About Payworks
Payworks is a Financial Services company based in Munchen (Germany) founded in 2012, and was acquired by Visa in July 2019. It operates as a white label payment gateway and mPoS solutions. Payworks has raised $19 million across 4 funding rounds from investors including Visa, Speedinvest and CommerzVentures. The company has 60 employees. Payworks offers products and services including Payment Gateway Software and Omnichannel Payment Platform. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is Payworks GmbH. Its competitors include Stripe, Flutterwave, Square, PayU and Mollie and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Payworks was founded in 2012 and is headquartered in Munich, Germany. Operations focus on the fintech sector, where white label payment gateway and mobile point-of-sale (mPoS) solutions are provided to payment service providers and merchants. The Pulse gateway is integrated with point-of-sale readers, and readymade mPoS options are available. Over-the-top white label mPoS solutions and customer engagement services are also included in the offerings.
- Headquarters Munchen, Germany
- Employees 60
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website payworks.com
- Social LinkedIn X Facebook
- Acquired by Visa (Jul 2019)
- Legal Name Payworks Gmbh
Products & Services of Payworks
Payworks offers a comprehensive portfolio of products and services, including Payment Gateway Software and Omnichannel Payment Platform.
Cloud-based solution for handling in-store transactions securely.
Platform integrating in-store and online payments for merchants.
Funding Insights of Payworks
Payworks has successfully raised a total of $19M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.5 million completed in February 2018. 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 $19M
- Total Rounds 4
- Last Round Series B — $14.5M
- Investors Count 7
All 4 funding rounds of Payworks 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 |
|---|---|---|---|---|---|
| Feb 2018 | $14.5M | Series B | – | Visa, Speedinvest | – |
| Sep 2016 | $4.5M | Series A | – | – | |
| Sep 2013 | – | Angel Round | – | – | |
| Jun 2012 | – | Seed | – | – |
7 investors in total: 7 institutional.
Investors in Payworks
Payworks has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, Speedinvest and CommerzVentures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital and startup acceleration are provided. | 2011 | speedinvest.com | Vienna, Austria | |
Venture capital funding is provided to FinTech startups by CommerzVentures. | – | commerzventures.com | Frankfurt Am Main, Germany | |
A venture studio focused on FinTech innovation and development. | – | finparx.com | - | |
Seed-stage tech investments in Europe are made by HW Capital. | – | hwcapital.de | Munich, Germany | |
Rumford Partners is based in Berlin, Germany. | – | rumford-partners.com | Berlin, Germany | |
- | – | barikuta.com | - | |
Digital payment solutions are offered to individuals and businesses. | 1958 | visa.com | San Francisco, United States |
Investor details for Payworks
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Timeline of Payworks
4 dated milestones of Payworks across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Payworks is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $14.5M.
- Exit Acquired by Visa.
Competitors of Payworks
Payworks has 7 listed competitors in our database, 7 of them funded. They include Stripe, Flutterwave, Square, PayU and Mollie, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mollie.com | 2004 | Amsterdam, Netherlands | $940M | – | Online payment solutions are provided for businesses via API. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| codapayments.com | 2011 | Singapore | $695.2M | – | Provides payment processing, customizable stores, and marketplace for digital goods. |
Detailed competitors of Payworks
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- Full competitor set
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Web traffic of Payworks
The website of Payworks (payworks.com) receives about 1.9K visits a month.
- Monthly visits1.9K
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Payworks (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Payworks
Complete news archive for Payworks
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Frequently Asked Questions about Payworks
Payworks was founded in 2012.
Payworks is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Payworks is a funded company, having raised a total of $19M across 4 funding rounds to date.
Payworks has 60 employees.
Payworks was founded in 2012 and is headquartered in Munich, Germany. Operations focus on the fintech sector, where white label payment gateway and mobile point-of-sale (mPoS) solutions are provided to payment service providers and merchants. The Pulse gateway is integrated with point-of-sale readers, and readymade mPoS options are available. Over-the-top white label mPoS solutions and customer engagement services are also included in the offerings.
Payworks's top competitors include Stripe, PayU and Flutterwave.
Payworks offers Payment Gateway Software and Omnichannel Payment Platform.
Payworks has 7 investors. Key investors include Visa, Speedinvest, CommerzVentures, Finparx, and HW Capital.
Payworks operates through Payworks Gmbh.
Yes. Payworks was acquired by Visa in July 2019.