About Planet Payment
Planet Payment is a company based in Long Beach (United States) founded in 1999 by Philip Beck was acquired by Fintrax in October 2017.. Planet Payment has raised $22.27 million across 14 funding rounds from investors including Eurazeo, Fintrax and Advent International. The company has 90 employees as of December 31, 2022. Planet Payment has completed 3 acquisitions, including 3C Payment, Avantio and Branded Payment Solutions. Planet Payment operates in a competitive market with competitors including Worldpay, Adyen, Euronet Worldwide, EVO Payments and Marqeta, among others.
- Headquarter Long Beach, United States
- Employees 90 as on 31 Dec, 2022
- Founders Philip Beck
- Stage Public
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Sectors
Financial 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
$812.77 K (USD)3as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$22.27 M (USD)
in 14 rounds
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Latest Funding Round
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Investors
Eurazeo
& 2 more
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Employee Count
90
as on Dec 31, 2022
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Investments & Acquisitions
3C Payment
& 2 more
- Acquired by
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Funding Insights of Planet Payment
Planet Payment has successfully raised a total of $22.27M across 14 strategic funding rounds. 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 14
- Last Round Last Round
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First Round
First Round
(01 Jun 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Post-IPO - Planet Payment | Valuation |
investors |
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| Nov, 2010 | Amount | Post-IPO - Planet Payment | Valuation |
investors |
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| Oct, 2009 | Amount | Post-IPO - Planet Payment | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Planet Payment
Planet Payment has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Eurazeo, Fintrax and Advent International. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
|
Founded Year | Domain | Location | |
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Payment technology solutions are provided for merchants and acquirers.
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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
|
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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Planet Payment
Planet Payment has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include 3C Payment, Avantio and Branded Payment Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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POS and other payment solutions
|
2009 | ||||
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SaaS-based solutions provider for vacation rentals
|
2001 | ||||
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Point-of-sale solutions for card payments are delivered across multiple sectors.
|
1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Planet Payment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planet Payment Comparisons
Competitors of Planet Payment
Planet Payment 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 Worldpay, Adyen, Euronet Worldwide, EVO Payments and Marqeta, 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 services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by EVO Payments, Inc.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Merchant acquiring and card processing services are provided in Brazil.
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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 Planet Payment
Frequently Asked Questions about Planet Payment
When was Planet Payment founded?
Planet Payment was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Planet Payment located?
Planet Payment is headquartered in Long Beach, United States. It is registered at Long Beach, California, United States.
Who is the current CEO of Planet Payment?
Carl Williams is the current CEO of Planet Payment.
Is Planet Payment a funded company?
Planet Payment is a funded company, having raised a total of $22.27M across 14 funding rounds to date. The company's 1st funding round was a Post-IPO of $4M, raised on Jun 01, 2002.
How many employees does Planet Payment have?
As of Dec 31, 2022, the latest employee count at Planet Payment is 90.
What does Planet Payment do?
Planet Payment offers solutions to merchants and acquiring banks. Their merchant solutions include multi-currency POSGateway services, fraud security services, sales reporting and analytics tools and acquiring services. Acquiring solutions include international payment processing in multiple currencies, payment authorization, money transfer solutions, platform for acquirer, processor and merchant reconciliation, dynamic currency conversion at ATMs among others. All these services are offered on a single platform.
Who are the top competitors of Planet Payment?
Planet Payment's top competitors include Worldpay, Adyen and Euronet Worldwide.
How many acquisitions has Planet Payment made?
Planet Payment has made 3 acquisitions, including 3C Payment, Avantio, and Branded Payment Solutions.
Who are Planet Payment's investors?
Planet Payment has 3 investors. Key investors include Eurazeo, Fintrax, and Advent International.
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