• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    Connecticut
    Last Update:
    18 Oct, 2019
    Phone:
    860-372-4111

Description

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

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 Partners, Black Dragon Capital, Connecticut Innovations, Ironwood Capital, Mosaik Partners, Nick Cayer

TRACTION

VALUATION / MARKET CAP:
$34.67 MM 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

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$14.15 Millions
DATE OF LAST FUNDING:
May 2016
SEED & PRIOR FUNDING:
$14.15 Millions
SEED CLOSED ON:
May 2016
LISTED:
NO

LATEST RESEARCH