Paymentus
Paymentus Corporation is a provider of electronic billing and payment solutions in North America, offering a cloud-based, Software-as-a-Service platform designed for direct-bill organizations. Founded in 2004 and headquartered in Charlotte, North Carolina, with additional offices across various U.S. and Canadian cities, Paymentus enables real-time payments through multiple channels, including online, mobile, and interactive voice response. The platform supports a wide range of funding methods and is compliant with tier 1 PCI standards, ensuring secure transactions. Paymentus serves diverse sectors, including utilities, healthcare, insurance, financial services, and government, by integrating with clients' core financial and operational systems to enhance customer engagement and streamline revenue management processes. The company generates revenue primarily through transaction fees associated with the payment services it provides.
Top Stages
4 past transactions
PayVeris
Acquisition in 2021
PayVeris, LLC is a cloud-based digital payment and money transfer platform that provides comprehensive solutions for both consumer and business bill payments, as well as external account-to-account transfers between various financial institutions. Founded in 2011 and headquartered in Cromwell, Connecticut, PayVeris enables person-to-person payments, allowing users to send money electronically from their bank or credit union accounts via web, smartphone, or tablet. The platform includes PayWatch, an integrated fraud prevention solution that monitors transactions for potential risks, and PayItNow, a service that connects financial institutions, merchants, and consumers in the payments process. PayVeris has established strategic partnerships with Kony and Corelation to enhance its offerings and expand its reach in the digital payments landscape.
Finovera
Acquisition in 2021
Finovera, Inc. is a digital bill management and payment solution provider based in Milpitas, California, with an additional location in Bengaluru, India. Founded in 2011, the company offers a comprehensive Bill Management Application that enables users to link their accounts, download bills, and receive notifications for unusually high charges or the need to transfer funds. In addition, Finovera provides a platform for eBill presentment and payment, supporting various payment methods such as credit and debit cards, as well as ACH transfers. This online tool simplifies the management of household bills and important documents, allowing users to store personal files securely. By streamlining the bill management process, Finovera enhances customer satisfaction, reduces late fees, and fosters stronger relationships between consumers and financial service providers.
Billeo
Acquisition in 2015
Billeo is a prominent provider of online shopping and bill payment services, established in 2006. The company focuses on enhancing consumer engagement and loyalty for banks, card issuers, and product marketplaces. Billeo's offerings streamline the online and mobile shopping and payment processes, allowing financial institutions and marketplaces to simplify and accelerate transactions for their customers. Additionally, Billeo facilitates automatic bill payments through Visa credit card transactions.
TWI (Summation360)
Acquisition in 2014
Founded in 1986 as Tele-Works Inc., TWI is a leading provider of electronic billing, payment, and communication services in North America. We have over 500 customers across the U.S. and Canada. At TWI, we are pioneers in the way bills get paid. In fact, we’ve taken the various, often complex and costly facets of billing and payments and created a one-stop service: Summation360™. Our Summation360™ voice, web, and mobile services have revolutionized the way our clients — primarily utility companies — invoice for services, accept payments, communicate with customers, and more. Best of all, TWI handles everything. There is no software or hardware to purchase or IT infrastructure to support.
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