About Noventis
Noventis is a Financial Services company based in Houston (United States) founded in 1998, and was acquired by Wright Express in October 2018. API-linked payment gateway for bill and invoice payments is provided. Noventis has raised $13.7 million across 3 funding rounds from investors including Wright Express, SVB and Austin Ventures. Noventis offers products and services including Electronic Payment Delivery and State Licensing. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is WEX Payments Inc. Its competitors include Stripe, Square and PayPal; 3 of its 3 listed competitors have raised funding.
Company details
Noventis was established in 1998 in Houston, United States, within the financial technology sector. An API-linked payment gateway is utilized for processing bills and invoices. Services include expedited bill payments, walk-in options, prepaid debit cards, cash bill pay, and prepaid wireless refills. Solutions are extended to C2B and B2B transactions, encompassing utilities, cable and satellite, phone, internet, insurance, and healthcare sectors.
- Headquarters Houston, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website noventispayments.com
- Social LinkedIn X
- Acquired by Wright Express (Oct 2018)
- Legal Name Wex Payments Inc.
- Total Equity Funding$13.7M (USD)
in 3 rounds
- Latest Funding Round$4M (USD), Debt – Venture
Mar 2017
- InvestorsWright Express
& 2 more
- Acquired byWright Express
(Oct 2018)
Products & Services of Noventis
Noventis offers a comprehensive portfolio of products and services, including Electronic Payment Delivery and State Licensing.
Service for innovating and expanding electronic payment reach.
Assistance with state licensing for payment operations.
Funding Insights of Noventis
Noventis has successfully raised a total of $13.7M across 3 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $4 million completed in March 2017. 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 $13.7M
- Total Rounds 3
- Last Round Debt – Venture — $4M
- First Round $3.7M
(Jan 2002)
- Investors Count 2
All 3 funding rounds of Noventis 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 |
|---|---|---|---|---|---|
| Mar 2017 | $4M | Debt – Venture | – | – | |
| Oct 2005 | $10M | Series B | – | – | |
| Jan 2002 | $3.7M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Noventis
Noventis has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Wright Express, SVB and Austin Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in Texas-based companies. | austinventures.com | |||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Employee benefit administration and payment solutions are provided for enterprises. | 1983 | wexinc.com | Portland, United States |
Investor details for Noventis
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of Noventis
4 dated milestones of Noventis across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Noventis is founded.
- Funding First funding round of $3.7M.
- Funding Latest funding round, Debt – Venture, of $4.0M.
- Exit Acquired by Wright Express.
Competitors of Noventis
Noventis has 3 listed competitors in our database, 3 of them funded. They include Stripe, Square and PayPal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| paypal.com | 1998 | San Jose, United States | $216M | 27,200 | Online payment solutions are offered to consumers and businesses. |
Detailed competitors of Noventis
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Noventis (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 Noventis
Complete news archive for Noventis
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Frequently Asked Questions about Noventis
Noventis was founded in 1998 and raised its 1st funding round 4 years after it was founded.
Noventis is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Noventis is a funded company, having raised a total of $13.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.7M, raised on Jan 2002.
Noventis was established in 1998 in Houston, United States, within the financial technology sector. An API-linked payment gateway is utilized for processing bills and invoices. Services include expedited bill payments, walk-in options, prepaid debit cards, cash bill pay, and prepaid wireless refills. Solutions are extended to C2B and B2B transactions, encompassing utilities, cable and satellite, phone, internet, insurance, and healthcare sectors.
Noventis offers Electronic Payment Delivery and State Licensing.
Noventis has 3 investors. Key investors include Wright Express, SVB, and Austin Ventures.
Noventis operates through Wex Payments Inc..
Yes. Noventis was acquired by Wright Express in October 2018.