When was Payable founded?

Payable was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is Payable located?

Payable is headquartered in Dehiwala Mount Lavinia, Sri Lanka.

How many employees does Payable have?

As of Jun 30, 2026, the latest employee count at Payable is 8.

Is Payable a funded company?

Payable is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Aug 17, 2017.

When was the latest funding round of Payable?

Payable's latest funding was a $***** Series A round on Aug 17, 2017, with participation from 0 investor.

Where does Payable rank among its competitors?

Payable ranks 4th amongst 15 active competitors, of which 3 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Ingenico, which secured $174M in Aug, 2026.

Who are the top competitors of Payable?

Payable's top competitors include Ezetap, Ingenico and SignCatch. Among them, Ingenico secured the most recent funding round in August, 2026.

Payable - 2026 Company Profile, Team, Funding & Competitors

Company Details

Payable provides a mobile point of sale solution to the merchant for accepting payments through credit/debit card. It offers a card reader and mobile application. It also offers a swipe machine to accept payments. The merchant can check the sales dashboard, settlements, and transactions.

Website: www.payable.lk/
Social
Email ID: *****@payable.lk
Phone Number: +94 **********

Key Metrics

Founded Year

2014

Location

Dehiwala Mount Lavinia, Sri Lanka

Stage

Acquired

Latest Funding Round

Series A, Aug 17, 2017, $*****

Ranked

4^th among 15 active competitors

Employee Count

8 as on Jun 30, 2026

Similar Companies

SumUp & 1098 more

Exit Details

Acquired

View Payable's full profile

Payable got acquired on Jun 15, 2026.

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

Payable has raised funding over 1 round.

Here is the list of recent funding rounds of Payable:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 17, 2017	6453886	Series A	8970144	7382834	4320574	7878411

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View details of Payable's funding rounds and investors

The founders of Payable is Sujith Subasinghe.

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

Sujith Subasinghe: Co-Founder & CEO of Payable.

View details of Payable's Founder profiles and Board Members

Payable's employee count trend

Payable has 8 employees as of Jun 26. Here is Payable's employee count trend over the years:

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Top competitors of Payable include Ezetap, Ingenico and SignCatch. Here is the list of Top 10 competitors of Payable, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ezetap 2011, Bengaluru (India), Acquired	Cloud-based mPOS software and hardware solutions for businesses	$66.4M	Social Capital, Helion Venture Partners & 42 others	72/100
2nd	Ingenico 1980, Suresnes (France), Acquired	Provider of payment acceptance devices, estate management, and commerce enhancing solutions	-	PIMCO, Bpifrance	71/100
3rd	SignCatch 2014, Delhi (India), Seed	Provider of retail commerce software solutions for digital business operations	$1.85M	Eden Investment Holding, unicorninvestmentgroup.com ... & 51 others	44/100
4th	Payable 2014, Dehiwala Mount Lavinia (Sri Lanka), Acquired	Mobile point of sale solution provider	-	-	43/100
5th	2can 2012, Moscow (Russia), Series B	Mobile based card reader for Russian market	$9.6M	Inventure Partners, Almaz Capital & 3 others	40/100
6th	POSRocket 2016, Amman (Jordan), Acqui-Hired	Cloud-based POS software and hardware solutions for offline retailers	$7.15M	Algebra Ventures, etihadwallet.com & 13 others	39/100
7th	ZeePOS 2016, Jakarta (Indonesia), Deadpooled	mPOS software and hardware solution provider	-	-	33/100
8th	ApnaPay 2012, Noida (India), Deadpooled	Provider of POS software solutions for businesses	-	-	28/100
9th	Muxi 2000, Rio de Janeiro (Brazil), Funding Raised	Provider of payment solutions to offline retailers	-	Confrapar	25/100
10th	QLiEER 2014, Taichung (Taiwan), Unfunded	Software-based POS cashier system	-	-	24/100