• FOUNDING YEAR: 2006
    LOCATION:
    United States
    REGION:
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Payment software platform for cross-border payments networks to global banks, large enterprises and financial institutions.
REVENUE MODEL:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Abdul Naushad
Board Members and Advisors:
Leighton Yohannan, Abdul Naushad
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Tritium Partners

TRACTION

NUMBER OF TRANSACTIONS:
200 MM
TRANSACTIONS VALUE:
$400 Billions
TRANSACTIONS COMMENT:
2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$22 Millions
DATE OF LAST FUNDING:
Sep 2016
FUNDING SERIES:
SERIES B
$22 Millions Closed: Sep 2016
LISTED:
NO

LATEST RESEARCH