About Vanco Payment Solutions
Vanco Payment Solutions is a company based in Atlanta (United States) founded in 2007 was acquired by Veracity Payment Solutions in May 2014.. Vanco Payment Solutions has raised $127 million across 5 funding rounds from investors including Great Hill Partners and Vanco Payments. Vanco Payment Solutions has completed 3 acquisitions, including LIFT Network, SmartCare and Vanco Services. Vanco Payment Solutions offers products and services including Online Giving, Payment Processing, Mobile Church App, Event Management, and Child Care Manager. Vanco Payment Solutions operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Atlanta, United States
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Sectors
EducationFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Veracity
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$127 M (USD)
in 5 rounds
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Latest Funding Round
$80 M (USD), Private Equity Round
Mar 28, 2012
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Investors
Great Hill Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
LIFT Network
& 2 more
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Acquired by
Veracity Payment Solutions
(May 13, 2014)
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Products & Services of Vanco Payment Solutions
Vanco Payment Solutions offers a comprehensive portfolio of products and services, including Online Giving, Payment Processing, Mobile Church App, Event Management, and Child Care Manager. 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.
Software for secure online donations and giving management.
System for handling school fees and meal payments efficiently.
App for donor communication and outreach tools.
Software for ticketing and fundraising event handling.
Tools for attendance, billing, and enrollment in child care.
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Software Development Team
32 people
Leadership Team
9 people
Data Analysis and Operations Team
5 people
Sales and Marketing
5 people
Finance and Accounting
4 people
Product Management Team
4 people
Client Team
4 people
Operations Team
4 people
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Funding Insights of Vanco Payment Solutions
Vanco Payment Solutions has successfully raised a total of $127M across 5 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $80 million completed in March 2012. 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 5
- Last Round Private Equity Round — $80.0M
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First Round
First Round
(03 Nov 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2012 | Amount | Private Equity Round - Vanco Payment Solutions | Valuation |
investors |
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| Jan, 2012 | Amount | Unspecified - Vanco Payment Solutions | Valuation |
investors |
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| Oct, 2010 | Amount | Debt – Conventional - Vanco Payment Solutions | Valuation |
investors |
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| 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 Vanco Payment Solutions
Vanco Payment Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Great Hill Partners and Vanco Payments. 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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Business acquisitions are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Payment processing and management software are provided by Vanco Payments.
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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 Vanco Payment Solutions
Vanco Payment Solutions has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include LIFT Network, SmartCare and Vanco Services. 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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Cloud-based platform for real-time childcare center management is provided.
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2009 | ||||
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Promotion management solutions are provided for restaurants by LIFT Network.
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2002 | ||||
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Web-based payment solutions are provided for businesses and organizations.
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1998 |
| 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 - Vanco Payment Solutions
| 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 |
Vanco Payment Solutions Comparisons
Competitors of Vanco Payment Solutions
Vanco Payment Solutions 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 Vanco Payment Solutions
Frequently Asked Questions about Vanco Payment Solutions
When was Vanco Payment Solutions founded?
Vanco Payment Solutions was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Vanco Payment Solutions located?
Vanco Payment Solutions is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Vanco Payment Solutions a funded company?
Vanco Payment Solutions is a funded company, having raised a total of $127M across 5 funding rounds to date.
What does Vanco Payment Solutions do?
Vanco Payment Solutions, earlier known as Veracity Payment Solutions, offers specialized payment solutions across multiple industries, including faith-based organizations, nonprofits, and professional services companies. The services offered include (a) payment gateway services - including creditdebit card processing, issue of prepaid gift cards, mPOS, web and text based donations, ACH, (b) Payment hardware services including POS terminals, card readers etc. A developer portal is also being launched which will help developers curate various payment platforms.
Who are the top competitors of Vanco Payment Solutions?
Vanco Payment Solutions's top competitors include Stripe, PayU and Flutterwave.
What products or services does Vanco Payment Solutions offer?
Vanco Payment Solutions offers Online Giving, Payment Processing, Mobile Church App, Event Management, and Child Care Manager.
How many acquisitions has Vanco Payment Solutions made?
Vanco Payment Solutions has made 3 acquisitions, including LIFT Network, SmartCare, and Vanco Services.
Who are Vanco Payment Solutions's investors?
Vanco Payment Solutions has 2 investors. Key investors include Great Hill Partners, and Vanco Payments.
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