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
*********
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Website
*********
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Social
*********
- Legal Name Paytronix Systems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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. 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.
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
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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 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $10.0M
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First Round
First Round
(22 Jan 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Debt – Conventional - Paytronix | Valuation |
investors |
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| Apr, 2020 | Amount | Private Equity Round - Paytronix | Valuation | Great Hill Partners | |
| Jan, 2018 | Amount | Private Equity Round - Paytronix | Valuation | Great Hill Partners |
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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 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. 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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Business acquisitions are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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Founded Year | Domain | Location | |
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TR
Tim Ridgley |
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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 Paytronix
Paytronix has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OpenDining and Paytronix. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of online ordering solutions for restaurants
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2009 | ||||
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Online ordering solutions for restaurant businesses are provided.
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2009 |
| 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 - Paytronix
| 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 |
Paytronix Comparisons
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. 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 |
Restaurant operations are managed via a cloud-based platform.
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| domain | founded_year | HQ Location |
Olo is recognized as a restaurant technology platform provider.
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| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Delivery channels management software is provided for restaurants.
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| domain | founded_year | HQ Location |
SaaS solutions for restaurant online ordering and analytics are offered.
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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 Paytronix
Frequently Asked Questions about Paytronix
When was Paytronix founded?
Paytronix was founded in 2001 and raised its 1st funding round 17 years after it was founded.
Where is Paytronix located?
Paytronix is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Is Paytronix a funded company?
Paytronix is a funded company, having raised a total of $75M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $65M, raised on Jan 22, 2018.
How many employees does Paytronix have?
As of Dec 31, 2022, the latest employee count at Paytronix is 234.
What does Paytronix do?
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.
Who are the top competitors of Paytronix?
Paytronix's top competitors include Toast, UrbanPiper and SpotOn.
What products or services does Paytronix offer?
Paytronix offers Online Ordering, Loyalty Programs, CRM, and Payments.
How many acquisitions has Paytronix made?
Paytronix has made 2 acquisitions, including OpenDining, and Paytronix.
Who are Paytronix's investors?
Paytronix has 4 investors. Key investors include The Access Group, SVB, Great Hill Partners, and Tim Ridgley.
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