About Paynet
Paynet is a company based in Istanbul (Turkey) founded in 2015 was acquired by Iyzi Payments in May 2024.. Paynet offers products and services including Sanal POS, PayPOS, PayPortal, Paynet Cep POS, and PayKredi. Paynet operates in a competitive market with competitors including Ezetap, Param, 2can, POSRocket and Kasir Pintar, among others.
- Headquarter Istanbul, Turkey
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Sectors
RetailFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Paynet Ödeme Hizmetleri A.Ş
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Iyzi Payments
(May 07, 2024)
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Products & Services of Paynet
Paynet offers a comprehensive portfolio of products and services, including Sanal POS, PayPOS, PayPortal, Paynet Cep POS, and PayKredi. 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.
Enables online card payments for businesses securely.
Facilitates contactless payments using Android devices.
Manages cash flow and transaction reporting for businesses.
Allows instant payments anytime via mobile application.
Offers credit-based payment options for customers.
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Software Development Team
4 people
Sales and Marketing
1 people
Ürün Team
1 people
Leadership Team
1 people
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Funding Insights of Paynet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Paynet
Paynet has secured backing from 1 investor. Prominent investors backing the company include Iyzi Payments. 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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Payment solutions are provided for e-commerce firms and individuals.
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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 Paynet
| 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 - Paynet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Paynet Comparisons
Competitors of Paynet
Paynet 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 Ezetap, Param, 2can, POSRocket and Kasir Pintar, 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 |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Param is recognized as an electronic money institution in Turkey.
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| domain | founded_year | HQ Location |
Card payments are enabled on smartphones for Russian merchants.
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| domain | founded_year | HQ Location |
Cloud-based POS software and hardware are supplied to offline retailers.
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| domain | founded_year | HQ Location |
Provides cloud-based mPOS software solutions for offline retailers.
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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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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 Paynet
Frequently Asked Questions about Paynet
When was Paynet founded?
Paynet was founded in 2015.
Where is Paynet located?
Paynet is headquartered in Istanbul, Turkey.
What does Paynet do?
PayNet was established in 2015 in Istanbul, Turkey, as a provider of payment and accounting solutions. PCI level 1 compliance is upheld for its payment enabling services. Operations encompass point-of-sale terminals, related software, and secure payment gateways. Integration with accounting systems and sales reporting tools are included in the offerings, supporting businesses in the fintech sector across Turkey.
Who are the top competitors of Paynet?
What products or services does Paynet offer?
Paynet offers Sanal POS, PayPOS, PayPortal, Paynet Cep POS, and PayKredi.
Who are Paynet's investors?
Paynet has 1 investor. Key investors include Iyzi Payments.
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