1. Products
  2. Solutions
  3. Insights+
  4. News & content
  5. About
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  1. Products
  2. Solutions
  3. Insights+
  4. News & content
  5. About
  1. Launch

Pay360

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Year established

1998

Location

London UK

Primary Industry

Software

About

Based in the UK, and founded in 1998, Pay360 operates as a software company that offers various API-enabled online payment solutions. In September 2022, Access UK Limited, a portfolio company of Hg and TA Associates, agreed to acquire Pay360 Limited from Capita plc for approximately GBP 156 million. The conditions of the transaction are currently expected to be satisfied in late Q4 2022. As of 2022, the company has 40 plus products and 200 plus employees. Pay360 offers various gateway and payment solutions, including multi-channel payments, online payments solutions, face-to-face payments, phone payments, and Evolve, which is an API-enabled online payment service platform. The company’s platform accepts all kinds of payments, from cash, card transactions, and direct debit. The company generates revenue by offering its services on a subscription-based pricing plan. The plans include gateway standard (GBP 19 p/m), gateway advanced (GBP 45 p/m), and gateway enterprise. As of 2021, the company generated a revenue of GBP 45.8 million, EBITDA of GBP 10.5 million, and profit before tax of GBP 7.1 million.
Current Investors
Hg, TA Associates, The Access Group

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Primary Industry
Software
Sub Industries
Financial Services, Operating Systems (OS), Application Integration Software, Accounting/Finance Software
Website
www.pay360.com
Verticals
Cloud Computing, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only

Deals

Deals Type
Add-on
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Pay360 16 Sep 2022
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