Payveris

paymentsbill payments

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 17/07/2020

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About

Enabling financial institutions to control, simplify, and extend digital money movement capabilities to any application or device.

MEDICI Analysis

Payveris provides "payments in a digital world" via it's secure cloud-based SaaS payments platform for US community-based financial institutions. Payveris is a next-generation provider of digital payment solutions, which features a single consolidated platform for electronic bill pay, account- to-account (A2A) and person-to-person (P2P) offerings designed to keep banks and credit unions at the center of commerce.

Focus

PRODUCTS & SERVICES

Payveris provides digital payment solutions for financial institutions.

MAIN CLIENTS

Liberty Bank

Corporate One Federal Credit Union

Members First Credit Union

Municipal Credit Union

First United Bank

Fieldpoint Private Bank

Live Oak Bank

Southland Federal Credit Union

etc

EXISTING PARTNERSHIPS

A sample of Payveris' partners include: IBT

NYMBUS

VSoft Corporation

Access Softek

Infosys Finacle

EPL

Inc.

Backbase

CU*Answers

D3 Banking

Malauzai Software Inc.

SHAZAM

Share One

Geezeo

CU Prodigy

HomeCU LLC

Currency Cloud

mFoundry

Alkami Technology

COCC

Amazon (AWS)

RR Donnelley

MasterCard

Vanco

Infosys

Traction

VALUATION / MARKET CAP:

$34.67 M in 2015

ACTIVE USERS COMMENT:

“More consumers are turning to alternative payment providers to meet their needs, cutting the bank out of the transaction. By working with Payveris, our bank will be the trusted destination for customers seeking quick P2P payments. Our local market is home to several colleges and universities and it’s very important for us to serve the needs of the millennial demographic. To remain competitive, we must offer digital services that are fast, convenient and easy to use. We’ve fulfilled all of those needs with this partnership.” – Kevin Carson, Chief Technology Officer of First United Bank "The partnership between D3 Banking and Payveris delivers a solution that allows financial institutions to control all aspects of the user experience around money movement by providing a single infrastructure for account to account, person to person and bill payment transactions all accessed via a single API. Not only does the customer or member benefit from an intuitive, easy to use interface, but the bank and credit union now can retain and utilize data around their customers' payment activities that can be used to identify least cost routing options and offer new products and services." - Mark Vipond, CEO, D3 Banking

OTHER INFO:

Executive & Management Team: Jeff Weikert, President Tim Greenfield, Chief Financial Officer Fran Duggan, Chief Innovations Officer & Founder Marcell King, Chief Revenue Officer Paul Franko, Chief Technology Officer Mickey Goldwasser, Chief Marketing Officer Ted Chaney, SVP, Strategic Partnerships Donna Duff, CPA , Controller At Payveris, we have a great story to tell of an innovative company truly focused on the financial services industry. All of us are fully committed to making a difference for our partners and our clients. Our single innovative digital payments platform allows for more secure, faster and less expensive payment transactions combined with less risk of error. It’s an unified approach that provides for a more integrated payment process that creates a better overall and more streamlined user experience.” – Jeff Weikert, Payveris President

People

FOUNDERS

Fran Duggan

BOARD MEMBERS AND ADVISORS

David Dame (Chairman)

Louis Hernandez

Victor Budnick

Peter Longo

Raju (Raj) Shivdasani

Howard Mergelkamp

Tim Greenfield

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Advantage Capital

Advantage Capital Partners

Black Dragon Capital

Connecticut Innovations

Ironwood Capital

Mosaik Partners

Nick Cayer

Momentum

FUNDED

YES

TOTAL FUNDING

$15.95 M

DATE OF LAST FUNDING

Jun 2019

SEED & PRIOR FUNDING

$1.45 M

SEED CLOSED ON

Aug 2011

FUNDING SERIES

SERIES D  · $7 M  · Jun 2019

OTHERS  · $7.5 M · May 2016

LISTED

NO

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