About Payworks
Payworks is a company based in Munchen (Germany) founded in 2012 was acquired by Visa in July 2019.. Payworks has raised $19 million across 4 funding rounds from investors including Visa, Speedinvest and CommerzVentures. The company has 60 employees as of September 30, 2019. Payworks offers products and services including Payment Gateway Software and Omnichannel Payment Platform. Payworks operates in a competitive market with competitors including Stripe, Flutterwave, Square, PayU and Mollie, among others.
- Headquarter Munchen, Germany
- Employees 60 as on 30 Sep, 2019
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Payworks Gmbh
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Products & Services of Payworks
Payworks offers a comprehensive portfolio of products and services, including Payment Gateway Software and Omnichannel Payment Platform. 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.
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 Total Funding
- Total Rounds 4
- Last Round Series B — $14.5M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2018 | Amount | Series B - Payworks | Valuation | Visa , Speedinvest |
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| Sep, 2016 | Amount | Series A - Payworks | Valuation |
investors |
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| Sep, 2013 | Amount | Angel Round - Payworks | 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 Payworks
Payworks has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, Speedinvest and CommerzVentures. 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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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to FinTech startups by CommerzVentures.
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Founded Year | Domain | Location | |
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A venture studio focused on FinTech innovation and development.
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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 Payworks
| 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 - Payworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Payworks Comparisons
Competitors of Payworks
Payworks 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 Stripe, Flutterwave, Square, PayU and Mollie, 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 |
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are provided for businesses via API.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Payworks
Frequently Asked Questions about Payworks
When was Payworks founded?
Payworks was founded in 2012.
Where is Payworks located?
Payworks is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is Payworks a funded company?
Payworks is a funded company, having raised a total of $19M across 4 funding rounds to date.
How many employees does Payworks have?
As of Sep 30, 2019, the latest employee count at Payworks is 60.
What does Payworks do?
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.
Who are the top competitors of Payworks?
Payworks's top competitors include Stripe, PayU and Flutterwave.
What products or services does Payworks offer?
Payworks offers Payment Gateway Software and Omnichannel Payment Platform.
Who are Payworks's investors?
Payworks has 7 investors. Key investors include Visa, Speedinvest, CommerzVentures, Finparx, and HW Capital.
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