About Pay-O-Matic
Pay-O-Matic is a company based in Syosset (United States) founded in 1950 was acquired by Founders Equity in January 2008.. Pay-O-Matic offers products and services including Check Cashing, inPOWER Prepaid Mastercard, and Western Union Money Transfers. Pay-O-Matic operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Syosset, United States
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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
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- Legal Name The Pay-O-Matic Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Quilvest Private Equity
& 1 more
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Employee Count
Employee Count
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Acquired by
Founders Equity
(Jan 16, 2008)
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Products & Services of Pay-O-Matic
Pay-O-Matic offers a comprehensive portfolio of products and services, including Check Cashing, inPOWER Prepaid Mastercard, and Western Union Money Transfers. 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.
Service for securely cashing personal and business checks.
Prepaid card for managing money and transactions securely.
Platform for sending and receiving money transfers.
Funding Insights of Pay-O-Matic
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2008 | Amount | Private Equity Round - Pay-O-Matic | 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 Pay-O-Matic
Pay-O-Matic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Quilvest Private Equity and Founders Equity. 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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PE firm backed by quilvest group
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Founded Year | Domain | Location | |
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Investment proposals are facilitated by Founders Equity for stakeholders.
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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 Pay-O-Matic
| 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 - Pay-O-Matic
| 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 |
Pay-O-Matic Comparisons
Competitors of Pay-O-Matic
Pay-O-Matic 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 Stripe, PayPal, Flutterwave, Square and Wright Express, 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 processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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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 Pay-O-Matic
Frequently Asked Questions about Pay-O-Matic
When was Pay-O-Matic founded?
Pay-O-Matic was founded in 1950 and raised its 1st funding round 58 years after it was founded.
Where is Pay-O-Matic located?
Pay-O-Matic is headquartered in Syosset, United States. It is registered at Syosset, New York, United States.
Who is the current CEO of Pay-O-Matic?
Jay Guskind is the current CEO of Pay-O-Matic.
What does Pay-O-Matic do?
Pay-O-Matic was founded in 1950 and is headquartered in Syosset, United States. Financial services are offered in the payment sector, including check cashing, business check cashing, Western Union money transfers, money orders, and bill payments. Prepaid cards, direct deposits, withdrawals, and other deposit services are also available. A mobile app is provided for cardholders to monitor balances. Operations focus on New York locations.
Who are the top competitors of Pay-O-Matic?
Pay-O-Matic's top competitors include Stripe, PayU and Flutterwave.
What products or services does Pay-O-Matic offer?
Pay-O-Matic offers Check Cashing, inPOWER Prepaid Mastercard, and Western Union Money Transfers.
Who are Pay-O-Matic's investors?
Pay-O-Matic has 2 investors. Key investors include Quilvest Private Equity, and Founders Equity.
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