About XUP Payments
XUP Payments is a company based in Charlotte (United States) founded in 2019 by Craig Sobol and Chris May was acquired by KeyBank in November 2021.. XUP Payments has raised $3 million across 1 funding round from investors including KeyBank. XUP Payments operates in a competitive market with competitors including Episode Six, Wibmo, Silot, Paydiant and Thepeer, among others.
- Headquarter Charlotte, United States
- Founders Craig Sobol, Chris May
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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
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Funding Insights of XUP Payments
XUP Payments has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in March 2021. 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(12 Mar 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Seed - XUP Payments | Valuation | KeyBank |
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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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in XUP Payments
XUP Payments has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KeyBank. 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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Regional bank
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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 XUP Payments
| 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 - XUP 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 |
Xup Payments Comparisons
Competitors of XUP Payments
XUP 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 Episode Six, Wibmo, Silot, Paydiant and Thepeer, 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 |
API-linked payment gateway solutions are provided for diverse transactions.
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| domain | founded_year | HQ Location |
Digital payment solutions are provided to banks, merchants, and consumers.
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| domain | founded_year | HQ Location |
AI-enabled banking software and merchant solutions are provided.
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| domain | founded_year | HQ Location |
White-labeled mobile payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to businesses for various transactions.
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| domain | founded_year | HQ Location |
White label wallet solutions are offered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Xup Payments
Frequently Asked Questions about XUP Payments
When was XUP Payments founded?
XUP Payments was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is XUP Payments located?
XUP Payments is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is XUP Payments a funded company?
XUP Payments is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Mar 12, 2021.
What does XUP Payments do?
XUP Payments was founded in 2019 in Charlotte, United States, as an online payment platform targeted at businesses. Payment processing solutions are enabled through connections between financial services, processors, merchants, and customers. Operations encompass solution enrollment, boarding, processing, sales lead generation and conversion, along with chargeback and dispute management. Services are extended to sectors such as healthcare, banking, logistics, and integrated software vendors.
Who are the top competitors of XUP Payments?
XUP Payments's top competitors include Mindgate, Episode Six and Wibmo.
Who are XUP Payments's investors?
XUP Payments has 1 investor. Key investors include KeyBank.
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