About Paymentus
Paymentus is a company based in Atlanta (United States) founded in 2004.. Paymentus has raised $23.6 million across 2 funding rounds from investors including Accel-KKR, GrowthWorks Capital and Relay Ventures. The company has 1,310 employees as of December 31, 2024. Paymentus has completed 3 acquisitions, including Billeo, Finovera and Paymentus. Paymentus operates in a competitive market with competitors including Billtrust, PaySimple, PayStand, AffiniPay and PayLease, among others.
- Headquarter Atlanta, United States
- Employees 1310 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paymentus Holdings, Inc.
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Annual Revenue
$871.75 M41.86as on Dec 31, 2024
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Net Profit
$44.17 M97.87as on Dec 31, 2024
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EBITDA
$81.34 M67.05as on Dec 31, 2024
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Total Equity Funding
$23.6 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series B
Sep 15, 2011
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Investors
Accel-KKR
& 2 more
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Employee Count
1310
as on Dec 31, 2024
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Investments & Acquisitions
Billeo
& 2 more
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IPO & Listings of Paymentus
Paymentus is a publicly listed company on the NYSE with ticker symbol PAY in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
56 people
Sales and Marketing
40 people
Leadership Team
29 people
Senior Team
22 people
Finance and Accounting
11 people
Customer Team
11 people
Product Management Team
9 people
Full Team
7 people
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Funding Insights of Paymentus
Paymentus has successfully raised a total of $23.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in September 2011. 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 2
- Last Round Series B — $20.0M
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First Round
First Round
(10 Aug 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Series B - Paymentus | Valuation | Accel-KKR |
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| Aug, 2007 | Amount | Series A - Paymentus | 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 Paymentus
Paymentus has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Accel-KKR, GrowthWorks Capital and Relay 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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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location | |
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Stage-agnostic sector-agnostic VC firm investing in Canada and the US
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Relay Ventures.
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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 Paymentus
Paymentus has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Billeo, Finovera and Paymentus. 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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Electronic billing and payment solutions are provided for multiple sectors.
|
2011 | ||||
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ePayment solutions are delivered to financial institutions via cloud platform.
|
2011 | ||||
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Ad commerce platform for direct purchases from advertisements.
|
2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Paymentus
| 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 |
Paymentus Comparisons
Competitors of Paymentus
Paymentus 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 Billtrust, PaySimple, PayStand, AffiniPay and PayLease, 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 |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Online payment and invoicing solutions are offered to small businesses.
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| domain | founded_year | HQ Location |
Self-hosted payment pages for B2B invoices are offered.
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| domain | founded_year | HQ Location |
Payment solutions are offered to the property management sector.
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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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Latest news on Paymentus
Frequently Asked Questions about Paymentus
When was Paymentus founded?
Paymentus was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Paymentus located?
Paymentus is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Paymentus a funded company?
Paymentus is a funded company, having raised a total of $23.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.6M, raised on Aug 10, 2007.
How many employees does Paymentus have?
As of Dec 31, 2024, the latest employee count at Paymentus is 1,310.
What is the annual revenue of Paymentus?
Annual revenue of Paymentus is $871.75M as on Dec 31, 2024.
What does Paymentus do?
Paymentus is a billing and payment solution provider which enables billers to send bills via electronic channels like web, mobile, IVR etc. and receive payments via different methods such as web, mobile app, SMS, IVR, iPad-based payment kiosks etc. It also provides a host of other services to clients such as managing and paying multiple bills, payment processing, self-serice portal, business intelligence analytics and customer communication. Paymentus platform can be integrated with any existing billing system. It boasts over 1000 clients in North America from various domains like utilities, government, healthcare, insurance and financial services.
Who are the top competitors of Paymentus?
Is Paymentus publicly traded?
Yes, Paymentus is publicly traded on NYSE under the ticker symbol PAY.
How many acquisitions has Paymentus made?
Who are Paymentus's investors?
Paymentus has 3 investors. Key investors include Accel-KKR, GrowthWorks Capital, and Relay Ventures.
What is Paymentus's ticker symbol?
The ticker symbol of Paymentus is PAY on NYSE.
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