About PaymentSpring
PaymentSpring is a Financial Services company based in Omaha (United States) founded in 2012, and was acquired by Nelnet in January 2017. A PCI-compliant payment gateway API for developers is provided. Its chief executive, as recorded, is Mike Phelan. PaymentSpring offers products and services including Payment Processing, Tuition Management, and ACH Processing. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is Nelnet Payment Services, LLC. Its competitors include PayPal, Stripe and PaySimple; 3 of its 3 listed competitors have raised funding.
Company details
PaymentSpring is a PCI level 1 compliant payment gateway API provider. It supports recurring billing, invoicing, card vaulting, tokenization, and mobile-first services. It was launched by marketing company Firespring as a payment enabler for non-profits, but was later acquired by Nelnet in January 2017 and pivoted to its current model.
Products & Services of PaymentSpring
PaymentSpring offers a comprehensive portfolio of products and services, including Payment Processing, Tuition Management, and ACH Processing.
Secure platform for handling electronic transactions and compliance.
System for managing school payments and enrollment processes.
Automated clearing house services for direct fund transfers.
Investors in PaymentSpring
PaymentSpring has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nelnet.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Nelnet is engaged in student loan servicing and consumer finance. | nelnet.com | Lincoln, United States |
Investor details for PaymentSpring
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- Complete investor list
- Round participation
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People of PaymentSpring
1 people are tracked at PaymentSpring (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mike Phelan | CEO & President | Leadership |
Complete people profiles for PaymentSpring
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- Team structure
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Timeline of PaymentSpring
2 dated milestones of PaymentSpring across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PaymentSpring is founded.
- Exit Acquired by Nelnet.
Competitors of PaymentSpring
PaymentSpring has 3 listed competitors in our database, 3 of them funded. They include PayPal, Stripe and PaySimple.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paypal.com | 1998 | San Jose, United States | $216M | 27,200 | Online payment solutions are offered to consumers and businesses. | |
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| paysimple.com | 2006 | Denver, United States | $137.29M | 3,016 | Online payment and invoicing solutions are offered to small businesses. |
Detailed competitors of PaymentSpring
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- Full competitor set
- Operating metrics
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Web traffic of PaymentSpring
The website of PaymentSpring (paymentspring.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 35% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as PaymentSpring (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about PaymentSpring
PaymentSpring was founded in 2012.
PaymentSpring is headquartered in Omaha, United States. It is registered at Omaha, Nebraska, United States.
Mike Phelan is the CEO of PaymentSpring, as recorded in our data.
PaymentSpring is a PCI level 1 compliant payment gateway API provider. It supports recurring billing, invoicing, card vaulting, tokenization, and mobile-first services. It was launched by marketing company Firespring as a payment enabler for non-profits, but was later acquired by Nelnet in January 2017 and pivoted to its current model.
PaymentSpring offers Payment Processing, Tuition Management, and ACH Processing.
PaymentSpring has 1 investor. Key investors include Nelnet.
PaymentSpring operates through Nelnet Payment Services, Llc.
Yes. PaymentSpring was acquired by Nelnet in January 2017.