Paytrust

Menlo Park, United States Founded: 1998 • Age: 28 yrs Acquired By Intuit
Bill management and payment platform

About Paytrust

Paytrust is a Financial Services company based in Menlo Park (United States) founded in 1998 by Edward McLaughlin, and was acquired by Intuit in January 2005. Bill management and payment platform. Paytrust has raised $30 million across 1 funding round from investors including Intuit, Goldman Sachs and GE Capital. Its chief executive, as recorded, is Edward McLaughlin. Its focus areas include FinTech, Payments, Business Payments and Bill Payments. Its competitors include Payrailz, Aliaswire and PaymentVision; 2 of its 3 listed competitors have raised funding.

Company details

PayTrust was founded in 1998 in Menlo Park, United States, as a platform in the financial technology sector focused on bill management. Billers are added by users to their profiles, allowing upcoming bills to be tracked automatically. Notifications are sent to users prior to due dates to facilitate timely payments. Operations center on simplifying payables for individuals through digital tools.

  • Headquarters Menlo Park, United States
  • Founders Edward McLaughlin
  • Stage Acquired
  • Sectors
    Financial Services
  • Website paytrust.com
  • Acquired by Intuit (Jan 2005)
Key Metrics
  • Total Equity Funding
    $30M (USD)

    in 1 rounds

  • Latest Funding Round
    $30M (USD), Series A

    Nov 1999

  • Investors
    Intuit

    & 7 more

  • Acquired by
    Intuit

    & 1 more

    (Jan 2005)

Funding Insights of Paytrust

Paytrust has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in November 1999. 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 $30M
  • Total Rounds 1
  • Last Round Series A β€” $30M
  • First Round $30M

    (Nov 1999)

  • Investors Count 6

All 1 funding rounds of Paytrust with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 1999$30MSeries A––
Valuation history

8 investors in total: 8 institutional.

Investors in Paytrust

Paytrust has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Intuit, Goldman Sachs and GE Capital.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Growth equity investments and partnerships in finance and related sectors.
spectrumequity.com
Investment banking services are delivered across multiple financial sectors.
1869goldmansachs.comNew York, United States
Venture capital investments are directed toward multiple sectors.
americanexpress.com/us/business/american-express-venturesNew York, United States
Commercial aircraft and equipment leasing and lending services are provided.
1932gecapital.comUnited States
Wealth management services are provided to high-net-worth clients.
1999tweisel.comSan Francisco, United States
PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
softbank.comNewton, United States
Financial and accounting software is developed for businesses and individuals.
1983intuit.comMountain View, United States
Financial payment processing and banking solutions are provided to institutions.
1964metavante.comMilwaukee, United States
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Investor details for Paytrust

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  • Round participation
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People of Paytrust

1 people are tracked at Paytrust (1 in leadership).

NameRoleGroup
Edward McLaughlin
Co-Founder & CEOLeadership
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Complete people profiles for Paytrust

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Timeline of Paytrust

4 dated milestones of Paytrust across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded Paytrust is founded.
  2. Funding First funding round of $30.0M.
  3. Exit Acquired by Metavante.
  4. Exit Acquired by Intuit.

Competitors of Paytrust

Paytrust has 3 listed competitors in our database, 2 of them funded. They include Payrailz, Aliaswire and PaymentVision.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
payrailz.com2016Glastonbury, United States$21.15M59
Digital payment services for businesses are provided by Payrailz.
aliaswire.com2005Burlington, United States$6M26
Account receivable management software is provided for enterprises.
paymentvision.com1988Jacksonville, United States
Provides customized financial technology for payment processing and compliance.
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Detailed competitors of Paytrust

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Web traffic of Paytrust

The website of Paytrust (paytrust.com) receives about 3K visits a month.

  • Monthly visits
    3K

    ▲ 50.5% vs previous month

Similar websites

Websites whose visitors overlap most with Paytrust. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
banking.about.com
banking.about.com
100%
–
xpressbillpay.com
xpressbillpay.com
98%
#35,697–
checkfree.fiserv.com
checkfree.fiserv.com
96%
–
quicken.com
84%
4.8M#10,910View details
paytrust.intuit.com
paytrust.intuit.com
84%
–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 22 similar websites and full traffic analytics for Paytrust

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  • 22 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Top companies in Payments & Remittance Platforms

3 companies that operate in the same segment as Paytrust (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Payment processing and card issuance solutions are provided for businesses.
2009San Francisco, California, United StatesUSD 9.81 B16,622
Cloud-based accounts payable and receivable software for businesses
2006Palo Alto, California, United StatesUSD 325.6 MUSD 1.65 B3,108
Spend management and accounts payable solutions are delivered to businesses.
2019New York, New York, United StatesUSD 5.07 B6,209
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Related news about Paytrust

PayTrust Launches New Website
Mint β€’ 16 years ago
Intuit Acquires Paytrust Customers
Pcworld β€’ 21 years ago
Metavante to acquire Paytrust
Bizjournals β€’ 24 years ago
Paytrust connects with Spectrum
Finextra β€’ 25 years ago
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Complete news archive for Paytrust

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  • Full article archive
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  • Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Paytrust

Paytrust was founded in 1998 and raised its 1st funding round 1 year after it was founded.

Paytrust is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.

Edward McLaughlin is the CEO of Paytrust, as recorded in our data. They have also founded this company.

Paytrust is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Nov 1999.

PayTrust was founded in 1998 in Menlo Park, United States, as a platform in the financial technology sector focused on bill management. Billers are added by users to their profiles, allowing upcoming bills to be tracked automatically. Notifications are sent to users prior to due dates to facilitate timely payments. Operations center on simplifying payables for individuals through digital tools.

Paytrust's top competitors include Payrailz, Aliaswire and PaymentVision.

Paytrust has 8 investors. Key investors include Intuit, Goldman Sachs, GE Capital, Thomas Weisel Partners, and Metavante.

Yes. Paytrust was acquired by Intuit in January 2005.

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