About WAY Systems
WAY Systems is a company based in Woburn (United States) founded in 2002 was acquired by Verifone in January 2009.. WAY Systems has raised $31.53 million across 3 funding rounds from investors including Visa, Bessemer Venture Partners and Verifone. WAY Systems operates in a competitive market with competitors including SumUp, Ingenico, Celero Commerce, Crane Payment Innovations and Gas Pos, among others.
- Headquarter Woburn, United States
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Sectors
Financial Services
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Phone
*********
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Website
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- Legal Name Way Systems Inc
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Funding Insights of WAY Systems
WAY Systems has successfully raised a total of $31.53M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $3.03 million completed in March 2009. 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 3
- Last Round Series C — $3.0M
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First Round
First Round
(19 Oct 2004)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2009 | Amount | Series C - WAY Systems | Valuation |
investors |
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| Oct, 2005 | Amount | Series C - WAY Systems | Valuation |
investors |
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| Oct, 2004 | Amount | Series B - WAY Systems | 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 WAY Systems
WAY Systems has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, Bessemer Venture Partners and Verifone. 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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Venture capital investments in Texas-based companies.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital and private equity firm
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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 WAY Systems
| 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 |
Financial Statements - WAY Systems
| 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 |
Way Systems Comparisons
Competitors of WAY Systems
WAY Systems 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 SumUp, Ingenico, Celero Commerce, Crane Payment Innovations and Gas Pos, 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 mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
POS hardware and software solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Cloud-based business management software is provided for SMBs.
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| domain | founded_year | HQ Location |
Cashless payment solutions
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| domain | founded_year | HQ Location |
Hardware-based POS solutions are supplied to fuel merchants.
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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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Frequently Asked Questions about WAY Systems
When was WAY Systems founded?
WAY Systems was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Where is WAY Systems located?
WAY Systems is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Is WAY Systems a funded company?
WAY Systems is a funded company, having raised a total of $31.53M across 3 funding rounds to date. The company's 1st funding round was a Series B of $6.5M, raised on Oct 19, 2004.
What does WAY Systems do?
WAY Systems, Inc. designs, develops, and sells mobile POS solutions and gateway services for mobile merchants. It provides mobile POS devices and printers, as well as various accessory items, including antenna kits, printer papers, car chargers, cigarette lighter adapters, holsters, printer batteries, and AC chargers through its store. Acquired by VeriFone in Sep, 2010 for 9M. Website currently defunct.
Who are the top competitors of WAY Systems?
WAY Systems's top competitors include SumUp, Ingenico and Celero Commerce.
Who are WAY Systems's investors?
WAY Systems has 5 investors. Key investors include Visa, Bessemer Venture Partners, Verifone, Austin Ventures, and GIV Venture Partners.
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