About Official Payments
Official Payments is a company based in Norcross (United States) founded in 1994 was acquired by ACI Worldwide in September 2013.. The company has 214 employees as of December 31, 2013. Official Payments offers products and services including Online Payment Platform, Payment Verification, and Customer Support. Official Payments operates in a competitive market with competitors including Doxo, BillGO, Papaya, Papaya Payments and Gerald, among others.
- Headquarter Norcross, United States
- Employees 214 as on 31 Dec, 2013
- Stage Public
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Sectors
Government & Social SectorFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Official Payments Holdings, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
ACI Worldwide
& 2 more
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Employee Count
214
as on Dec 31, 2013
- Acquired by
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Products & Services of Official Payments
Official Payments offers a comprehensive portfolio of products and services, including Online Payment Platform, Payment Verification, and Customer Support. 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.
Secure platform for digital payments of taxes and bills online.
Service to verify and track completed payment transactions securely.
Assistance for inquiries on payments and account management via phone.
Funding Insights of Official Payments
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2010 | Amount | Post-IPO - Official Payments | 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 Official Payments
Official Payments has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include ACI Worldwide and Parthenon Capital. 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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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Digital payments are processed and managed via specialized solutions.
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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 Official Payments
| 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 - Official Payments
| 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 |
Official Payments Comparisons
Competitors of Official Payments
Official Payments 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 Doxo, BillGO, Papaya, Papaya Payments and Gerald, 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 |
Bill payments are managed via a mobile app for users.
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| domain | founded_year | HQ Location |
Bill payment processing solutions are provided for businesses and consumers.
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| domain | founded_year | HQ Location |
Papaya is focused on simplifying billing and payment processes.
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| domain | founded_year | HQ Location |
Mobile app for bill payments via photo capture is provided.
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| domain | founded_year | HQ Location |
Consumer bills are managed and paid via a cloud-based platform.
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| domain | founded_year | HQ Location |
Payment processing solutions for government bill collections are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Official Payments
When was Official Payments founded?
Official Payments was founded in 1994 and raised its 1st funding round 16 years after it was founded.
Where is Official Payments located?
Official Payments is headquartered in Norcross, United States. It is registered at Norcross, Georgia, United States.
How many employees does Official Payments have?
As of Dec 31, 2013, the latest employee count at Official Payments is 214.
What does Official Payments do?
Founded in 1994 and based in Norcross, United States, investments are managed across energy, automotive, and real estate sectors. Energy production is handled through dedicated groups, while tractors and automotive components are manufactured and marketed. Real estate development projects are undertaken on a significant scale. A diversified portfolio is maintained, with operations spanning various sub-areas in these industries. Social initiatives are supported via associated facilities.
Who are the top competitors of Official Payments?
What products or services does Official Payments offer?
Official Payments offers Online Payment Platform, Payment Verification, and Customer Support.
Who are Official Payments's investors?
Official Payments has 2 investors. Key investors include ACI Worldwide, and Parthenon Capital.