About Payme
Payme is a company based in Wetherby (United Kingdom) founded in 2011 was acquired by IPE Ventures in June 2018. It operates as a Managed Services. The company has 1,023 employees as of March 31, 2020. Payme offers products and services including Umbrella PAYE, CIS Payroll, and PEO Payroll. Payme operates in a competitive market with competitors including Azets, XTM, Wage, Resourcing Edge and InfoSync, among others.
- Headquarter Wetherby, United Kingdom
- Employees 1023 as on 31 Mar, 2020
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Payme Ltd
- Date of Incorporation 09 Sep, 2011
- Jurisdiction WETHERBY, ENGLAND
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Annual Revenue
$69.84 M (USD)34as on Mar 31, 2021
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Net Profit
$382.45 K (USD)12899as on Mar 31, 2021
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
1023
as on Mar 31, 2020
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Acquired by
IPE Ventures
(Jun 01, 2018)
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Products & Services of Payme
Payme offers a comprehensive portfolio of products and services, including Umbrella PAYE, CIS Payroll, and PEO Payroll. 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.
Payroll services are provided for contractors' peace of mind.
CIS payroll services are offered for eligible contractors.
PEO services are designed for agencies' payroll needs.
Funding Insights of Payme
| 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 Payme
Payme has secured backing from 1 investor. Prominent investors backing the company include IPE Ventures. 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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IPE Ventures is focused on investment in recruitment and payroll sectors.
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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 Payme
| 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 - Payme
| 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 |
Payme Comparisons
Competitors of Payme
Payme 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 Azets, XTM, Wage, Resourcing Edge and InfoSync, 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 |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
On-demand payment solutions are provided for service industry businesses.
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| domain | founded_year | HQ Location |
Payroll management services are provided to businesses.
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| domain | founded_year | HQ Location |
Human capital management solutions are delivered to enterprises.
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| domain | founded_year | HQ Location |
Accounting, payroll, and reporting services for restaurants are provided.
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| domain | founded_year | HQ Location |
Functions as an online firm providing payroll and HR services.
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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 Payme
When was Payme founded?
Payme was founded in 2011.
Where is Payme located?
Payme is headquartered in Wetherby, United Kingdom. It is registered at Wetherby, West Yorkshire, United Kingdom.
How many employees does Payme have?
As of Mar 31, 2020, the latest employee count at Payme is 1,023.
What is the annual revenue of Payme?
Annual revenue of Payme is $69.84M as on Mar 31, 2021.
What does Payme do?
Payroll and contracting solutions are offered by Payme to support contractors and recruitment agencies. Services including Umbrella PAYE, CIS Payroll, and PEO Payroll are designed to ensure compliance with legislation. The focus is placed on maximizing contractor income and minimizing agency workload. A commitment to high-quality customer service is maintained across all offerings. Operations are centered in the business services sector, specifically targeting payroll needs for flexible employment arrangements.
What products or services does Payme offer?
Payme offers Umbrella PAYE, CIS Payroll, and PEO Payroll.
Who are Payme's investors?
Payme has 1 investor. Key investors include IPE Ventures.