PayCommerce

remittancessoftware/whitelabel/apis-remittancenetwork settlement

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 18/10/2019

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About

PayCommerce is the leading B2B cross-border payments technology platform which connects banks, financial institutions and corporates across the globe--all through a single point of connectivity. Our platform is designed to enable end-to-end payment integration capabilities and seamless automation of payment transactions from initiation to settlement. The solution delivers many benefits which include significant cost reduction, faster go-to-market, increased efficiency and transparency, improved compliance and cash flow optimization.To learn more, visit www.paycommerce.com.

MEDICI Analysis

PayCommerce is the leading open cross-border payments network that enables both disbursements and acceptance transactions through a single point of connectivity for its members. PayCommerce provides Software-as-a-Service for enterprise payments and remittance to optimize working capital and reduce costs. The PayCommerce Network leverages its proprietary Federated LedgerTM to enable real-time, instant payments, clearing and settlement integration for its banking consortium.The Federated LedgerTM is a hybrid, integrating both distributed and centralized ledgers which enable faster payments across networks via its messaging platform.

Focus

PRODUCTS & SERVICES

Payment software platform for cross-border payments networks to global banks, large enterprises and financial institutions.

REVENUE MODEL

The company earns revenues through commission fees.

MAIN CLIENTS

PayCommerce enterprise customers include seven of the top global banks

11 of the top 50 US banks

14 global Fortune 500® firms and eight US Fortune 500 companies.

EXISTING PARTNERSHIPS

Swift Service Bureau

COMMENT

The company provides lower transaction costs, access to instant real-time payments, acceptance and FX rates and increased efficiency and transparency, as well as management of risk and regional compliance, all on a single platform.

Traction

COMPANY TYPE:

For Profit

NUMBER OF TRANSACTIONS:

200 M

TRANSACTIONS VALUE:

$400 B

TRANSACTIONS COMMENT:

2016

People

FOUNDERS

Abdul Naushad

BOARD MEMBERS AND ADVISORS

Leighton Yohannan

Abdul Naushad

NUMBER OF EMPLOYEES

101-250

INVESTORS:

Tritium Partners

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$22 M

DATE OF LAST FUNDING

Sep 2016

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES B  · $22 M  · Sep 2016

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

72.31

MONTHLY VISITS GROWTH

-100%

VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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