total Rounds 1
- Last Round Series A — $18M
- First Round $18M
(Jul 2000)
- Investors Count 3
All 1 funding rounds of Achex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2000 | $18M | Series A | – | RRE Ventures, DFJ | – |
3 investors in total: 3 institutional.
Investors in Achex
Achex has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv, RRE Ventures and DFJ.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
US focused VC firm | dfj.com | Menlo Park, United States | ||
Payment processing and electronic commerce services are offered worldwide. | 1971 | firstdata.com | Atlanta, United States |
Investor details for Achex
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Timeline of Achex
3 dated milestones of Achex across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Achex is founded.
- Funding First funding round of $18.0M.
- Exit Acquired by First Data.
Competitors of Achex
Achex has 3 listed competitors in our database, 1 of them funded. They include Cuanto, PaymentWiser and SnappyWire.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cuanto.app | 2017 | Scottsdale, United States | $150,000 | Mobile commerce solutions are provided for e-commerce businesses. | ||
| paymentwiser.com | 2020 | United States | A payment link solution designed to streamline transactions for businesses. | |||
| snappywire.com | 2018 | Los Angeles, United States | Provides payment links and mPOS solutions for merchants. |
Detailed competitors of Achex
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Achex (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about Achex
Achex was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Achex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Achex is a funded company, having raised a total of $18M across 1 funding round to date. The company's 1st funding round was a Series A of $18M, raised on Jul 2000.
Achex was founded in 1999 in San Francisco, United States, within the financial technology sector. Online money transfer services based on checking accounts were offered to businesses, utilizing the Internet and established payment networks for fund transfers. Operations focused on ACH processing for efficient electronic payments. The company was acquired by FirstData in 2001, integrating its capabilities into broader payment solutions.
Achex's top competitors include Cuanto, PaymentWiser and SnappyWire.
Achex has 3 investors. Key investors include Fiserv, RRE Ventures, and DFJ.
Yes. Achex was acquired by First Data in July 2001.