About Paytrust
Paytrust is a company based in Menlo Park (United States) founded in 1998 by Edward McLaughlin was acquired by Intuit in January 2005.. Paytrust has raised $30 million across 1 funding round from investors including Intuit, Goldman Sachs and GE Capital. Paytrust operates in a competitive market with competitors including Payrailz, Aliaswire, PaymentVision, IPay Technologies and TransCentra, among others.
- Headquarter Menlo Park, United States
- Founders Edward McLaughlin
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Sectors
Financial Services
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Phone
*********
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Website
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $30.0M
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First Round
First Round
(01 Nov 1999)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 1999 | Amount | Series A - Paytrust | Valuation |
investors |
| 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 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. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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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 Paytrust
| 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 |
Financial Statements - Paytrust
| 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 |
Paytrust Comparisons
Competitors of Paytrust
Paytrust 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 Payrailz, Aliaswire, PaymentVision, IPay Technologies and TransCentra, 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 |
Digital payment services for businesses are provided by Payrailz.
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| domain | founded_year | HQ Location |
Account receivable management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Provides customized financial technology for payment processing and compliance.
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| domain | founded_year | HQ Location |
Online bill pay service
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| domain | founded_year | HQ Location |
Billing and payment solutions are delivered for multichannel corporate finance.
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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 Paytrust
Frequently Asked Questions about Paytrust
When was Paytrust founded?
Paytrust was founded in 1998 and raised its 1st funding round 1 year after it was founded.
Where is Paytrust located?
Paytrust is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Paytrust?
Edward McLaughlin is the current CEO of Paytrust. They have also founded this company.
Is Paytrust a funded 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 01, 1999.
What does Paytrust do?
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.
Who are the top competitors of Paytrust?
Paytrust's top competitors include Payrailz, Aliaswire and IPay Technologies.
Who are Paytrust's investors?
Paytrust has 8 investors. Key investors include Intuit, Goldman Sachs, GE Capital, Thomas Weisel Partners, and Metavante.