About Paynetics
Paynetics is a company based in Sofia (Bulgaria) founded in 2005. Paynetics has raised $2.74 million across 1 funding round from investors including Bulgarian-American Credit Bank and New Vision 3 Fund. Paynetics has completed 2 acquisitions, including Greenfin and phyre. Paynetics offers products and services including Payment Accounts, Card Issuing, Card Acquiring, Open Banking, and Embedded Finance. Paynetics operates in a competitive market with competitors including Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
- Headquarter Sofia, Bulgaria
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paynetics.digital
- Social LinkedIn Facebook
- Legal Name Paynetics Uk Limited
- Annual Revenue$358.42 K (USD)4301as on Dec 31, 2021
- Net Profit-$858.68 K (USD)-84as on Dec 31, 2021
- Total Equity Funding$2.74M (USD)
in 1 rounds
- Latest Funding Round$2.74M (USD), Seed
Mar 2020
- InvestorsBulgarian-American Credit Bank
& 1 more
- Investments & AcquisitionsGreenfin
& 1 more
Products & Services of Paynetics
Paynetics offers a comprehensive portfolio of products and services, including Payment Accounts, Card Issuing, Card Acquiring, Open Banking, and Embedded Finance.
Manages individual and business accounts with dedicated IBANs.
Issues virtual and physical cards for payments and integrations.
Handles e-commerce and POS acquiring for transactions.
Provides PISP and AISP services for payment initiation.
Enables finance embedding in apps via APIs and SDKs.
Funding Insights of Paynetics
Paynetics has successfully raised a total of $2.74M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.74 million completed in March 2020. 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 $2.74M
- Total Rounds 1
- Last Round Seed — $2.74M
- First Round $2.74M
(Mar 2020)
- Investors Count 2
All 1 funding rounds of Paynetics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2020 | $2.74M | Seed | – | New Vision 3 Fund, Bulgarian-American Credit Bank | – |
2 investors in total: 2 institutional.
Investors in Paynetics
Paynetics has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bulgarian-American Credit Bank and New Vision 3 Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | newvision3.com | - | |
Commercial bank | 1996 | bacb.bg | Sofia, Bulgaria |
Investor details for Paynetics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Paynetics
19 people are tracked at Paynetics (8 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Janet Johnston | Head Of Compliance & Risk Paynetics UK | Leadership |
Dian Nedelchev | Chief Technology Officer | Leadership |
Konstantin Djelebov | Chief Product Officer | Leadership |
Valeri Valtchev | Chief Executive Officer | Leadership |
Kaloyan Tonchev | Deputy CEO | Leadership |
Zakiyah M. | Chief Risk And Compliance Officer, MLRO & Data Protection Officer | Leadership |
Plamen Tsonev | Partner Delivery Manager | Leadership |
Stanka Mladenova | Administrative Director | Leadership |
Ralitsa Ivanova | Risk And Monitoring Team Lead | Team |
Peter Rahnev | Infrastructure Architect | Team |
Galina Petrova | Risk And Monitoring Specialist | Team |
Ivaylo Enchev | Member Of Internal AML Unit | Team |
Albena Gerginova | Strategic Operations Manager | Team |
Nikolay Denev | Information Technology Business Analyst | Team |
Zahari Palazov | Software Engineer | Team |
Silviya Ruzhina | Business Analyst/project Manager | Team |
Desislava Doykina | Payments Specialist | Team |
Gabriela Dobreva | Senior Compliance Officer | Team |
Ralitsa Kostova | Manager Underwriting And KYC Teams | Team |
Complete people profiles for Paynetics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Paynetics
Paynetics has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Greenfin and phyre.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment processing and merchant accounts are offered to sustainable businesses. | greenfin.uk | Liverpool, United Kingdom | 2020 | Mar 2024 | •••• | |
Mobile-based financial services and digital wallet are offered. | phyreapp.com | Sofia, Bulgaria | 2016 | May 2023 | •••• |
Complete acquisition details for Paynetics
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Competitors of Paynetics
Paynetics 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 Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| worldpay.com | 1993 | London, United Kingdom | $18M | 1,671 | Payment services and analytics solutions are provided for businesses. | |
| heartlandpaymentsystems.com | 1997 | Princeton, United States | $40M | – | Payment processing, POS and Gift Card services | |
| euronetworldwide.com | 1994 | Leawood, United States | – | 10,000 | Electronic payments and transaction processing solutions are offered globally. | |
| adyen.com | 2006 | Amsterdam, Netherlands | $266M | 67 | Payment issuance and processing solutions are provided for businesses. | |
| marqeta.com | 2010 | Oakland, United States | $528.11M | 854 | Card-issuing and payment processing solutions are offered to businesses. | |
| worldline.com | 1970 | Bezons, France | – | 1,498 | Payment solutions for businesses are provided by Worldline Global. | |
| cielo.com.br | 1995 | Barueri, Brazil | – | 13,347 | Merchant acquiring and card processing services are provided in Brazil. | |
| elavon.com | 1991 | Atlanta, United States | – | – | Merchant service provider | |
| evopayments.com | 1989 | Atlanta, United States | – | – | Global payment solutions are provided by EVO Payments, Inc. |
Detailed competitors of Paynetics
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Paynetics
The website of Paynetics (paynetics.digital) receives about 4.2K visits a month.
- Monthly visits4.2K
▼ 23% vs previous month
Websites whose visitors overlap most with Paynetics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ecospend.com | 100% | 1.4M | #63,306 | View details | |
| globalpayments.com | 79% | 361.1K | #130,299 | View details | |
| edenred.com | 79% | 978.2K | #31,966 | View details | |
| fibonatix.com | 47% | – | #1,559,689 | View details | |
| nexigroup.com | 47% | 12.9M | #4,161 | View details |
Latest news on Paynetics
Complete news archive for Paynetics
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Paynetics
10 companies that operate in the same segment as Paynetics (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Paynetics
Paynetics was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Paynetics is headquartered in Sofia, Bulgaria.
Paynetics is a funded company, having raised a total of $2.74M across 1 funding round to date. The company's 1st funding round was a Seed of $2.74M, raised on Mar 2020.
Annual revenue of Paynetics is $358.42K as on Dec 31, 2021.
Paynetics was founded in 2005 in Sofia, Bulgaria, as a platform in the fintech payments sector. Issuer processing services are offered for B2B and B2C solutions, including the issuance of prepaid cards and e-wallets. Money transfers between users are facilitated through the e-wallet, which is linked to a virtual prepaid card for offline payments. Physical prepaid cards are also issued for both online and offline purchases.
Paynetics's top competitors include Worldpay, Adyen and Euronet Worldwide.
Paynetics offers Payment Accounts, Card Issuing, Card Acquiring, Open Banking, and Embedded Finance.
Paynetics has 2 investors. Key investors include Bulgarian-American Credit Bank, and New Vision 3 Fund.
Paynetics operates through Paynetics Uk Limited.