About PayEx
PayEx is a company based in Visby (Sweden) founded in 1972 was acquired by Swedbank in May 2017.. PayEx has completed 2 acquisitions, including OKB and WyWallet. PayEx offers products and services including Invoicing and Factoring.
- Headquarter Visby, Sweden
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- Legal Name Payex Group
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Products & Services of PayEx
PayEx offers a comprehensive portfolio of products and services, including Invoicing and Factoring. 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.
Invoicing services are provided to assist with all aspects of the invoicing process for businesses of varying sizes.
Factoring services are offered to enhance business liquidity and enable faster investments through financial support.
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Funding Insights of PayEx
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - PayEx | Valuation | Xendit |
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| Apr, 2014 | Amount | Grant - PayEx | Valuation |
investors |
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| Jun, 2000 | Amount | Unspecified - PayEx | 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 PayEx
PayEx has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Xendit, Swedbank and European Union. 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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Vestland Group is engaged in technology-focused venture investments.
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Founded Year | Domain | Location | |
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Online payment and money transfer platform for businesses
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 PayEx
PayEx has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OKB and WyWallet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile wallet app for payments, transfers, and shopping is offered.
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2011 | ||||
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Web development and ecommerce solution provider
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PayEx
| 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 |
Payex Comparisons
Competitors of PayEx
| 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 PayEx
When was PayEx founded?
PayEx was founded in 1972 and raised its 1st funding round 28 years after it was founded.
Where is PayEx located?
PayEx is headquartered in Visby, Sweden. It is registered at Visby, Gotland, Sweden.
What does PayEx do?
PayEx was founded in 1972 in Visby, Sweden, within the financial services sector. Ledger management, factoring, and payment solutions are offered to support business operations. Invoicing services are provided, alongside factoring for liquidity enhancement and retail financing options. E-commerce payments, terminal support, and loyalty programs are included in the portfolio. Multiple payment methods are accommodated for both online and physical transactions across various markets.
What products or services does PayEx offer?
PayEx offers Invoicing and Factoring.
Who are PayEx's investors?
PayEx has 4 investors. Key investors include Xendit, Swedbank, European Union, and Vestland Group.
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