About ButterPayments
ButterPayments is a company based in San Francisco (United States) founded in 2020 by Vijay Menon.. ButterPayments has raised $29 million across 2 funding rounds from investors including Norwest Venture Partners, Transpose Platform and Atomic. The company has 21 employees as of December 31, 2022. ButterPayments offers products and services including Dispute Management and Payment Recovery. ButterPayments operates in a competitive market with competitors including GoCardless, Recurly, Cleeng, Curlec and Waivr, among others.
- Headquarter San Francisco, United States
- Employees 21 as on 31 Dec, 2022
- Founders Vijay Menon
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29 M (USD)
in 2 rounds
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Latest Funding Round
$22 M (USD), Series A
Jan 11, 2023
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Investors
Norwest Venture Partners
& 3 more
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Employee Count
21
as on Dec 31, 2022
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Products & Services of ButterPayments
ButterPayments offers a comprehensive portfolio of products and services, including Dispute Management and Payment Recovery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool to prevent chargebacks and recover lost revenue effectively.
Uses machine learning for individualized payment retry strategies.
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Funding Insights of ButterPayments
ButterPayments has successfully raised a total of $29M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22 million completed in January 2023. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $22.0M
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First Round
First Round
(01 Dec 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - ButterPayments | Valuation | Norwest Venture Partners | |
| Dec, 2021 | Amount | Series A - ButterPayments | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ButterPayments
ButterPayments has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Norwest Venture Partners, Transpose Platform and Atomic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Formation-stage venture capital and platform building are provided to startups.
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Founded Year | Domain | Location | |
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Atomic is recognized as a venture studio partnering with co-founders to build innovative companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ButterPayments
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ButterPayments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Butterpayments Comparisons
Competitors of ButterPayments
ButterPayments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoCardless, Recurly, Cleeng, Curlec and Waivr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recurring payment solutions for businesses
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| domain | founded_year | HQ Location |
Subscription billing automation is provided for business operations.
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| domain | founded_year | HQ Location |
Subscriber management systems are provided for digital services.
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| domain | founded_year | HQ Location |
Recurring payments are automated and collected via bank-to-bank direct debits.
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| domain | founded_year | HQ Location |
Real-time subscription payments are facilitated for businesses via API.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Butterpayments
Frequently Asked Questions about ButterPayments
When was ButterPayments founded?
ButterPayments was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is ButterPayments located?
ButterPayments is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of ButterPayments?
Sofya Pogreb is the current CEO of ButterPayments.
Is ButterPayments a funded company?
ButterPayments is a funded company, having raised a total of $29M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Dec 01, 2021.
How many employees does ButterPayments have?
As of Dec 31, 2022, the latest employee count at ButterPayments is 21.
What does ButterPayments do?
ButterPayments was founded in 2020 in San Francisco, United States, within the fintech sector. A payment routing solution is provided to businesses, enabling the management of multiple integration methods to recover failed transactions. An API is offered that automates transaction processing through various combinations of banks and payment service providers, supporting acceptance of diverse payment options at checkout. Operations focus on enhancing payment reliability for e-commerce and similar applications.
Who are the top competitors of ButterPayments?
ButterPayments's top competitors include GoCardless, Recurly and Cleeng.
What products or services does ButterPayments offer?
ButterPayments offers Dispute Management and Payment Recovery.
Who are ButterPayments's investors?
ButterPayments has 4 investors. Key investors include Norwest Venture Partners, Transpose Platform, Atomic, and Springtide Capital.
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