When was Paynetics founded?

Paynetics was founded in 2005 and raised its 1st funding round 15 years after it was founded.

Where is Paynetics located?

Paynetics is headquartered in Sofia, Bulgaria. It is registered at 1ST FLOOR,18 DEVONSHIRE ROW,LONDON,ENGLAND,EC2M 4RH.

Who is the current CEO of Paynetics?

Antonina Martinova of Paynetics.

How many employees does Paynetics have?

As of Sep 30, 2026, the latest employee count at Paynetics is 134.

Is Paynetics a funded company?

Paynetics is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 27, 2020.

When was the latest funding round of Paynetics?

Paynetics' latest funding was a $***** Seed round on Mar 27, 2020, with participation from 2 investors.

What is the annual revenue of Paynetics?

Annual revenue of Paynetics is between £1M and £10M as on Dec 31, 2025

Where does Paynetics rank among its competitors?

Paynetics ranks 26th amongst 224 active competitors, of which 36 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of Paynetics?

Paynetics' top competitors include Ramp, NG.CASH and Payhawk. Among them, Ramp secured the most recent funding round in June, 2026.

Paynetics - 2026 Company Profile, Team, Funding, Competitors & Financials

Paynetics is a seed company based in Sofia (Bulgaria), founded in 2005 by Valeri Valtchev. It operates as a Provider of end-to-end payment services including card issuing and acquiring. Paynetics has raised $2.76M in funding from Bulgarian-American Credit Bank and New Vision 3 Fund. The company has 224 active competitors, including 36 funded and 14 that have exited. Its top competitors include companies like Ramp, NG.CASH and Payhawk.

Company Details

Provider of end-to-end payment services including card issuing and acquiring. The company offers payment accounts, transfers, open banking, embedded finance, and white-label solutions. Additional services include onboarding, compliance, cross-selling, settlement, reconciliation, and fraud monitoring. It provides API documentation, statistics, and portals for developers and partners.

Website: www.paynetics.digital/
Social
Email ID: *****@paynetics.digital
Phone Number: +359 **********
Registered Address: 1ST FLOOR,18 DEVONSHIRE ROW,LONDON,ENGLAND,EC2M 4RH

Key Metrics

Founded Year

2005

Location

Sofia, Bulgaria

Stage

Seed

Total Funding

$2.76M in 1 round

Latest Funding Round

Seed, Mar 27, 2020, $*****

Investors

Bulgarian-American Credit Bank & 1 more

Ranked

26^th among 224 active competitors

Annual Revenue

£1M - £10M as on Dec 31, 2025

Employee Count

134 as on Sep 30, 2026

Investment & Acquisitions

Greenfin & 1 more

Similar Companies

Ramp & 228 more

View Paynetics' full profile

Paynetics is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PAYNETICS UK LIMITED CIN: 12481335 , United Kingdom, Active	Feb 24, 2020	£1M - £10M (As on Dec 31, 2025)	5 (As on Dec 31, 2021)

Paynetics has raised a total funding of $2.76M over 1 round. Its latest funding round was a Seed round on Mar 27, 2020 for $*****. 2 investors participated in its latest round. Paynetics has 2 institutional investors.

Here is the list of recent funding rounds of Paynetics:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 27, 2020	1820577	Seed	9417947	2364022	9623278	7518070

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View details of Paynetics's funding rounds and investors

The founders of Paynetics is Valeri Valtchev.

Here are the details of Paynetics' key team members:

Valeri Valtchev: Co-Founder of Paynetics and founder of 1 other company.
Contact Info: 1 email address
Antonina Martinova: Co-CEO of Paynetics.

View details of Paynetics's Founder profiles and Board Members

Paynetics' employee count trend

Paynetics has 134 employees as of Sep 26. Here is Paynetics's employee count trend over the years:

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Top competitors of Paynetics include Ramp, NG.CASH and Payhawk. Here is the list of Top 10 competitors of Paynetics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 72 others	84/100
2nd	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$50M	Monashees, New Enterprise Associates & 11 others	76/100
3rd	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	Earlybird, QED Investors & 22 others	71/100
4th	Easebuzz 2014, Pune (India), Series A	Provider of payment solutions and software as a service APIs	$34M	8i Ventures, Bessemer Venture Partners & 17 others	70/100
5th	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Trinity Capital, Herald Investment Management ... & 2 others	69/100
6th	Modulr 2016, London (United Kingdom), Series C	Provider of automated payment processing and financial infrastructure software tools	$200M	Highland Europe, General Atlantic & 23 others	68/100
7th	REPAY 2006, Atlanta (United States), Public	Provider of payment processing solutions and vendor payment automation services	-	SunTrust Bank, Corsair Capital & 1 others	66/100
8th	AccessPay 2012, Manchester (United Kingdom), Acquired	Cloud based payment automation and cash management solutions for businesses	$44.4M	True Ventures, NatWest & 10 others	66/100
9th	Dwolla 2008, Des Moines (United States), Acquired	Provider of payment solutions and automated clearing house (ACH) services	$76.9M	Foundry, Union Square Ventures & 24 others	65/100
10th	Token 2015, London (United Kingdom), Series C	Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions	$90.2M	EQT, TempoCap & 20 others	64/100
26th	Paynetics 2005, Sofia (Bulgaria), Seed	Provider of end-to-end payment services including card issuing and acquiring	$2.76M	Bulgarian-American Credit Bank, New Vision 3 Fund	52/100