About Verifone
Verifone is a company based in Alpharetta (United States) founded in 1981 by William Bill Melton was acquired by Francisco Partners in April 2018.. The company has 531 employees as of October 31, 2024. Verifone has completed 12 acquisitions, including 2Checkout, AJB Software Design and Curb. Verifone offers products and services including Payment Devices, Payment Gateway, and Device Management. Verifone operates in a competitive market with competitors including Flutterwave, Square, Modern Treasury, HighRadius and Nuvei, among others.
- Headquarter Alpharetta, United States
- Employees 531 as on 31 Oct, 2024
- Founders William Bill Melton
- Stage Public
-
Sectors
RetailFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Verifone, Inc.
-
Annual Revenue
$1.87 B-6as on Oct 31, 2017
-
Net Profit
$-173.83 M-1773as on Oct 31, 2017
-
EBITDA
$-112.38 M-443as on Oct 31, 2017
-
Latest Funding Round
$17.58 M (USD), Post-IPO
Mar 24, 2011
-
Investors
Francisco Partners
& 3 more
-
Employee Count
531
as on Oct 31, 2024
-
Investments & Acquisitions
2Checkout
& 11 more
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Verifone
Verifone is a publicly listed company on the NYSE with ticker symbol PAY in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Verifone
Verifone offers a comprehensive portfolio of products and services, including Payment Devices, Payment Gateway, and Device Management. 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.
Devices for in-person and mobile payment processing in various industries.
Gateway for secure online and omnichannel transaction handling.
Operational tools for managing payment devices remotely.
Unlock access to complete
Software Development Team
75 people
Sales and Marketing
36 people
Operations Team
27 people
Finance and Accounting
27 people
Leadership Team
24 people
Senior Team
11 people
Legal and Compliance
9 people
Country Team
6 people
Unlock access to complete
Funding Insights of Verifone
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $17.6M
-
First Round
First Round
(24 Mar 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Post-IPO - Verifone | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verifone
Verifone has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Francisco Partners, BCI and The Gores Group. 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 |
|---|---|---|---|---|
|
Private investments are made in mature businesses across multiple sectors.
|
Founded Year | Domain | Location | |
|
Private equity investments and firm management in Chicago.
|
Founded Year | Domain | Location | |
|
Private equity investment firm focused on technology sector
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Verifone
Verifone has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include 2Checkout, AJB Software Design and Curb. 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 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based mobile payment solutions are provided for merchants.
|
2011 | ||||
|
Offers self-service digital kiosk and digital signage solutions for retail, QSR, healthcare, etc markets
|
2008 | ||||
|
Cloud-based payment gateway solution for businesses
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Verifone
| 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 |
Verifone Comparisons
Competitors of Verifone
Verifone 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 Flutterwave, Square, Modern Treasury, HighRadius and Nuvei, 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 |
Provider of payment processing solutions for businesses
|
|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
|
|
| domain | founded_year | HQ Location |
Payment processing and treasury management solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
|
|
| domain | founded_year | HQ Location |
Payment processing solutions are delivered to merchants and businesses.
|
|
| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Verifone
Frequently Asked Questions about Verifone
When was Verifone founded?
Verifone was founded in 1981 and raised its 1st funding round 30 years after it was founded.
Where is Verifone located?
Verifone is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Who is the current CEO of Verifone?
Himanshu Patel is the current CEO of Verifone.
How many employees does Verifone have?
As of Oct 31, 2024, the latest employee count at Verifone is 531.
What is the annual revenue of Verifone?
Annual revenue of Verifone is $1.87B as on Oct 31, 2017.
What does Verifone do?
Verifone was founded in 1981 and is headquartered in Alpharetta, United States. Operations focus on the payments sector, where omni-channel solutions are delivered to support business transactions. Services encompass NFC-enabled devices, digital wallets, POS hardware, device management dashboards, loyalty program integrations, inventory tracking, and back-end system connections. These offerings facilitate secure and efficient payment processing across retail and commercial environments.
Who are the top competitors of Verifone?
Verifone's top competitors include Flutterwave, Square and Modern Treasury.
What products or services does Verifone offer?
Verifone offers Payment Devices, Payment Gateway, and Device Management.
Is Verifone publicly traded?
Yes, Verifone is publicly traded on NYSE under the ticker symbol PAY.
How many acquisitions has Verifone made?
Verifone has made 12 acquisitions, including 2Checkout, AJB Software Design, and Curb.
Who are Verifone's investors?
Verifone has 4 investors. Key investors include Francisco Partners, BCI, The Gores Group, and GTCR Chicago Private Equity Firm.
What is Verifone's ticker symbol?
The ticker symbol of Verifone is PAY on NYSE.