About Digital Payment Technologies
Digital Payment Technologies is a Transportation, Automotive & Logistics company based in Vancouver (Canada) founded in 1997, and was acquired by T2 Systems in January 2014. Provider of multi-space parking meters, management software, and online services. The company has 29 employees. Its chief executive, as recorded, is Mike Simmons. Its website digitalpaytech.com draws about 39 thousand monthly visits. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Parking and Technology Enablers.
Company details
Digital Payment Technologies was established in 1997 in Vancouver, Canada, as a subsidiary of T2 Systems Inc. Parking management technologies, including multi-space pay stations, are designed, manufactured, and distributed by the company for the North American parking sector. Enterprise software solutions are offered to facilitate operations for parking operators. The initial product, Intella-Pay, was introduced that year to support payment and management functions.
- Headquarters Vancouver, Canada
- Employees 29
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website digitalpaytech.com
- Social LinkedIn X
- Acquired by T2 Systems (Jan 2014)
- Latest Funding Round$6M (USD), Debt – Conventional
Nov 2008
- InvestorsT2 Systems
& 1 more
- Employee Count29
- Acquired byT2 Systems
(Jan 2014)
Funding Insights of Digital Payment Technologies
- Total Rounds 1
- Last Round Debt – Conventional — $6M
- First Round $6M
(Nov 2008)
- Investors Count 1
All 1 funding rounds of Digital Payment Technologies 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 |
|---|---|---|---|---|---|
| Nov 2008 | $6M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Digital Payment Technologies
Digital Payment Technologies has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include T2 Systems and C.A. Bancorp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| cabancorp.com | ||||
Parking management solutions for events and venues are provided. | 1994 | t2systems.com | Indianapolis, United States |
Investor details for Digital Payment Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Digital Payment Technologies
1 people are tracked at Digital Payment Technologies (1 in leadership); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
Mike Simmons | CEO & Chairman | Leadership |
Complete people profiles for Digital Payment Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Digital Payment Technologies
3 dated milestones of Digital Payment Technologies across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Digital Payment Technologies is founded.
- Funding First funding round of $6.0M.
- Exit Acquired by T2 Systems.
Web traffic of Digital Payment Technologies
The website of Digital Payment Technologies (digitalpaytech.com) receives about 39K visits a month.
- Monthly visits39K
▼ 23.3% vs previous month
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Frequently Asked Questions about Digital Payment Technologies
Digital Payment Technologies was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Digital Payment Technologies is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Mike Simmons is the CEO of Digital Payment Technologies, as recorded in our data.
Digital Payment Technologies has 29 employees.
Digital Payment Technologies was established in 1997 in Vancouver, Canada, as a subsidiary of T2 Systems Inc. Parking management technologies, including multi-space pay stations, are designed, manufactured, and distributed by the company for the North American parking sector. Enterprise software solutions are offered to facilitate operations for parking operators. The initial product, Intella-Pay, was introduced that year to support payment and management functions.
Digital Payment Technologies has 2 investors. Key investors include T2 Systems, and C.A. Bancorp.
Yes. Digital Payment Technologies was acquired by T2 Systems in January 2014.