Paymentus Holdings, Inc.
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Paymentus Holdings, Inc. - overview
Established
2004
Location
Redmond, WA, US
Primary Industry
Software
About
Based in Washington, US, and founded in 2004 by CEO Dushyant Sharma, Paymentus Holding, Inc. also known as Paymentus provides a SaaS-based platform for customers to streamline their billing and payments with patented call centers and chat payment technology. the company was founded as Bizpective Techologies, Inc. The company serves over 1700 clients including local municipalities and Fortune 500 companies, Walmart, Amazon, JPMorgan Chase and company, PayPal, BofA Securities, Citigroup, and Nomura among others along with auto finance, financial services, government, healthcare, higher education, insurance, mortgage, property management, telecom, and utility industries.
In 2011, Accel-KKR acquired a controlling stake in Paymentus Corporation from GrowthWorks Capital and JLA Ventures for USD 20 million. In 2021, the company was listed on the New York Stock Exchange under the ticker symbol, PAY by offering 10 million shares at USD 21 per share raising USD 210 million. As of 2020, the company has processed over 195 million transactions with USD 37. 9 billion in transactions across 1,300 billers and approximately 16 million monthly consumers and business users.
As of 2021, the company staffs 916 employees. Paymentus offers proprietary text-to-pay and mobile payment capabilities with digital disbursements along with the Instant Payment Network® (IPN) solution that enables businesses to connect with their customers and directly bills clients through their preferred channels such as Amazon Alexa and PayPal app at businesses like Walmart. Additionally, the company’s solutions include hosted infrastructure of self-service features such as online, mobile, kiosk, and automated payments; business productivity solutions such as staff portal providing single sign-on access to manage customer experience and monitor payments; decision-ready analytics; and customer engagement solutions with a one-time payment, paperless e-billing, pay-by-text, pay-by-email, AutoPay, and IVR among others. For the financial year 2020, the company reported gross revenue of USD 301.
8 million and net revenue of USD 13 million. For the three months ended March 31, 2021, the company recorded revenue of USD 92. 2 million, gross profit of USD 27. 5 million, and EBITDA of USD 9.
4 million. The company plans to use the proceeds of the IPO to add and expand the features on the platform and aim to acquire businesses that work in the company’s vertical that shall add to the company’s capabilities and expand the platform to Europe, the Asia-Pacific region, and the LatAm markets in the future.
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software, Customer Relationship Management
Website
www.paymentus.com
Verticals
Artificial Intelligence, Artificial Intelligence, Big Data, Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Paymentus Holdings, Inc. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 301,767,000 | 395,524,000 | 497,001,000 | - | - | - |
| % Revenue Growth (YoY) | - | 31.1% | 25.7% | - | - | - |
| EBITDA (USD) | 26,497,000 | 24,337,000 | 23,145,000 | - | - | - |
| Operating Income (USD) | 18,428,000 | 10,373,000 | (2,976,000) | - | - | - |
| Operating Margin | 6.1% | 2.6% | (0.6%) | - | - | - |
| % EBITDA Margin | 8.8% | 6.2% | 4.7% | - | - | - |
| NET Income (USD) | 13,711,000 | 9,300,000 | (513,000) | - | - | - |
| % Net Margin | 4.5% | 2.4% | (0.1%) | - | - | - |
Paymentus Holdings, Inc. - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Paymentus Holdings, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Paymentus Holdings, Inc. | - | ||||||||
| Secondary Buyout | Completed | Paymentus Holdings, Inc. | - | ||||||||
| Secondary Buyout | Completed | Paymentus Holdings, Inc. | - |
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