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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.
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Key Metrics
Founded Year
2011
Location
Wethersfield, United States
Stage
Acquired
Total Funding
$35.6M in 10 rounds
Latest Funding Round
Ranked
Employee Count
11 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Paymentus (Aug 10, 2021)

Payveris's acquisition details

Payveris got acquired by Paymentus on Aug 10, 2021 at an acquisition amount of $*****.
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:lockFilter 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
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Payveris' founders and board of directors

Founder? Claim Profile
The founders of Payveris is Fran Duggan.
Here are the details of Payveris' key team members:

Payveris' employee count trend

Payveris has 11 employees as of Aug 26. Here is Payveris's employee count trend over the years:
Employee count trend for Payveris
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Moniepoint
Moniepoint
2019, London (United Kingdom), Series C
Provider of integrated financial services for businesses and individuals
$266M
74/100
2nd
Logo for Cross River Bank
Cross River Bank
2008, Fort Lee (United States), Series D
Platform offering API-driven financial infrastructure
$898M
72/100
3rd
Logo for Galileo
Galileo
2000, Sandy (United States), Acquired
Provider of cloud-based platform for financial technology and digital banking
$85M
72/100
4th
Logo for Tink
Tink
2012, Stockholm (Sweden), Acquired
Provider of open banking platform offering payment services and data enrichment
$359M
69/100
5th
Logo for Bud
Bud
2015, London (United Kingdom), Series B
Developer of open banking API and financial data analysis for businesses
$103M
67/100
6th
Logo for Mono
Mono
2020, San Francisco (United States), Acquired
Open banking APIs for businesses
$17.6M
64/100
7th
Logo for Token
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
Logo for Treasury Prime
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
Logo for Payabli
Payabli
2020, Los Angeles (United States), Series B
Payment processing solutions for corporates and merchants
$108M
62/100
10th
Logo for Sila
Sila
2017, Portland (United States), Series A
API-based payment gateway solutions
$23.7M
61/100
27th
Logo for Payveris
Payveris
2011, Wethersfield (United States), Acquired
Cloud-based platform transforming billing, payments, and money movement for diverse industries
$35.6M
50/100
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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

lockFilter this list
•
Payveris introduces loan payments serviceFinextra•Jun 17, 2022•Payveris
•
Payveris Launches Bill Center, A Unified Payment HubCrowdfund Insider•Oct 26, 2021•Payveris
•
MX and Payveris team on open API digital paymentsFinextra•Sep 08, 2021•Payveris, MX
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