About Payen
Payen is a company based in London (United Kingdom) founded in 2010 by Alexander MacAngus and Richard Smith was acquired by Souter Investments in November 2018.. Payen has raised $12.86 million across 1 funding round from investors including Magenta Partners and Souter Investments. The company has 24 employees as of March 31, 2022. Payen offers products and services including Payen Platform and pinPay. Payen operates in a competitive market with competitors including Stripe, Square, Flutterwave, PayU and Mollie, among others.
- Headquarter London, United Kingdom
- Employees 24 as on 31 Mar, 2022
- Founders Alexander MacAngus, Richard Smith
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Payen Limited
- Date of Incorporation 03 Nov, 2010
- Jurisdiction LONDON
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Annual Revenue
$19.6 M (USD)40as on Mar 31, 2018
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Net Profit
$-364.62 K (USD)-151as on Mar 31, 2018
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EBITDA
$-476.08 K (USD)-185as on Mar 31, 2018
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Total Equity Funding
$12.86 M (USD)
in 1 rounds
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Latest Funding Round
$12.86 M (USD), Series B
Aug 01, 2017
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Investors
Magenta Partners
& 1 more
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Employee Count
24
as on Mar 31, 2022
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Acquired by
Souter Investments
(Nov 01, 2018)
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Products & Services of Payen
Payen offers a comprehensive portfolio of products and services, including Payen Platform and pinPay. 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 and cross-border transactions.
Service for simplified and compliant payment processing.
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Leadership Team
2 people
Data Analysis and Operations Team
1 people
Software Development Team
1 people
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Funding Insights of Payen
Payen has successfully raised a total of $12.86M through 1 strategic funding round. The most recent funding activity was a Series B round of $12.86 million completed in August 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 Total Funding
- Total Rounds 1
- Last Round Series B — $12.9M
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First Round
First Round
(01 Aug 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series B - Payen | Valuation | Magenta Partners |
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| 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 Payen
Payen has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Magenta Partners and Souter Investments. 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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Magenta Partners is engaged in providing equity investments for growth businesses.
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Founded Year | Domain | Location | |
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Souter Investments is engaged in private equity investments.
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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 Payen
| 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 - Payen
| 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 |
Payen Comparisons
Competitors of Payen
Payen 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 Stripe, Square, Flutterwave, PayU and Mollie, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are provided for businesses via API.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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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 Payen
When was Payen founded?
Payen was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is Payen located?
Payen is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Payen?
Alexander MacAngus is the current CEO of Payen. They have also founded this company.
Is Payen a funded company?
Payen is a funded company, having raised a total of $12.86M across 1 funding round to date. The company's 1st funding round was a Series B of $12.86M, raised on Aug 01, 2017.
How many employees does Payen have?
As of Mar 31, 2022, the latest employee count at Payen is 24.
What is the annual revenue of Payen?
Annual revenue of Payen is $19.6M as on Mar 31, 2018.
What does Payen do?
Payen provides a digital payment solution for businesses. It enables merchants to accept payments from VISA, Mastercard, Skrill, CUP, PayPal, etc. Features multi-currency payments, hosted payment page, payment transfers, overseas payment processing, reduction in the number of transactions abandoned.
Who are the top competitors of Payen?
Payen's top competitors include Stripe, PayU and Flutterwave.
What products or services does Payen offer?
Payen offers Payen Platform and pinPay.
Who are Payen's investors?
Payen has 2 investors. Key investors include Magenta Partners, and Souter Investments.