When was P97 founded?

P97 was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is P97 located?

P97 is headquartered in Houston, United States. It is registered at Houston, Texas.

How many employees does P97 have?

As of Aug 31, 2026, the latest employee count at P97 is 42.

Is P97 a funded company?

P97 is a funded company, having raised a total of $84.7M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 15, 2014.

When was the latest funding round of P97?

P97's latest funding was a $***** Conventional Debt round on Apr 30, 2024, with participation from 1 investor.

Where does P97 rank among its competitors?

P97 ranks 220th amongst 6093 active competitors, of which 537 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of P97?

P97's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

P97 - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cloud-based and while-label wallets for multiple sectors. The platform facilitates payments via credit or debit cards, bank transfers, and more. It also enables mobile commerce, digital marketing, and consumer engagement for convenience retail, utilities, energy companies, hospitality, more.

Website: p97.com
Social
Phone Number: +1 **********
Registered Address: Houston, Texas

Key Metrics

Founded Year

2012

Location

Houston, United States

Stage

Acquired

Total Funding

$84.7M in 7 rounds

Latest Funding Round

Conventional Debt, Apr 30, 2024, $*****

Investors

Accenture & 8 more

Ranked

220^th among 6093 active competitors

Employee Count

42 as on Aug 31, 2026

Similar Companies

PayPal & 3653 more

Exit Details

Acquired by PDI Technologies (Apr 01, 2025)

View P97's full profile

P97 is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
P97 NETWORKS, LLC CIN: FC036434 , United Kingdom, Active	Mar 31, 2019	-	-
P97 NETWORKS INC CIN: 454428048 , United States, Active	Dec 31, 1999	-	121 (As on Dec 31, 2024)	-

P97 got acquired by PDI Technologies on Apr 01, 2025.

Click here to take a look at P97's acquisition in detail

P97 has raised a total funding of $84.7M over 7 rounds. Its first funding round was on Dec 15, 2014. Its latest funding round was a Conventional Debt round on Apr 30, 2024 for $*****. 1 investor participated in its latest round. P97 has 9 institutional investors.

Here is the list of recent funding rounds of P97:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2024	1524000	Conventional Debt	4576622	6702082	9083081	4551977
Mar 30, 2023	2607205	Series C	2775496	3166964	2240321	2324523
Jan 07, 2022	9161017	Venture Debt	9667637	9937089	5302326	Peak Rock

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View details of P97's funding rounds and investors

P97's Board of Directors

P97's board has 14 active members. Saurabh Choudhary, Sharon Brown, Kevin Halloran, Charles Vaslet, Donald Frieden, Ignatius Leonards, Michael Passilla, Bryan Olivier, David Nichamoff, Brett Hauser, Roger Ondreko, Steve Moses, Steve Greene and Kevin Smartt are independent board members.

Here is the list of P97's board of directors:

Name	Type	Representing	Status	Duration
Saurabh Choudhary	Independent board member	-	Current	5y 0m
lirapap	Independent board member	-	Current	6y 6m
glhastj	Independent board member	-	Current	2y 5m
ngkxhjn	Independent board member	-	Current	9y 8m
rpvqgph	Independent board member	-	Current	2y 1m
ilctnsn	Independent board member	-	Current	1y 7m
kcnzgnz	Independent board member	-	Current	3y 5m
zdeozny	Independent board member	-	Current	3y 2m
ty{jerr	Independent board member	-	Current	5y 8m
rylpesb	Independent board member	-	Current	2y 3m
yvrmt{k	Independent board member	-	Current	9y 6m
kjoulwb	Independent board member	-	Current	3y 3m
ugsdfqa	Independent board member	-	Current	6y 7m
unhbjbk	Independent board member	-	Current	9y 4m

P97's employee count trend

P97 has 42 employees as of Aug 26. Here is P97's employee count trend over the years:

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Top competitors of P97 include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of P97, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	80/100
9th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Permira & 26 others	80/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
220th	P97 2012, Houston (United States), Acquired	Cloud-based and while-label wallets for multiple sectors	$84.7M	Sagard, Pharus & 7 others	53/100