About TECS
TECS is a Financial Services company based in Vienna (Austria) founded in 2000 by Fazlollah Rostamian, and was acquired by Bluefin Payment Systems in November 2022. It operates as an acquiring and processing solutions to merchants with virtual terminals, payment gateways, and kiosks. Its chief executive is Fazlollah Rostamian. Its focus areas include FinTech, Payments, Enablers and Issuer Processor. Its competitors include Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
TECS was founded in 2000 and is based in Vienna, Austria. Operations focus on the financial technology sector, where acquiring and processing solutions are delivered to merchants. Services include virtual terminals for transaction handling, payment gateways for secure integrations, and kiosks for on-site payments. These offerings support merchant needs in digital and physical payment environments across Europe.
- Headquarters Vienna, Austria
- Founders Fazlollah Rostamian
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tecs.at
- Social LinkedIn
- Acquired by Bluefin Payment Systems (Nov 2022)
- Investors
- Acquired byBluefin Payment Systems
(Nov 2022)
Investors in TECS
TECS has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bluefin Payment Systems.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Hosted payment gateways and PoS systems | 2007 | bluefin.com | Atlanta, United States |
Investor details for TECS
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People of TECS
1 people are tracked at TECS (1 in leadership).
| Name | Role | Group |
|---|---|---|
Fazlollah Rostamian | Founder & CEO | Leadership |
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Timeline of TECS
2 dated milestones of TECS across 22 years, from founding to its latest funding, stage changes and deals.
- Founded TECS is founded.
- Exit Acquired by Bluefin Payment Systems.
Competitors of TECS
TECS has 9 listed competitors in our database, 4 of them funded. They include Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| worldpay.com | 1993 | London, United Kingdom | $18M | 1,671 | Payment services and analytics solutions are provided for businesses. | |
| heartlandpaymentsystems.com | 1997 | Princeton, United States | $40M | – | Payment processing, POS and Gift Card services | |
| euronetworldwide.com | 1994 | Leawood, United States | – | 10,000 | Electronic payments and transaction processing solutions are offered globally. | |
| adyen.com | 2006 | Amsterdam, Netherlands | $266M | 67 | Payment issuance and processing solutions are provided for businesses. | |
| marqeta.com | 2010 | Oakland, United States | $528.11M | 854 | Card-issuing and payment processing solutions are offered to businesses. | |
| cielo.com.br | 1995 | Barueri, Brazil | – | 13,347 | Merchant acquiring and card processing services are provided in Brazil. | |
| worldline.com | 1970 | Bezons, France | – | 1,498 | Payment solutions for businesses are provided by Worldline Global. | |
| elavon.com | 1991 | Atlanta, United States | – | – | Merchant service provider | |
| evopayments.com | 1989 | Atlanta, United States | – | – | Global payment solutions are provided by EVO Payments, Inc. |
Detailed competitors of TECS
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as TECS (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
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 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Tecs
Complete news archive for TECS
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Frequently Asked Questions about TECS
TECS was founded in 2000.
TECS is headquartered in Vienna, Austria.
Fazlollah Rostamian is the current CEO of TECS. They have also founded this company.
TECS was founded in 2000 and is based in Vienna, Austria. Operations focus on the financial technology sector, where acquiring and processing solutions are delivered to merchants. Services include virtual terminals for transaction handling, payment gateways for secure integrations, and kiosks for on-site payments. These offerings support merchant needs in digital and physical payment environments across Europe.
TECS's top competitors include Worldpay, Adyen and Euronet Worldwide.
TECS has 1 investor. Key investors include Bluefin Payment Systems.
Yes. TECS was acquired by Bluefin Payment Systems in November 2022.