About optile
optile is a Financial Services company based in Munchen (Germany) founded in 2010 by Daniel Smeds, and was acquired by Payoneer in December 2019. It operates as an API-linked payment gateway with routing solutions. The company has 70 employees. Its chief executive is Daniel Smeds. The company was acqui-hired. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is Payoneer Germany GmbH. Its competitors include Stripe, Square, Flutterwave, PayU and Mollie and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Optile provides an API-linked payment gateway for merchants to accept payments online. Features of the gateway include a dashboard for transaction monitoring, encrypted payments, customized payment pages, and payment denial management. Offers routing solutions such as least cost routing to reduce costs and fixed order routing to increase payment acceptance. Additional solutions include white-label wallet solutions for merchants. PCI DSS compliant.
- Headquarters Munchen, Germany
- Employees 70
- Founders Daniel Smeds
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website optile.net
- Social LinkedIn X Facebook
- Acquired by Payoneer (Dec 2019)
- Legal Name Payoneer Germany Gmbh
Investors in optile
optile has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Payoneer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cross-border payments are enabled for businesses via diverse payout methods. | 2005 | payoneer.com | New York, United States |
Investor details for optile
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People of optile
1 people are tracked at optile (1 in leadership); the tracked headcount is 70.
| Name | Role | Group |
|---|---|---|
Daniel Smeds | Founder & CEO | Leadership |
Complete people profiles for optile
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Timeline of optile
2 dated milestones of optile across 9 years, from founding to its latest funding, stage changes and deals.
- Founded optile is founded.
- Exit Acquired by Payoneer.
Competitors of optile
optile has 7 listed competitors in our database, 7 of them funded. They include Stripe, Square, Flutterwave, PayU and Mollie, among others.
| 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. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mollie.com | 2004 | Amsterdam, Netherlands | $940M | – | Online payment solutions are provided for businesses via API. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| codapayments.com | 2011 | Singapore | $695.2M | – | Provides payment processing, customizable stores, and marketplace for digital goods. |
Detailed competitors of optile
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as optile (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
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 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Optile
Complete news archive for optile
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Frequently Asked Questions about optile
optile was founded in 2010.
optile is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Daniel Smeds is the current CEO of optile. They have also founded this company.
optile has 70 employees.
Optile provides an API-linked payment gateway for merchants to accept payments online. Features of the gateway include a dashboard for transaction monitoring, encrypted payments, customized payment pages, and payment denial management. Offers routing solutions such as least cost routing to reduce costs and fixed order routing to increase payment acceptance. Additional solutions include white-label wallet solutions for merchants. PCI DSS compliant.
optile's top competitors include Stripe, PayU and Flutterwave.
optile has 1 investor. Key investors include Payoneer.
optile operates through Payoneer Germany Gmbh.
Yes. optile was acquired by Payoneer in December 2019.