About Paytronix
Paytronix is a company based in Newton (United States) founded in 2001 was acquired by The Access Group in November 2024. Paytronix has raised $75 million across 3 funding rounds from investors including The Access Group, SVB and Great Hill Partners. The company has 234 employees as of December 31, 2022. Paytronix has completed 2 acquisitions, including OpenDining and Paytronix. Paytronix offers products and services including Online Ordering, Loyalty Programs, CRM, and Payments. Paytronix operates in a competitive market with competitors including Toast, Olo, Zenput, UrbanPiper and Tillster, among others.
- Headquarter Newton, United States
- Employees 234 as on 31 Dec, 2022
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Sectors
ConsumerTechnology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Paytronix Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$75 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Private Equity Round
Apr 28, 2020
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Investors
The Access Group
& 3 more
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Employee Count
234
as on Dec 31, 2022
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Investments & Acquisitions
OpenDining
& 1 more
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Acquired by
The Access Group
(Nov 01, 2024)
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Products & Services of Paytronix
Paytronix offers a comprehensive portfolio of products and services, including Online Ordering, Loyalty Programs, CRM, and Payments.
Enables digital food ordering for restaurants and stores
Manages personalized promotions to boost repeat visits
Automates omnichannel campaigns for targeted guest engagement
Facilitates fast and secure guest payment processing
People of Paytronix
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Software Development Team
32 people
Sales and Marketing
23 people
Leadership Team
16 people
Product Management Team
8 people
Data Analysis and Operations Team
8 people
Implementation Team
6 people
Solutions Team
6 people
Senior Team
4 people
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Funding Insights of Paytronix
Paytronix has successfully raised a total of $75M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $10 million completed in April 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.
Investors in Paytronix
Paytronix has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The Access Group, SVB and Great Hill Partners.
| Investor | Description | Founded Year | Domain | Location |
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Business acquisitions are targeted by the private equity firm.
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Banking services are provided to innovative companies, investors, and individuals.
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Tim Ridgley |
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Investor details for Paytronix
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- Investor locations
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Investments & Acquisitions by Paytronix
Paytronix has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OpenDining and Paytronix.
Investment portfolio details for Paytronix
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of online ordering solutions for restaurants
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Online ordering solutions for restaurant businesses are provided.
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Locked | Locked | 2009 | Locked |
Complete acquisition details for Paytronix
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- Acquired stakes
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- Domains and locations
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Financial Statements - Paytronix
Detailed financials for Paytronix
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- Profit trends
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Paytronix Comparisons
Peer comparison for Paytronix
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Competitors of Paytronix
Paytronix 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 Toast, Olo, Zenput, UrbanPiper and Tillster, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Restaurant operations are managed via a cloud-based platform.
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Olo is recognized as a restaurant technology platform provider.
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Zenput is utilized as an operations execution platform for multi-unit operators.
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Delivery channels management software is provided for restaurants.
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SaaS solutions for restaurant online ordering and analytics are offered.
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Detailed competitors of Paytronix
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Paytronix
Complete news archive for Paytronix
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- Full article archive
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Frequently Asked Questions about Paytronix
Paytronix was founded in 2001 and raised its 1st funding round 17 years after it was founded.
Paytronix is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Paytronix is a funded company, having raised a total of $75M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Paytronix is 234.
Paytronix was founded in 2001 and is headquartered in Newton, United States. Operations focus on the restaurant and convenience store sector, where cloud-based customer experience management solutions are delivered. Mobile applications are integrated with point-of-sale systems to monitor guest behavior and display account details on cashier screens and receipts. Artificial intelligence and machine learning are utilized to analyze data and generate actionable insights, facilitating targeted offer distribution.
Paytronix's top competitors include Toast, UrbanPiper and SpotOn.
Paytronix offers Online Ordering, Loyalty Programs, CRM, and Payments.
Paytronix has made 2 acquisitions, including OpenDining, and Paytronix.
Paytronix has 4 investors. Key investors include The Access Group, SVB, Great Hill Partners, and Tim Ridgley.