About ButterPayments
ButterPayments is a Financial Services company based in San Francisco (United States) founded in 2020 by Vijay Menon. Payment routing solution for businesses. ButterPayments has raised $29 million across 2 funding rounds from investors including Norwest Venture Partners, Transpose Platform and Atomic. The company has 21 employees. Its chief executive, as recorded, is Sofya Pogreb. ButterPayments offers products and services including Dispute Management and Payment Recovery. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Recurly, Waivr and Magic; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Employees 21
- Founders Vijay Menon
- SectorsFinancial Services
- Email••••••••
- Website butterpayments.com
- Social LinkedIn X
- Total Equity Funding$29M (USD)
in 2 rounds
- Latest Funding Round$22M (USD), Series A
Jan 2023
- InvestorsNorwest Venture Partners
& 3 more
- Employee Count21
Products & Services of ButterPayments
ButterPayments offers a comprehensive portfolio of products and services, including Dispute Management and Payment Recovery.
Tool to prevent chargebacks and recover lost revenue effectively.
Uses machine learning for individualized payment retry strategies.
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 $29M
- Total Rounds 2
- Last Round Series A — $22M
- First Round $7M
(Dec 2021)
- Investors Count 4
All 2 funding rounds of ButterPayments 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 |
|---|---|---|---|---|---|
| Jan 2023 | $22M | Series A | – | Norwest Venture Partners | |
| Dec 2021 | $7M | Series A | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Formation-stage venture capital and platform building are provided to startups. | transposeplatform.vc | San Francisco, United States | ||
Atomic is recognized as a venture studio partnering with co-founders to build innovative companies. | atomic.vc | |||
Expert mortgage advice and brokerage services are provided by Springtide Capital. | springtidecapital.com | Epsom, United Kingdom |
Investor details for ButterPayments
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People of ButterPayments
11 people are tracked at ButterPayments (7 in leadership, 4 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Vijay Menon | Co-Founder | Leadership |
Sofya Pogreb | CEO | Leadership |
Lexie Ernst | Head Of Product | Leadership |
Catherine Leon | Head Of Strategy, Staff | Leadership |
Kim Tran | Head of Legal | Leadership |
Ashley D. | Chief of Staff | Leadership |
Carol Menon | Director, Growth Marketing | Leadership |
Sarah (Nilmeier) Powell | Enterprise Account Executive | Team |
Mike Altonji | Data Scientist, Machine Learning | Team |
Abbie Flournoy | Customer Success Manager | Team |
Jesse Carrigan | Implementation Engineer | Team |
Complete people profiles for ButterPayments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of ButterPayments
3 dated milestones of ButterPayments across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ButterPayments is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series A, of $22.0M.
Competitors of ButterPayments
ButterPayments has 3 listed competitors in our database, 2 of them funded. They include Recurly, Waivr and Magic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| recurly.com | 2009 | San Francisco, United States | $39.18M | 254 | Subscription billing automation is provided for business operations. | |
| waivr.co | 2020 | Los Angeles, United States | $1.4M | 1 | Real-time subscription payments are facilitated for businesses via API. | |
| joinmagic.com | 2022 | San Francisco, United States | Bank payment solutions are provided to reduce transaction costs. |
Detailed competitors of ButterPayments
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- Full competitor set
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Web traffic of ButterPayments
The website of ButterPayments (butterpayments.com) receives about 5.3K visits a month.
- Monthly visits5.3K
▲ 5.3% vs previous month
Websites whose visitors overlap most with ButterPayments. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
splitbase.com | splitbase.com | 100% | #1,276,930 | – |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as ButterPayments (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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Related news about Butterpayments
Complete news archive for ButterPayments
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Frequently Asked Questions about ButterPayments
ButterPayments was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ButterPayments is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sofya Pogreb is the CEO of ButterPayments, as recorded in our data.
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 2021.
ButterPayments has 21 employees.
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.
ButterPayments offers Dispute Management and Payment Recovery.
ButterPayments has 4 investors. Key investors include Norwest Venture Partners, Transpose Platform, Atomic, and Springtide Capital.