About Paytron
Paytron is a Technology company based in Sydney (Australia) founded in 2020 by Jaco Veldsman and Francois Henrion, and was acquired by OFX in June 2023. Payment processing solutions are offered to businesses for various transactions. It operates in the Technology and Financial Services sectors. Paytron has raised $250 thousand across 1 funding round from investors including OFX, x15ventures and OLXTOTO. Its focus areas include FinTech, Payments, Business Payments and Mass Payouts. Its competitors include Slyp, Zai and BPAY; 2 of its 3 listed competitors have raised funding.
Company details
Paytron was founded in 2020 in Sydney, Australia, as a fintech company focused on payment processing. Services include invoice payments, batch payables, card processing, international transfers, and corporate cards for employee expenses. These solutions are tailored for businesses and accountants to handle financial operations efficiently. The company operates primarily in the payments sector, supporting domestic and cross-border activities from its Australian base.
- Headquarters Sydney, Australia
- Founders Jaco Veldsman, Francois Henrion
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paytron.com
- Social LinkedIn X Facebook
- Acquired by OFX (Jun 2023)
Funding Insights of Paytron
Paytron has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in October 2022. 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 $250,000
- Total Rounds 1
- Last Round Seed — $250,000
- First Round $250,000
(Oct 2022)
- Investors Count 1
All 1 funding rounds of Paytron 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 |
|---|---|---|---|---|---|
| Oct 2022 | $250,000 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Paytron
Paytron has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include OFX, x15ventures and OLXTOTO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are built across sectors in a studio model. | x15ventures.com.au | Sydney, Australia | ||
International money transfer service provider. | 1998 | ofx.com | Sydney, Australia | |
OLXTOTO is operated as an online gambling platform. | ausa-corp.com |
Investor details for Paytron
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Paytron
2 people are tracked at Paytron (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jaco Veldsman | Co-Founder | Leadership |
Francois Henrion | Co-Founder | Leadership |
Complete people profiles for Paytron
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Timeline of Paytron
4 dated milestones of Paytron across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Paytron is founded.
- Exit Acquired by Australis Capital.
- Funding First funding round of $250K.
- Exit Acquired by OFX.
Competitors of Paytron
Paytron has 3 listed competitors in our database, 2 of them funded. They include Slyp, Zai and BPAY.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| slyp.com.au | 2017 | Sydney, Australia | $34.52M | Customer engagement and loyalty solutions for retailers are provided. | ||
| hellozai.com | 2009 | Melbourne, Australia | $12.25M | API-enabled payment workflows are provided for B2B platforms and fintechs. | ||
| bpay.com.au | 1997 | Sydney, Australia | Secure platform for online bill payments via banking services. |
Detailed competitors of Paytron
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Related news about Paytron
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Frequently Asked Questions about Paytron
Paytron was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Paytron is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Paytron is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Oct 2022.
Paytron was founded in 2020 in Sydney, Australia, as a fintech company focused on payment processing. Services include invoice payments, batch payables, card processing, international transfers, and corporate cards for employee expenses. These solutions are tailored for businesses and accountants to handle financial operations efficiently. The company operates primarily in the payments sector, supporting domestic and cross-border activities from its Australian base.
Paytron has 3 investors. Key investors include OFX, x15ventures, and OLXTOTO.
Yes. Paytron was acquired by OFX in June 2023.