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
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paynetics Uk Limited
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Annual Revenue
$358.42 K (USD)4301as on Dec 31, 2021
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Net Profit
$-858.68 K (USD)-84as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$2.74 M (USD)
in 1 rounds
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Latest Funding Round
$2.74 M (USD), Seed
Mar 27, 2020
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Investors
Bulgarian-American Credit Bank
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Greenfin
& 1 more
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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. 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.
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.
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.7M
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First Round
First Round
(27 Mar 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Seed - Paynetics | Valuation | New Vision 3 Fund , Bulgarian-American Credit Bank |
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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 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. 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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Founded Year | Domain | Location | |
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Commercial bank
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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 Paynetics
Paynetics has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Greenfin and phyre. 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
|
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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Payment processing and merchant accounts are offered to sustainable businesses.
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2020 | ||||
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Mobile-based financial services and digital wallet are offered.
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2016 |
| 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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paynetics
| 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 |
Paynetics Comparisons
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. 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 |
Payment services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing, POS and Gift Card services
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment solutions for businesses are provided by Worldline Global.
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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 Paynetics
Frequently Asked Questions about Paynetics
When was Paynetics founded?
Paynetics was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Where is Paynetics located?
Paynetics is headquartered in Sofia, Bulgaria.
Is Paynetics a funded company?
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 27, 2020.
What is the annual revenue of Paynetics?
Annual revenue of Paynetics is $358.42K as on Dec 31, 2021.
What does Paynetics do?
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.
Who are the top competitors of Paynetics?
Paynetics's top competitors include Worldpay, Adyen and Euronet Worldwide.
What products or services does Paynetics offer?
Paynetics offers Payment Accounts, Card Issuing, Card Acquiring, Open Banking, and Embedded Finance.
How many acquisitions has Paynetics made?
Who are Paynetics's investors?
Paynetics has 2 investors. Key investors include Bulgarian-American Credit Bank, and New Vision 3 Fund.