About Paymentus
Paymentus is a company based in Wethersfield (United States) founded in 2011 was acquired by Paymentus in August 2021. It operates as a SaaS (Software-as-a-Service), and FinTech. Paymentus has raised $35.63 million across 10 funding rounds from investors including Paymentus, Mosaik Partners and Black Dragon Capital. Paymentus offers products and services including Billing & Payments, Instant Payment Network (IPN), BillWallet, and Profit by Paymentus. Paymentus operates in a competitive market with competitors including Zeta, Tink, Apiture, Finix and Bud, among others.
- Headquarter Wethersfield, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Paymentus Corporation
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Products & Services of Paymentus
Paymentus offers a comprehensive portfolio of products and services, including Billing & Payments, Instant Payment Network (IPN), BillWallet, and Profit by Paymentus. 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.
Digital billing and payment solutions are provided for clients.
Real-time payment capabilities are offered through an integrated network.
Secure digital wallet services are provided for faster payments.
Streamlined financial management tools are offered for businesses.
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Funding Insights of Paymentus
Paymentus has successfully raised a total of $35.63M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $1000 thousand completed in February 2021. 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 10
- Last Round Series D — $999,998
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First Round
First Round
(19 Aug 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Paymentus | Valuation |
investors |
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| Jan, 2021 | Amount | Series D - Paymentus | Valuation |
investors |
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| Jun, 2020 | Amount | Series D - Paymentus | Valuation |
investors |
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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 Paymentus
Paymentus has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Paymentus, Mosaik Partners and Black Dragon Capital. 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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Capital is invested in enterprise financial technology businesses.
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Founded Year | Domain | Location | |
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Technology-focused investment firm dealing with fintech, mediatech, and e-commerce investments.
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Founded Year | Domain | Location | |
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Venture capital services for biotech, IT, and innovative sectors in Connecticut.
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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
| 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 - 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 Zeta, Tink, Apiture, Finix and Bud, 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 |
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| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Open banking APIs are delivered to financial institutions and banks.
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| domain | founded_year | HQ Location |
API-enabled platform for business payment processing is provided.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
API-based solutions for online payments and P2P transactions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 2011.
Where is Paymentus located?
Paymentus is headquartered in Wethersfield, United States. It is registered at Wethersfield, Connecticut, United States.
Is Paymentus a funded company?
Paymentus is a funded company, having raised a total of $35.63M across 10 funding rounds to date. The company's 1st funding round was a Series D of $1000K, raised on Aug 19, 2011.
What does Paymentus do?
Billing and payment solutions are delivered by Paymentus to over 2,500 clients across sectors such as utilities, healthcare, telecom, and financial institutions. Digital payment hubs and real-time money movement capabilities are offered through the Instant Payment Network (IPN). Comprehensive solutions for business financial operations, including accounts receivable and payable, are provided. Consumer-centric payment experiences are enhanced with multiple channels and methods. Services are extended to public sector, education, and nonprofit organizations for streamlined payment processes.
What products or services does Paymentus offer?
Paymentus offers Billing & Payments, Instant Payment Network (IPN), BillWallet, and Profit by Paymentus.
Who are Paymentus's investors?
Paymentus has 8 investors. Key investors include Paymentus, Mosaik Partners, Black Dragon Capital, Connecticut Innovations, and Ironwood Capital.
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