About Payroc
Payroc is a company based in Chicago (United States) founded in 2003.. Payroc has raised $14.34 million across 2 funding rounds. The company has 37 employees as of December 31, 2022. Payroc has completed 17 acquisitions, including ACHeck21, Atlantic Merchant and Beanstalk Payment Technologies. Payroc operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and PayU, among others.
- Headquarter Chicago, United States
- Employees 37 as on 31 Dec, 2022
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.34 M (USD)
in 2 rounds
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Latest Funding Round
$3.41 M (USD), Series A
Feb 05, 2018
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Investors
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Employee Count
37
as on Dec 31, 2022
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Investments & Acquisitions
ACHeck21
& 16 more
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Funding Insights of Payroc
Payroc has successfully raised a total of $14.34M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.41 million completed in February 2018. 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 2
- Last Round Series A — $3.4M
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First Round
First Round
(01 Oct 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series A - Payroc | Valuation |
investors |
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| Oct, 2016 | Amount | Series A - Payroc | 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 |
Investments & Acquisitions by Payroc
Payroc has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include ACHeck21, Atlantic Merchant and Beanstalk Payment Technologies. 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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Provider of payment processing services
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2022 | ||||
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API-based payment gateway is provided for online transactions.
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2015 | ||||
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E-Checks are facilitated for business payment processing.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Payroc
| 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 |
Payroc Comparisons
Competitors of Payroc
Payroc 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 PayU, 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 |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing and treasury management solutions are offered to 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 Payroc
Frequently Asked Questions about Payroc
When was Payroc founded?
Payroc was founded in 2003 and raised its 1st funding round 13 years after it was founded.
Where is Payroc located?
Payroc is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Payroc?
James Oberman is the current CEO of Payroc.
Is Payroc a funded company?
Payroc is a funded company, having raised a total of $14.34M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10.94M, raised on Oct 01, 2016.
How many employees does Payroc have?
As of Dec 31, 2022, the latest employee count at Payroc is 37.
What does Payroc do?
Founded in 2003 and based in Chicago, United States, Payroc operates in the financial technology sector. Payment gateways, POS terminals, reward-based payments, and open banking APIs are provided to facilitate transactions. Credit and debit card payments, bank transfers, and digital wallets are supported for merchants. Operations focus on enabling secure and efficient payment handling across various business needs.
Who are the top competitors of Payroc?
Payroc's top competitors include Stripe, PayU and Flutterwave.
How many acquisitions has Payroc made?
Payroc has made 17 acquisitions, including ACHeck21, Atlantic Merchant, and Beanstalk Payment Technologies.
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