Net Element
Net Element, Inc. is a financial technology company based in North Miami Beach, Florida, that specializes in payment acceptance and transaction processing solutions across North America, Russia, and other Commonwealth of Independent States. The company operates through two main segments: North American Transaction Solutions and International Transaction Solutions. It provides a comprehensive suite of services that enables merchants to accept around 100 payment options, including credit, debit, and alternative payments. Key offerings include integrated payment technologies, point-of-sale solutions, fraud management, and analytical tools. Notable products include the Aptito POS platform, which serves the hospitality and retail sectors, and Netevia, a multi-channel payments platform that facilitates end-to-end processing through APIs. Net Element also focuses on emerging markets, adapting its services to fit diverse banking and regulatory environments. Established in 2004, Net Element has been recognized for its rapid growth and innovation in the financial technology sector.
Top Stages
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Nexcharge
Acquisition in 2016
Nexcharge, Inc. ("Nexcharge"), a proprietary payment processing, fraud management and merchant management platform. nexcharge transaction processing platform was developed to make it easy for acquiring banks and Payment Service Providers ("PSPs") to connect with merchants in a secure, stable processing environment. It also allows merchants the ability to connect to numerous acquiring banks and PSPs in a convenient fashion without additional application requirements. Once Nexcharge has approved a merchant, that merchant is automatically approved within the network of integrated providers. In most cases the merchant will be unaware of the identity of the acquiring bank assisting with the transactions. The Nexcharge platform has adopted the Payment Card Industry Data Security Standard Level 1 (PCI DSS) with increased controls around cardholder data to reduce credit card fraud via its exposure.
Paystar
Acquisition in 2016
Paystar is an independent payment and transfer system founded in 2006 and based in Las Vegas, Nevada. The company partners with leading banks, financial institutions, marketing companies, and payment operators to offer a comprehensive suite of services, including remittance, merchant services, mobile payments, and payroll solutions. Its platform enables financial institutions to provide these services to their customers without being tied to any specific financial institution, mobile network, or payment operator. This flexibility allows Paystar to cater to a diverse customer base, regardless of mobile phone model or network affiliation. The company adheres to PCI standards and complies with local regulations in each country of operation, ensuring secure user verification and reliable service delivery.
PayOnline System
Acquisition in 2015
PayOnline is a prominent payment service provider in Russia, recognized for its rapid growth and leadership in the online payment sector. Catering primarily to the fintech industry, PayOnline offers a comprehensive electronic payment system that allows businesses to accept payments via credit cards, e-wallets, and mobile devices. The company provides an online platform designed to facilitate various transactions while ensuring 24/7 customer support and minimizing charge-back rates. Additionally, PayOnline offers customizable modules for content management systems, enhancing the payment experience for both merchants and their customers. With its strong market presence, PayOnline ranks among the top three internet payment service providers in Russia.
Quickpay USA
Acquisition in 2013
Quickpay USA is a provider of payment processing services that facilitates cash remittances through its proprietary Quickpay Machines. These machines, resembling ATMs, enable customers to pay for goods and services without the necessity of credit or debit cards, or bank accounts. The company manages the entire process by manufacturing the machines, securing permissions from property owners for installation, and ensuring routine maintenance. Quickpay USA also coordinates arrangements with service providers to enhance customer convenience and streamline the payment experience.
Aptito
Acquisition in 2013
Aptito is a technology company that specializes in providing the hospitality industry with a comprehensive digital software solution. Its innovative platform offers customizable digital menus on iPad and Android tablets, along with a fully integrated Point-of-Sale (POS) system. The cloud-based software suite includes features such as real-time reservation management, inventory tracking, and a mobile app for ordering, all designed to enhance the dining experience. By leveraging social media connections, Aptito enables restaurants to engage with customers more effectively, driving sales and increasing revenue. The company’s tools empower the service industry to deliver personalized and interactive experiences, while also providing valuable data insights for improved market intelligence.
LegalGuru
Seed Round in 2011
LegalGuru LLC, established in 2011 and based in Miami, Florida, offers an online platform that connects users with attorneys and provides access to topical legal information and expert advice. As a pioneer in creating user-friendly informational portals, LegalGuru delivers relevant and timely legal content through video and written formats, addressing inquiries from users. The platform is designed to facilitate access to local professionals who specialize in various legal topics, making legal information more accessible on both the internet and mobile devices.
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