About Stax Payments
Stax Payments is a company based in Orlando (United States) founded in 2014 by Jacques Fu was acquired by Greater Sum Ventures in December 2020.. Stax Payments has raised $264 million across 7 funding rounds from investors including HarbourVest Partners, Blue Star Innovation Partners and Fulcrum Equity Partners. Stax Payments has completed 3 acquisitions, including APPS, BlockChyp and Cardx. Stax Payments offers products and services including Stax Pay, Stax Connect, Stax Bill, and CardX by Stax. Stax Payments operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Orlando, United States
- Founders Jacques Fu
- Stage Unicorn
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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
*********
- Legal Name Stax Payments, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$264 M (USD)
in 7 rounds
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Latest Funding Round
$245 M (USD), Series D
Mar 09, 2022
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Investors
HarbourVest Partners
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
APPS
& 2 more
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Acquired by
Greater Sum Ventures
(Dec 01, 2020)
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Products & Services of Stax Payments
Stax Payments offers a comprehensive portfolio of products and services, including Stax Pay, Stax Connect, Stax Bill, and CardX by Stax. 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 simple and transparent payment processing.
Solution for integrating payments into software platforms.
Automated system for subscription billing and payments.
Program for compliant credit card fee surcharging.
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Software Development Team
34 people
Sales and Marketing
19 people
Leadership Team
19 people
Product Management Team
4 people
Creative and Marketing Team
3 people
Operations Team
3 people
Senior Team
3 people
Finance and Accounting
2 people
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Funding Insights of Stax Payments
Stax Payments has successfully raised a total of $264M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $245 million completed in March 2022. 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 — $245.0M
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First Round
First Round
(27 Mar 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series D - Stax Payments | Valuation |
investors |
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| Jul, 2018 | Amount | Series C - Stax Payments | Valuation | Fulcrum Equity Partners |
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| Oct, 2017 | Amount | Series B - Stax Payments | 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 Stax Payments
Stax Payments has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include HarbourVest Partners, Blue Star Innovation Partners and Fulcrum Equity Partners. 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 market investment solutions are offered to institutional clients.
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Founded Year | Domain | Location | |
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Family office of Jones family
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Founded Year | Domain | Location | |
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Private equity investments are managed across the United States.
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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 Stax Payments
Stax Payments has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include APPS, BlockChyp and Cardx. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS-based payment processing solutions are provided for businesses and merchants.
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2018 | ||||
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PoS suite solution for merchants
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2013 | ||||
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End-to-end payment processing is facilitated through APIs for merchant partners.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Stax Payments
| 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 |
Stax Payments Comparisons
Competitors of Stax Payments
Stax Payments 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 Wright Express, 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 |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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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 Stax Payments
Frequently Asked Questions about Stax Payments
When was Stax Payments founded?
Stax Payments was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Stax Payments located?
Stax Payments is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Who is the current CEO of Stax Payments?
L Briley Brisendine is the current CEO of Stax Payments.
Is Stax Payments a funded company?
Stax Payments is a funded company, having raised a total of $264M across 7 funding rounds to date. The company's 1st funding round was a Series B of $5.5M, raised on Mar 27, 2015.
What does Stax Payments do?
Stax was founded in 2014 and is headquartered in Orlando, United States. All-in-one payment processing solutions are delivered to small and large enterprises within the financial technology sector. Services encompass bill management, invoicing, Stax Connect integration, Stax Pay functionality, and contactless payment options. Operations emphasize streamlined payment handling across various business scales in the domestic market.
Who are the top competitors of Stax Payments?
Stax Payments's top competitors include Stripe, PayU and Flutterwave.
What products or services does Stax Payments offer?
Stax Payments offers Stax Pay, Stax Connect, Stax Bill, and CardX by Stax.
How many acquisitions has Stax Payments made?
Who are Stax Payments's investors?
Stax Payments has 9 investors. Key investors include HarbourVest Partners, Blue Star Innovation Partners, Fulcrum Equity Partners, Wet Paint Ventures, and Florida Angel Nexus.
What is Stax Payments's valuation?
The valuation of Stax Payments is $1B as of Mar 2022.