Payveris - About the company
Payveris is an acquired company based in Wethersfield (United States), founded in 2011 by Fran Duggan. It operates as a Cloud-based platform transforming billing, payments, and money movement for diverse industries. Payveris has raised $35.6M in funding from investors like Mosaik Partners, Connecticut Innovations and Ironwood Capital. The company has 126 active competitors, including 46 funded and 15 that have exited. Its top competitors include companies like Moniepoint, Cross River Bank and Galileo.
Company Details
Cloud-based platform transforming billing, payments, and money movement for diverse industries. They provide next-generation solutions simplifying bill payment and enhancing customer experience. Their platform offers various engagement channels and payment options, catering to utilities, healthcare, government, and financial institutions. They streamline accounts receivable, accounts payable, and expense management, increasing business profits. The company's Instant Payment Network facilitates real-time capabilities and connects billers, banks, and partners. They offer digital wallets, loan payment solutions, and peer-to-peer transfer capabilities. Their solutions automate financial operations, improve cash flow management, and enable control over business operations. They focus on delivering convenience, choice, and control in payment experiences, offering features like automated scheduling, real-time notifications, and multiple payment channels. They provide software and SaaS solutions for billing, communication, and payment innovation.
- Website
- payveris.com
Key Metrics
Founded Year
2011
Location
Wethersfield, United States
Stage
Acquired
Total Funding
$35.6M in 10 rounds
Latest Funding Round
Investors
Ranked
27th among 126 active competitors
Employee Count
11 as on Aug 31, 2026
Exit Details
Acquired by Paymentus (Aug 10, 2021)
Legal entities associated with Payveris
Payveris is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PAYMENTUS CORPORATION CIN: 4452601 , United States, Active | Nov 06, 2007 | - | - | - |
PAYVERIS, LLC CIN: - , United States, Active | Jan 24, 2011 | - | - | - |
Payveris's acquisition details
Click here to take a look at Payveris's acquisition in detail
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Payveris's funding and investors
Payveris has raised a total funding of $35.6M over 10 rounds. Its first funding round was on Aug 19, 2011. Payveris has 5 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Payveris:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 22, 2021 | 6673688 | Series D | 8479384 | 2576287 | 8836774 | 1397066 |
Dec 23, 2020 | 3938747 | Series D | 3521637 | 5402448 | 4893618 | 6330651 |
Jun 16, 2020 | 9118593 | Series D | 7674489 | 8954391 | 3394576 | 6935263 |
View details of Payveris's funding rounds and investors
Payveris' founders and board of directors
Founder? Claim ProfileThe founders of Payveris is Fran Duggan.
Here are the details of Payveris' key team members:
- Fran Duggan: CEO and Founder of Payveris.
View details of Payveris's Founder profiles and Board Members
Payveris' employee count trend
Payveris has 11 employees as of Aug 26. Here is Payveris's employee count trend over the years:
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Payveris's Competitors and alternates
Top competitors of Payveris include Moniepoint, Cross River Bank and Galileo. Here is the list of Top 10 competitors of Payveris, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for businesses and individuals | $266M | 74/100 | |
2nd | Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
3rd | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
4th | Provider of open banking platform offering payment services and data enrichment | $359M | 69/100 | ||
5th | Bud 2015, London (United Kingdom), Series B | Developer of open banking API and financial data analysis for businesses | $103M | 67/100 | |
6th | Mono 2020, San Francisco (United States), Acquired | Open banking APIs for businesses | $17.6M | 64/100 | |
7th | Token 2015, London (United Kingdom), Series C | Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions | $90.2M | 64/100 | |
8th | Treasury Prime 2017, San Francisco (United States), Series C | Provider of an online platform offering API-based banking-as-a-service solutions | $71.5M | 62/100 | |
9th | Payabli 2020, Los Angeles (United States), Series B | Payment processing solutions for corporates and merchants | $108M | 62/100 | |
10th | Sila 2017, Portland (United States), Series A | API-based payment gateway solutions | $23.7M | 61/100 | |
27th | Payveris 2011, Wethersfield (United States), Acquired | Cloud-based platform transforming billing, payments, and money movement for diverse industries | $35.6M | 50/100 |
Looking for more details on Payveris's competitors? Click here to see the top ones
Payveris's Investments and acquisitions
Payveris has made no investments or acquisitions yet.
Reports related to Payveris
Here is the latest report on Payveris's sector:
News related to Payveris
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Paymentus to Acquire Payveris, a Leading Provider of Money Movement Solutions for Financial InstitutionsBusiness Wire•Aug 10, 2021•Paymentus, Payveris
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Payveris and Vouchr partners for interactive digital money movementIBS Intelligence•Feb 24, 2020•Payveris, Vouchr
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Alaska USA FCU Successfully Launches Payveris’ Intelligent Digital Payments PlatformGlobeNewswire•Jan 07, 2020•Payveris, Alaska USA Federal Credit Union
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Backbase and Payveris Take Digital Payments to the Next LevelBusiness Wire•Oct 24, 2019•Backbase, Payveris
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VyStar Credit Union Partners with Payveris as Initial Investor in PayverisCU, a New Digital Payments CUSOGlobeNewswire•Aug 05, 2019•Payveris
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Payveris Raises $7M in Series D FundingFinSMEs•Jun 13, 2019•Payveris, Mosaik Partners, Black Dragon Capital, Connecticut Innovations and 1 other
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