About Pineapple Payments
Pineapple Payments is a Financial Services company based in Pittsburgh (United States) founded in 2016, and was acquired by Fiserv in March 2021. Payment gateway and POS solutions are provided for merchants. Pineapple Payments has raised $35.96 million across 2 funding rounds from investors including Fiserv and PSG Equity. The company has 46 employees. Pineapple Payments has completed 3 acquisitions, including CardChamp, Payline and TRANSAX Gateway. Pineapple Payments offers products and services including Omni-Channel Solutions and Proprietary Technology. Its focus areas include FinTech, Payments, Business Payments and Online Payments.
Company details
Pineapple Payments was founded in 2016 in Pittsburgh, United States, operating in the fintech sector focused on payment processing. Services include a payment gateway for online transactions, point-of-sale terminals for in-store use, and mobile POS options. Features such as cloud-based reporting, point-to-point encryption, EMV compliance, tokenization, and encryption tools are utilized to support credit and debit card acceptance. Operations cater to merchants handling both digital and physical payments.
- Headquarters Pittsburgh, United States
- Employees 46
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website pineapplepayments.com
- Social LinkedIn X Facebook
- Acquired by Fiserv (Mar 2021)
- Legal Name Pineapple Payments
Products & Services of Pineapple Payments
Pineapple Payments offers a comprehensive portfolio of products and services, including Omni-Channel Solutions and Proprietary Technology.
Payments are captured through ecommerce, retail, mobile, and other channels using a single source.
Technology is built and supported in-house, including tools and APIs for integrations.
Funding Insights of Pineapple Payments
Pineapple Payments has successfully raised a total of $35.96M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $35 million completed in September 2017. 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 $35.96M
- Total Rounds 2
- Last Round Series A — $35M
- First Round $955,000
(Mar 2017)
- Investors Count 1
All 2 funding rounds of Pineapple Payments 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 |
|---|---|---|---|---|---|
| Sep 2017 | $35M | Series A | – | – | |
| Mar 2017 | $955,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Pineapple Payments
Pineapple Payments has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv and PSG Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital and operational support are provided to growth-stage software companies. | psgequity.com | Boston, United States | ||
Diversified financial solutions for business processing and management are provided. | 1984 | fiserv.com | United States |
Investor details for Pineapple Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Pineapple Payments
Pineapple Payments has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CardChamp, Payline and TRANSAX Gateway.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment processing solutions for businesses | cardchamp.com | Pittsburgh, United States | 2017 | Jun 2019 | •••• | |
API-linked payment gateway services are provided for transactions. | transaxgateway.com | Rolling Meadows, United States | 2006 | Aug 2018 | •••• | |
Payment processing solutions are offered for merchants and businesses. | paylinedata.com | Chicago, United States | 2009 | Oct 2017 | •••• |
Complete acquisition details for Pineapple Payments
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Pineapple Payments
7 dated milestones of Pineapple Payments across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Pineapple Payments is founded.
- Funding First funding round of $955K.
- Funding Latest funding round, Series A, of $35.0M.
- Acquisition Acquires Payline.
- Acquisition Acquires TRANSAX Gateway.
- Acquisition Acquires CardChamp.
- Exit Acquired by Fiserv.
Web traffic of Pineapple Payments
The website of Pineapple Payments (pineapplepayments.com) receives about 6K visits a month.
- Monthly visits6K
▼ 30.4% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Pineapple Payments (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about Pineapple Payments
Pineapple Payments was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Pineapple Payments is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Pineapple Payments is a funded company, having raised a total of $35.96M across 2 funding rounds to date. The company's 1st funding round was a Seed of $955K, raised on Mar 2017.
Pineapple Payments has 46 employees.
Pineapple Payments was founded in 2016 in Pittsburgh, United States, operating in the fintech sector focused on payment processing. Services include a payment gateway for online transactions, point-of-sale terminals for in-store use, and mobile POS options. Features such as cloud-based reporting, point-to-point encryption, EMV compliance, tokenization, and encryption tools are utilized to support credit and debit card acceptance. Operations cater to merchants handling both digital and physical payments.
Pineapple Payments offers Omni-Channel Solutions and Proprietary Technology.
Pineapple Payments has made 3 acquisitions, including CardChamp, Payline, and TRANSAX Gateway.
Pineapple Payments has 2 investors. Key investors include Fiserv, and PSG Equity.
Pineapple Payments operates through Pineapple Payments.
Yes. Pineapple Payments was acquired by Fiserv in March 2021.