When was Finovera founded?

Finovera was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is Finovera located?

Finovera is headquartered in Milpitas, United States. It is registered at Sunnyvale, California.

How many employees does Finovera have?

As of Aug 31, 2026, the latest employee count at Finovera is 5.

Is Finovera a funded company?

Finovera is a funded company, having raised a total of $6.11M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 22, 2011.

When was the latest funding round of Finovera?

Finovera's latest funding was a $***** Series A round on Sep 05, 2019, with participation from 0 investor.

Where does Finovera rank among its competitors?

Finovera ranks 7th amongst 46 active competitors, of which 10 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was BillGO, which secured $2.5M in Dec, 2023.

Who are the top competitors of Finovera?

Finovera's top competitors include Doxo, Papaya and Health Payment Systems. Among them, BillGO secured the most recent funding round in December, 2023.

Finovera - 2026 Company Profile, Team, Funding & Competitors

Q: Is Finovera an acquired company?

Finovera got acquired by Paymentus on Aug 09, 2021.

Finovera is an acquired company based in Milpitas (United States), founded in 2011 by Purna Pareek. It operates as a Provider of electronic billing and payment solutions. Finovera has raised $6.11M in funding. The company has 46 active competitors, including 10 funded and 8 that have exited. Its top competitors include companies like Doxo, Papaya and Health Payment Systems.

Company Details

Provider of electronic billing and payment solutions. It offers a comprehensive platform for bill presentment, payment processing, and money movement, serving various sectors including utilities, healthcare, and financial institutions. The platform integrates with existing accounting systems and provides real-time capabilities, multiple payment channels, and enhanced communication tools to improve customer experience and operational efficiency. It aims to simplify the billing and payment process for both businesses and consumers.

Website: finovera.com
Social
Registered Address: Sunnyvale, California

Key Metrics

Founded Year

2011

Location

Milpitas, United States

Stage

Acquired

Total Funding

$6.11M in 2 rounds

Latest Funding Round

Series A, Sep 05, 2019, $*****

Ranked

7^th among 46 active competitors

Employee Count

5 as on Aug 31, 2026

Similar Companies

Fawry & 811 more

Exit Details

Acquired by Paymentus (Aug 09, 2021)

View Finovera's full profile

Finovera is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FIPORT SOFTWARE INDIA PRIVATE LIMITED CIN: U72200KA2012PTC061974 , India, Strike off	Jan 04, 2012	0 - ₹10 Cr (As on Mar 31, 2023)	34 (As on Dec 31, 2021)
FINOVERA, INC CIN: 452326910 , United States, Active	Dec 31, 1999	-	7 (As on Dec 31, 2019)	-

Finovera got acquired by Paymentus on Aug 09, 2021 at an acquisition amount of $*****.

Click here to take a look at Finovera's acquisition in detail

Finovera has raised a total funding of $6.11M over 2 rounds. Its first funding round was on Jul 22, 2011.

Here is the list of recent funding rounds of Finovera:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 05, 2019	1562915	Series A	8973613	4370029	8805073	3370370
Jul 22, 2011	8157039	Seed	1457460	3314697	5659764	1655497

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View details of Finovera's funding rounds and investors

The founders of Finovera is Purna Pareek.

Here are the details of Finovera's key team members:

Purna Pareek: Founder & CEO of Finovera.

View details of Finovera's Founder profiles and Board Members

Finovera's employee count trend

Finovera has 5 employees as of Aug 26. Here is Finovera's employee count trend over the years:

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Top competitors of Finovera include Doxo, Papaya and Health Payment Systems. Here is the list of Top 10 competitors of Finovera, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Doxo 2008, Seattle (United States), Series C	Provider of mobile app for bill payments	$37M	Mohr Davidow Ventures, Sigma Partners & 3 others	63/100
2nd	Papaya 2009, Los Angeles (United States), Series B	App for bill payments	$65M	Bessemer Venture Partners, 9Yards & 9 others	58/100
3rd	Health Payment Systems 2005, Milwaukee (United States), Series A	Provider of an all-in-one statement and payment solution for healthcare billing	$27M	SVB, Caltius Capital Management & 2 others	54/100
4th	Prism 2011, Fort Collins (United States), Acquired	Provider of bill payment processing solutions for businesses and consumers	$4.03M	Financial Solutions Lab, M12 & 1 others	52/100
5th	BillGO 2015, Fort Collins (United States), Series C	Provider of bill payment processing solutions for businesses and consumers	$177M	USAA, MVB Bank & 5 others	49/100
6th	Papaya Payments 2001, Los Angeles (United States), Series B	Provider of mobile app for bill payments	$65.1M	F-Prime Capital, Bessemer Venture Partners ... & 11 others	49/100
7th	Finovera 2011, Milpitas (United States), Acquired	Provider of electronic billing and payment solutions	$6.11M	-	47/100
8th	La Nacional 1984, New York City (United States), Acquired	Online bill payment and recharging platform for individuals	-	-	46/100
9th	UPAYNET 2016, Lindenhurst (United States), Unfunded	App-based platform for prepaid mobile recharge service	-	-	44/100
10th	Softgate Systems 1993, Fairfield (United States), Acquired	Retail Payments Exchange	$33.6M	Napier Park Global Capital, Ten Coves Capital ... & 3 others	44/100