When was Planet Payment founded?

Planet Payment was founded in 1999 and raised its 1st funding round 3 years after it was founded.

Where is Planet Payment located?

Planet Payment is headquartered in Long Beach, United States. It is registered at Avenue Louise 523 1050 Bruxelles.

How many employees does Planet Payment have?

As of Dec 31, 2022, Planet Payment has 90 employees, reflecting a 8% year-over-year growth in headcount.

Is Planet Payment a funded company?

Planet Payment is a funded company, having raised a total of $25.3M across 14 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2002.

How much is Planet Payment worth?

The last known valuation of Planet Payment was $***** as of Jun 01, 2021.

When was the latest funding round of Planet Payment?

Planet Payment's latest funding was a $***** Post IPO round on Jun 01, 2021, with participation from 2 investors. Its primary sector is Payments. In United States, the Payments sector has seen $2.52B in funding in 2026 to date.

Where does Planet Payment rank among its competitors?

Planet Payment ranks 17th amongst 196 active competitors, of which 20 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Silverflow, which secured $40M in Mar, 2026.

Who are the top competitors of Planet Payment?

Planet Payment's top competitors include Silverflow, FSS and Elavon. Among them, Silverflow secured the most recent funding round in March, 2026.

Planet Payment - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Planet Payment an acquired company?

Planet Payment got acquired by Fintrax on Oct 26, 2017.

Company Details

Planet Payment offers solutions to merchants and acquiring banks. Their merchant solutions include multi-currency POS+Gateway services, fraud & security services, sales reporting and analytics tools and acquiring services. Acquiring solutions include international payment processing in multiple currencies, payment authorization, money transfer solutions, platform for acquirer, processor and merchant reconciliation, dynamic currency conversion at ATMs among others. All these services are offered on a single platform.

Website: www.planetpayment.com/
Social
Registered Address: Avenue Louise 523 1050 Bruxelles

Key Metrics

Founded Year

1999

Location

Long Beach, United States

Stage

Acquired

Total Funding

$25.3M in 14 rounds

Latest Funding Round

Post IPO, Jun 01, 2021, $*****

Last Known Valuation

$***** as on Jun 01, 2021

Investors

Camden Partners & 6 more

Ranked

17^th among 196 active competitors

Employee Count

90 as on Dec 31, 2022

Investment & Acquisitions

Avantio & 1 more

Similar Companies

Silverflow & 259 more

Exit Details

Acquired by Fintrax (Oct 26, 2017)

View Planet Payment's full profile

Planet Payment is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PLANET PAYMENT BELGIUM CIN: 0466.093.314 , Belgium, Active	May 20, 1999	-	-	-
PLANET PAYMENT INC CIN: 32053415504 , United States, Active		$25M - $100M (As on Nov 09, 2010)	-	-
Planet Payment Denmark ApS CIN: 29602492 , Denmark, Active	May 21, 2006	-	12 (As on Mar 31, 2024)
Planet Payment Germany GmbH CIN: D2601_HRB151307 , Germany, Active		-	-
PLANET PAYMENT NORWAY AS CIN: 990905185 , Norway, Active	Jan 31, 2007	-	-
PLANET MERCHANT SERVICES LIMITED CIN: 8791017 , United Kingdom, Active	Nov 25, 2013	-	-

Planet Payment got acquired by Fintrax on Oct 26, 2017 at an acquisition amount of $*****.

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

Planet Payment has raised a total funding of $25.3M over 14 rounds. Its first funding round was on 2002. Its latest funding round was a Post IPO round on Jun 01, 2021 for $*****. 2 investors participated in its latest round. Planet Payment has 7 institutional investors.

Here is the list of recent funding rounds of Planet Payment:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 01, 2021	3033428	Post IPO	7900795	1223423	2692064	6097068
Nov 09, 2010	8589599	Post IPO	5516928	3079732	3814019	7779652
Oct 29, 2009	7223375	Post IPO	9439471	5493344	8964605	3726444

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View details of Planet Payment's funding rounds and investors

The founders of Planet Payment is Philip Beck. Carl Williams is the CEO of Planet Payment.

Here are the details of Planet Payment's key team members:

Philip Beck: Founder of Planet Payment.

View details of Planet Payment's Founder profiles and Board Members

Planet Payment's employee count trend

Planet Payment has 90 employees as of Dec 22. The total employee count is 7.0% more than what it was in Dec 21. Here is Planet Payment's employee count trend over the years:

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Top competitors of Planet Payment include Silverflow, FSS and Elavon. Here is the list of Top 10 competitors of Planet Payment, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Silverflow 2019, Amsterdam (Netherlands), Series B	Issuer processor providing payment processing solution for businesses	$76.4M	Crane Venture Partners, Coatue & 6 others	64/100
2nd	FSS 1991, Chennai (India), Series C	Provider of payment technology solutions for card issuance and management	$127M	Premji Invest, New Enterprise Associates & 7 others	64/100
3rd	Elavon 1991, Atlanta (United States), Acquired	Global payment processing solutions for businesses of all sizes and industries	-	-	63/100
4th	Monavate 2019, Cambridge (United Kingdom), Acquired	Online payment and issuer processing solution for businesses	$6.89M	-	63/100
5th	Enfuce 2016, Espoo (Finland), Series C	Provider of open banking API solutions	$74.2M	Vitruvian Partners, Tencent & 5 others	62/100
6th	Conferma 2004, Cheadle (United Kingdom), Unfunded	Provider of virtual card and payment solutions for business transactions	-	-	61/100
7th	EVO Payments 1989, Atlanta (United States), Acquired	Merchant acquiring and payment processing solutions	-	Ranger Investments, MDP	61/100
8th	TSYS 1982, Columbus (United States), Acquired	Issuer processing solutions	-	-	60/100
9th	CPI Card Group 1995, Littleton (United States), Public	Payment card and issuer processing solutions	-	Demtech, Parallel49 Equity	59/100
10th	Heartland Payment Systems 1997, Princeton (United States), Acquired	Payment processing, POS and Gift Card services	$40M	GCP Capital Partners, LLR Partners	58/100
17th	Planet Payment 1999, Long Beach (United States), Acquired	Acquiring and Processing services	$25.3M	Camden Partners, Baleon Capital & 5 others	53/100