About Payzer
Payzer is a company based in Charlotte (United States) founded in 2012 by Joe Giardano and Douglas Litle was acquired by Wright Express in October 2023.. Payzer has raised $71.33 million across 7 funding rounds from investors including Wright Express, Square 1 Bank and Harbert Management. Payzer offers products and services including Payzer Software, Invoicing Feature, and Scheduling Tool. Payzer operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and PayU, among others.
- Headquarter Charlotte, United States
- Founders Joe Giardano, Douglas Litle
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71.33 M (USD)
in 7 rounds
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Latest Funding Round
$23 M (USD), Series D
Jun 23, 2021
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Investors
Wright Express
& 8 more
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Employee Count
Employee Count
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Acquired by
Wright Express
(Oct 26, 2023)
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Products & Services of Payzer
Payzer offers a comprehensive portfolio of products and services, including Payzer Software, Invoicing Feature, and Scheduling Tool. 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.
Platform for scheduling and invoicing contractor tasks
System for processing payments and tracking transactions
Drag-and-drop interface for managing appointments
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Product Management Team
15 people
Sales and Marketing
11 people
Leadership Team
10 people
Software Development Team
9 people
Data Analysis and Operations Team
5 people
Senior Team
3 people
Customer Team
2 people
Creative and Marketing Team
2 people
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Funding Insights of Payzer
Payzer has successfully raised a total of $71.33M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $23 million completed in June 2021. 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 7
- Last Round Series D — $23.0M
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First Round
First Round
(30 Apr 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series D - Payzer | Valuation |
investors |
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| Jun, 2021 | Amount | Series D - Payzer | Valuation | Harbert Management | |
| Nov, 2018 | Amount | Series C - Payzer | 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 Payzer
Payzer has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Wright Express, Square 1 Bank and Harbert Management. 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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Infrastructure, hedge, private equity, and debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Early, growth & late stage VC firm investing in the US
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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 Payzer
| 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 - Payzer
| 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 |
Payzer Comparisons
Competitors of Payzer
Payzer 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, PayPal, Flutterwave, Square and PayU, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
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 |
Employee benefit administration and payment solutions are provided for enterprises.
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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 Payzer
Frequently Asked Questions about Payzer
When was Payzer founded?
Payzer was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Payzer located?
Payzer is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Payzer?
Joe Giardano is the current CEO of Payzer. They have also founded this company.
Is Payzer a funded company?
Payzer is a funded company, having raised a total of $71.33M across 7 funding rounds to date. The company's 1st funding round was a Series C of $9.2M, raised on Apr 30, 2015.
What does Payzer do?
Payzer was founded in 2012 in Charlotte, United States, as a provider of SaaS-based payment solutions in the fintech sector. A mobile and cloud-based platform is offered to businesses, particularly contractors, enabling acceptance of credit and debit cards at the point of sale. Debit purchasing cards are issued to employees and subcontractors, with direct money transfers and purchase tracking facilitated through the system.
Who are the top competitors of Payzer?
Payzer's top competitors include Stripe, PayU and Flutterwave.
What products or services does Payzer offer?
Payzer offers Payzer Software, Invoicing Feature, and Scheduling Tool.
Who are Payzer's investors?
Payzer has 9 investors. Key investors include Wright Express, Square 1 Bank, Harbert Management, MetaBank, and Grotech Ventures.
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