Tracxn Research: Payments Landscape, October 2016

Payments Report – October 2016
Tracxn
World’s Largest Startup Research Platform
2

Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 07
Investment Trend 11
Who is Investing 20
Exit Outlook - IPO, Acquisitions 24
Sub Sector Analysis 28
Interesting Companies 47
Useful Links 61
Company List 65
Team 223

Sector Overview
Scope of report
The report contains companies which participate in the traditional web based payment process (does not include mobile
payment companies) like payment gateways, payment processors, card networks, digital wallets, PoS terminals and software
etc. This report also includes companies which are trying to circumvent the traditional card-based payment system, like cash
payments for online transactions, bitcoin-based payment systems, independent payment network, etc.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Acquirer Processor Companies which receive the data sent by payment gateways on behalf of the acquiring bank, and settle transactions with the
issuing financial institutions.
Payment Gateway Companies which capture the consumer payment instrument and transaction amount data online and pass them to acquiring
bank for authentication.
Payment Network Companies which are a network of financial institutions, and settle financial transactions between issuers and acquirers.
PoS Suite Companies which capture consumer payment instrument and transaction amount data offline and pass them to the acquiring
bank for authentication.
Wallet Companies which provide a web based digital storage service to link payment cards or load money and pay online or offline at
PoS terminals.
Technology Technical service providers that enables Payment Service Providers to extend technical advancements to their products.
Alternate Payment Companies which enable offline payment solutions like cash payments for online orders, rewards payments, ISP billing etc.
B2B Payments Companies facilitating invoice and other payments for businesses.

Sector Overview – Card Transaction Process Flow
SELLERBUYER PoS TERMINAL/
GATEWAY
ACQUIRING PROCESSOR
CARD NETWORK
ISSUING PROCESSOR/BANK
ACQUIRING
BANK
RECEIPT
1
3
2
6
4
5
7
9
8
1. The seller enters the purchasing details and presents it to the
buyer
2. The buyer then swipes (enters) the payment card at the terminal
3. The payment terminal sends the information to the Acquiring
Processor via internet
4. The Acquiring Processor routes the information through the
respective card network like Visa, MasterCard, Amex
5. The acquiring process then routes the information to the issuing
bank through the card network, which authorizes or declines the
payment transaction on buyers’ payment card
6. After authorization, the Issuing bank routes the information
through the card network, Acquiring Processor to the PoS
Terminal/ Gateway.
7. The Issuing Bank then triggers a disbursement of funds to the
Acquiring Bank through the Card Network for the transaction
amount.
8. The Processor then transfers money to the sellers’ bank account,
with a service charge deducted from the amount
9. The funds are then settled from the Acquiring Bank to the
Processor, within 1-2 business days

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6

86
103
90
117
135
119
24
0
32
64
96
128
160
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
7
YoY – Number of companies founded
Stripe Sift Science Coinbase FraudMetrix Bitnet AEVI International Sezzle
Jumio Signifyd Ripple Forter Align Commerce PingPong Push Payments

Large Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Example
22 Aug-2013 10
Wallet > Semi-Closed > Cash-
based > Cryptocurrency
$60M
Xapo
2012, Palo Alto
48 Apr-2011 25
based
$158M
Ukash
2001,
26 Feb-2011 15
Technology > Security >
Authentication
$88M
Jumio
2010, Palo Alto
24 Jul-2010 11
Alternate Payment > Offline
Payment
$124M
PayNearMe
2009, Sunnyvale

Niche Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Tracxn Picks
24 May-2013 8
Payment Gateway > APIs >
Alternative Currency
$158M
Coinbase
2012, San Francisco
12 Jan-2013 8
Payment Gateway > Hosted Pages
> Digital Currency
$61M
Bitpay
2011, Atlanta

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
10

YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$216M
$340M $312M $284M
$382M $394M
$5.3B
$1.3B
$817M
30
48
41
62
72
102
129 129
88
0
28
56
84
112
140
0
1600
3200
4800
6400
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(in$Millions)
Funding Amount Number of Rounds

YoY – Number of Rounds by Stage
32 33
49
43 43
25
22
23
32
54
49
41
3
10
11
21
18
13
0
28
56
84
112
140
2011 2012 2013 2014 2015 2016
NumberofRounds
Seed Early Late

YoY – Funding by Stage
$20M $22M $47M $24M $25M $26M$213M $142M $227M
$1095M
$406M $384M$13M $206M $114M
$4.1B
$646M
$238M
0
1200
2400
3600
4800
6000
2011 2012 2013 2014 2015 2016
TotalFundingAmount(inMillions)
Seed Early Late

Average Ticket Size – Early Stage
$0.9M $1.0M $1.3M $0.7M $0.8M $1.3M
$9.6M
$3.4M
$7.5M
$15.5M
$10.1M
$5.0M
$14.0M
$11.7M $12.5M
$55.9M
$15.1M
$21.2M
0.0
12.0
24.0
36.0
48.0
60.0
2011 2012 2013 2014 2015 2016
FundingAmount(inMillions)
Seed Series A Series B

Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
kount.com
Kount
(Boise, 2007)
$80M Series A Dec-2015 CVC Capital Partners
tyro.com
Tyro
(Sydney, 2003)
$72M Series D Nov-2015 Tiger Global Management, TDM Asset Management
ripple.com
Ripple
(SF, 2012)
$55M Series B Sep-2016 Standard Chartered, SBI Holdings, SCB Digital Ventures
yunnex.com
Yunnex
(Guangzhou, 2012)
$45M Series B Aug-2016 Ajisen Ramen, GSR Ventures
aevi.com
AEVI International
(Paderborn, 2015)
$34M PE May-2016 HPE Growth Capital
forter.com
Forter
(Tel Aviv, 2013)
$32M Series C Apr-2016 Scale Venture Partners, Sequoia Capital, NEA
FraudMetrix
(Hangzhou, 2013)
$32M Series B Apr-2016 Oriza Holdings, CBC Capital, China Growth Capital, IDG Capital Partners, Linear Venture

Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
tongdun.cn
FraudMetrix
(Hangzhou, 2013)
$32M Series B Apr-2016 Oriza Holdings, CBC Capital, China Growth Capital, IDG Capital Partners, Linear Venture
siftscience.com
Sift Science
(SF, 2011)
$30M Series C Jul-2016 Insight Venture Partners, Spark Capital, Union Square Ventures
transactis.com
Transactis
(New York City, 2001)
$30M Series E Apr-2016
Fifth Third Bancorp, PNC Financial Services Group, Safeguard Scientifics, TD Bank, Wells
Fargo, Capital One
inauth.com
InAuth
(Boston, 2010)
$30M Series A Feb-2016 Bain Capital Ventures, Commerce Ventures
getpoynt.com
Poynt
(Palo Alto, 2013)
$28M Series B Oct-2015 Matrix Partners, Go Capital, Webb Investment Network, Oak HC/FT
touchcorp.com
Touchcorp
(Melbourne, 2000)
$26M Post IPO Sep-2016
citruspay.com
Citrus Pay
(Mumbai, 2011)
$25M Series C Oct-2015 Ascent Capital, Sequoia Capital, Econtext Asia, Beenos
riskified.com
Riskified
(Tel Aviv, 2012)
$25M Series B Feb-2016
Qumra Capital, NTT Docomo Ventures, Genesis Partners, Entree Capital, The Phoenix
Insurance

Funnel view of Sector
Percent of
Previous
39%
58%
44%
195
74
124
280
480
1219
0 200 400 600 800 1000 1200 1400
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
19

Most Active Investors in Sector
22
21
16
12
11
10 10
9 9 9
0
5
10
15
20
25
Sequoia Capital 500 Startups Y Combinator GMO Venture
Partners
Digital Currency
Group
Andreessen
Horowitz
August Capital Accel Partners Blumberg Capital IDG Capital
Partners
TotalNumberofRounds
Stripe WePay Stripe Razorpay Ripple Stripe WePay Braintree Credorax Ripple
PayPal E la Carte Coinbase 2C2P Xapo Coinbase PayNearMe YapStone Zooz FraudMetrix

Where are Top Investors investing
Sequoia
Capital
500
Startups
Y
Combinator
GMO
Venture
Partners
Digital
Currency
Group
Andreessen
Horowitz
August
Capital
Accel
Partners
Blumberg
Capital
IDG Capital
Partners
Acquirer
Processor
CardInfoLink Balanced Inc Balanced Inc
Credorax
Payment
Gateway
Stripe, Citrus
Pay, 19pay
WePay,
Omise, Xfers
Stripe,
Coinbase,
WePay
Razorpay,
2C2P,
Xfers
Bitpay,
Bitnet,
BTCC
Stripe,
Coinbase
WePay
Braintree,
YapStone,
enStage
Paymill
Technology Forter
Sift Science,
Final,
Smyte
BlockScore,
Chainalysis
Jumio,
Signifyd
ThreatMetrix
Zooz,
Trulioo
FraudMetrix
PoS Suite
Pine Labs,
Prizm
Payment
Services
E la Carte E la Carte Clover Wang PoS
Wallet PayPal
T2P, Qwil,
GogoCoin
Xapo,
Align
Commerce,
GemPay
Payment
Network
GoCardless Ripple, Dwolla GoCardless Ripple
Alternate
Payment
Gharpay
Codapay,
Dragonpay,
PayNearMe

Top Investor by Stage of Entry
Sequoia Capital 4
Accel Partners 3
Index Ventures 3
Union Square Ventures 3
American Express 2
Andreessen Horowitz 2
Blumberg Capital 2
Business Development Bank
of Canada
2
ES Ventures 2
First Round Capital 2
Sequoia Capital 4
August Capital 3
FTV Capital 3
Goldman Sachs 3
Intel Capital 3
NEA 3
Union Square Ventures 3
VISA 3
Austin Ventures 2
Seed Series A Series B Later Stage
Sequoia Capital 9
Index Ventures 5
Blockchain Capital 4
Digital Currency Group 4
GMO Venture Partners 4
Blumberg Capital 3
Cyberagent Ventures 3
Felicis Ventures 3
Greylock Partners 3
Matrix Partners 3
Y Combinator 15
500 Startups 11
SV Angel 6
Boost VC 4
Kima Ventures 4
E-Merge 3
Founder Collective 3
Golden Gate Ventures 3
Sequoia Capital 3

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
23

Top IPOs in the last one year
IPO Date Company Overview
Funding
Amount
Exch:Ticker
Sep-2016 nets.eu
Nets
(Ballerup, 2003)
Omnichannel payment processing services NETS
May-2016 cotiviti.com
Cotiviti
(Atlanta, 1979)
Analytics-driven payment accuracy solutions for healthcare payers
Advent International
COTV
Oct-2015 firstdata.com
First Data
(Atlanta, 1971)
A leading payments processing service provider.
KKR, AlpInvest Partners
$3.5B FDC
Oct-2015 worldpay.com
Worldpay
(London, 1993)
Payment services and analytics
Advent International, Bain Capital Ventures
WPG
Aug-2015 paymentdata.com
Payment Data
(San Antonio, 1998)
Payment Solutions PYDS
Jul-2015 paypal.com
PayPal
(San Jose, 1998)
Internet payment services provider
Qualcomm, Goldman Sachs, Sequoia Capital, Deutsche Bank, Plug and Play Tech Center,
Bankinter, ING, BlueRun Ventures, Madison Dearborn Partners, Temasek, Vertex, Hikari
Tsushin, Compass Technology Partners, Singtel, Capital Group, Amidzad Partners, Clearstone
Venture Partners, 2020 Ventures, GIV Management, March Capital Partners
$194M PYPL
Jun-2015 vogogo.com
Vogogo
(Calgary, 2008)
Payment processing platform and risk management solutions
Cormark Securities, Beacon Securities, Canaccord Genuity, Clarus Securities, AVAC, Salman
Partners
$21.35M VGO
Mar-2015 isignthis.com
ISignthis
(Collingwood, 2012)
AML/KYC software for preventing Card Not Present (CNP) fraud $4.5M ASX:ISX

Major Acquisitions in last one year
Date Company Acquirer Deal size Overview Total Funding
Sep,
2016
Citrus Pay
(Mumbai, 2011)
PayU $130M
Payment gateway and mobile wallet
$32.5M
Aug, 2016
Bitnet
(San Francisco, 2014)
Rakuten Digital commerce platform $14.5M
Jul, 2016
Vocalink
(Rickmansworth, 2007)
MasterCard $920M UK payments partner $114.3M
Apr, 2016
Powa
(London, 2007)
SuperCom
PoS and gateway solutions for merchants and e-
commerce.
$176.7M
Apr, 2016
eWAY
(Phillip, 1998)
Global
Payments Inc.
$50M Payment gateway provider
Feb, 2016
Moip Payments
(Sao Paulo, 2008)
Wirecard $26M Online Payment API Undisclosed
Jan, 2016
TransFirst
(Aurora, 1995)
TSYS $2.3B Credit Card Processing/Merchant Accounts
Dec, 2015
Heartland Payment Systems
(Princeton, 1997)
Global
Payments Inc.
$4.3B Payment processing, POS and Gift Card services

Major Acquisitions in last one year
Date Company Acquirer Deal size Overview Total Funding
Dec,
2015
Trustev
(Cork, 2012)
TransUnion $44M Realtime online identity verification $7.8M
Nov,
2015
Sumpay
(Hangzhou, 2007)
500.com $35M Payment services and gateway solution
Nov,
2016
PAY.ON
(Munich, 2004)
ACI
Worldwide
$198M White label payment gateway solutions
Nov,
2015
PaySquare
(Utrecht, 2004)
Worldline
Global
$79M Provides card payment acceptance solutions.
Nov,
2015
VISA Europe
(London, 2004)
VISA $2.3B
Payment card network and mobile payment
acceptance solutions

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
27

October 2016Tracxn BlueBox: Payments
Cumulative funding in the sector
c.1220 companies in the sector, 272 funded in last 5 years, $2.0B invested in 2015/2016
Most Active Investors: 500 Startups, Y Combinator, Sequoia Capital
Practice Area - Payments | Analysts: @deepjyotideb93
WALLET
White Label
Mozido (2008, $288M)
Semi-Closed
PayPal (1998, IPO)
Open
BitWallet (2001, $45M, Acq.)
$778M
ACQUIRER PROCESSOR
First Data Corporation (1971, IPO)
$4.2B
PoS Suite $954M
Software
Upserve (2009, $40.5M)
Hardware
Ingenico Group (1980, IPO)
Suite
Lakala (2005, $370M)
ALTERNATE PAYMENT
Rewards Payment
TrialPay (2006, $56M)
Offline Payment
PayNearMe (2009, $71.2M)
PAYMENT NETWORK
Card Network
VISA (1958, IPO)
Cardless Network
Ethoca (2005, $45M)
$268M
$232M
TECHNOLOGY
Analytics
IncreaseCard (2013, $50k)
$1.1B
Security
Kount (2007, $80M)
PAYMENT GATEWAY $2.0B
APIs
Braintree (2007, $70M, Acq.)
Hosted Pages
Clear2Pay (2001, $127M, Acq.)
Horizontal
2Checkout (2000, $60M)
White Label
Transactis (2001, $67M)
Aggregator
Spreedly (2007, $8M, Acq.)
Platform
Zooz (2010, $40.5M)
B2B PAYMENTS
Viewpost (2012, $79M)
$88M

Top Business Models by Funding
$4.3B
$2.0B
$1.2B
$955M
$778M
$268M $233M
$88M
0
1000
2000
3000
4000
5000
Acquirer Processor Payment Gateway Technology PoS Suite Wallet Payment Network Alternate Payment B2B Payments
TotalFundingAmount(inMillions)
# Cos. 118 568 164 183 90 31 44 21
Avg. Age Aug-01 Nov-08 Nov-96 Apr-06 Jan-11 Jan-96 Jul-10 May-06
First Data Stripe Inside Secure Lakala Mozido VocaLink PayNearMe Viewpost
Adyen Coinbase FraudMetrix
First American
Payment Systems
PayPal Ripple TrialPay Vendorin

Acquirer Processor – Business Model Description
A Payment Processor (also called a Merchant Acquirer Processor) is a company which processes a transaction on behalf of the merchant. It works
on behalf of the bank or financial institution which holds the merchant account. It accepts the consumer payment instrument data and the
transaction amount from a payment gateway or a PoS and settles the same with the corresponding issuing institution.

Acquirer Processor – Entrepreneur Activity and
Investment Trend
$35M $26M $46M $19M $6M $54M
$3.9B
$144M
5
6
2
5
4
5
13 13
0
3
6
8
11
14
0
900
1800
2700
3600
4500
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
YoY – Total Funding and No. of Rounds
4
8
13
8
3 3
5
7
0
3
6
8
11
14
2008 2009 2010 2011 2012 2013 2014 2015
NumberofCompaniesFounded
YoY – No. of Companies Founded
37
7 7 6 5 5 4 3
0
8
16
24
32
40
United
States
India United
Kingdom
Canada Denmark South
Africa
Australia Turkey
NumberofCompanies
Distribution of Companies across Countries

Acquirer Processor – Most Funded Companies
Company Overview Business Model
Funding
Amount
adyen.com
Adyen
(2006, Amsterdam)
International and omni-channel payment solutions provider
General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital
Acquirer Processor $266M
tyro.com
Tyro
(2003, Sydney)
Card payment acquiring systems for the SMEs.
Tiger Global Management, TDM Asset Management
Acquirer Processor $103.31M
credorax.com
Credorax
(2007, Herzliya)
Smart acquiring and next generation payment processing
Mobile Internet Capital, Columbus Nova Technology Partners, Blumberg Capital, FTV Capital
fsstech.com
Financial Software
Systems
(1991, Chennai)
Provider of electronic payment & financial transaction processing solutions
NEA, Jacob Ballas Capital, The Carlyle Group
txvia.com
TxVia
(2006, New York City)
Processing for network-based payments
Village Ventures, Bain Capital Ventures, Oak Investment Partners, New York City Investment
Fund, Bain Capital, ES Ventures, Oak Investment Partners, Future Perfect Ventures, Primary
Venture Partner
playspan.com
PlaySpan
(2006, Santa Clara)
Monetization Platform for Digital Goods
Menlo Ventures, Ecosystem Ventures, Vodafone, Millennium Technology Value Partners, Easton
Capital, STIC International
clearent.com
Clearent
(2005, Clayton)
Payment processing company
Eastward Capital Partners, FTV Capital, Augury Capital Partners

Payment Gateway – Business Model Description
A Payment Gateway is an online checkout page which captures the merchant’s consumer payment instrument data and the transaction amount,
encrypts them using suitable method, and passes them to payment processor for authentication and settlement. A gateway can be integrated into
the merchant website or be simply a redirect link from the host site.
APIs Hosted Pages Horizontal White Labels Aggregator
Gateways which redirect
the customer away from
the business website
Gateways which provide
a combination of API,
Hosted and platform
White label payment
gateway provider
Checkout pages which
route transactions
through mutliple
gateways
Gateways which can be
embedded into the
client website.

Payment Gateway – Entrepreneur Activity and
Investment Trend
$85M
$133M $120M $146M
$212M
$178M
$522M
$430M
17
21 20 20
26
39
51
50
0
12
24
36
48
60
0
120
240
360
480
600
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
26 27
37
56
40
59
65
59
0
14
28
42
56
70
2008 2009 2010 2011 2012 2013 2014 2015
154
45 39
20 20 19 16 16
0
36
72
108
144
180
United
States
United
Kingdom
India Nigeria South
Africa
China Australia Canada
NumberofCompanies
$897M
$526M
$411M
$111M
$12M
0
200
400
600
800
1000
APIs Horizontal Hosted Pages White Labels Aggregator
BM wise Investment

Payment Gateway – Most Funded Companies
Funding
Amount
stripe.com
Stripe
(2010, SF)
Web & Mobile Payments for Developers
Y Combinator, American Express, VISA, Redpoint Ventures, Andreessen Horowitz, Salesforce, Sequoia Capital, SV
Angel, Khosla Ventures, Founders Fund, KPCB, General Catalyst Partners, Thrive Capital, Lowercase Capital,
Allen & Company, Alven Capital, TrueBridge Capital Partners, Entree Capital, Playfair Capital, Designer Fund,
Darwin Ventures, BoxGroup
Payment Gateway >
Horizontal
$300M
powa.com
Powa
(2007, London)
PoS and gateway solutions for merchants and e-commerce.
Wellington Management
Payment Gateway >
APIs
$176.7M
clear2pay.com
Clear2Pay
(2001, Brussels)
A payments technology vendor
Iris Capital, Intel Capital, Idinvest Partners, Gimv, Big Bang Ventures, Trust, AGF Management Limited, Quest for
Growth, Quest Management, Aquiline Capital Partners, Idinvest Partners
Payment Gateway >
Hosted Pages
$127M
coinbase.com
Coinbase
(2012, SF)
Digital wallet and payment gateway for bitcoins
Y Combinator, Andreessen Horowitz, SV Angel, Union Square Ventures, New York Stock Exchange, DFJ Growth,
IDG ventures, Ribbit Capital, FundersClub, USAA, BBVA, Interplay Ventures, Mitsubishi UFJ Capital, Valor Capital
Group, NTT DOCOMO, Smartex, Reinventure Group, Vayner/RSE, Blockchain Capital, The Bank of Tokyo-
Mitsubishi UFJ, Sozo Ventures, Propel Venture Partners
Payment Gateway >
APIs > Alternative
Currency
$117.23M
99bill.com
99bill
(2004, Shanghai)
Online payment services provider
DCM Ventures, Peninsula Capital Partners, Lightspeed China Partners
Payment Gateway >
APIs
$96.57M
vancopayments.com
Vanco Payment Solutions
(2007, Atlanta)
Payment solution provider for mPOS, gift cards and online transactions
Great Hill Partners
Payment Gateway >
Hosted Pages
$80M
wepay.com
WePay
(2008, Palo Alto)
Flexible payments API for platforms
Y Combinator, Highland Capital Partners, 500 Startups, Webb Investment Network, Ignition Partners, August
Capital, FTV Capital, Continental Investors, Fuel Capital, Rakuten
Payment Gateway >
APIs
$73.75M
braintreepayments.com
Braintree
(2007, Chicago)
Online and mobile payment gateway
Accel Partners, NEA, Greycroft Partners, RRE Ventures
Payment Gateway >
APIs
$70M

Technology – Business Model Description
Provides technology solutions for various payment processes such as security, EMV migration etc
Security Platform Analytics
Companies which provide
protection against fraudulent
accounts and transactions by
offering secure authentication
and Machine Learning.
Companies which provide tech
platform to Financial Institutions
and payment service providers to
ease their operational activities
Companies which provide data
analytics services to Payment
Service Providers

Technology – Entrepreneur Activity and
Investment Trend
$48M $42M
$83M
$21M
$74M
$29M
$121M
$296M
2
10
7
11
13
22
26
31
0
7
14
21
28
35
0
70
140
210
280
350
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
4
11
9
8
15
23
22
13
0
5
10
15
20
25
2008 2009 2010 2011 2012 2013 2014 2015
66
16
11
7 6 6 5 4
0
14
28
42
56
70
United
States
United
Kingdom
Israel Canada India Ireland Germany Australia
NumberofCompanies
$1.0B
$110M
$50K
0
240
480
720
960
1200
Security Platform Analytics
BM wise Investment

Technology – Most Funded Companies
Funding
Amount
insidesecure.com
Inside Secure
(1995, Meyreuil)
Embedded security for IoT & payment solution
VISA, Qualcomm, Qualcomm Ventures, GGV Capital, Motorola Solutions, Nokia Growth Partners, FSI,
WestSummit Capital, Gimv, Sofinnova Partners, Atmel, Siparex, Eurous Ventures, HID Global, Jolt Capital,
Samsung Venture Investment, Vertex Ventures, Vertex Holdings
Technology > Security $181.4M
tongdun.cn
FraudMetrix
(2013, Hangzhou)
Software developer focussing on internet security for financial transactions
IDG Capital Partners, CBC Capital, China Growth Capital, Oriza Holdings, Qiming Venture Partners, Linear
Venture, China Growth Capital
Anti - Fraud
$85.3M
kount.com
Kount
(2007, Boise)
Fraud prevention for online CNP transaction
CVC Capital Partners
Anti - Fraud
$80M
threatmetrix.com
ThreatMetrix
(2005, San Jose)
Fraud prevention & context based authentication solution
US Venture Partners, Adams Street Partners, Tenaya Capital, August Capital, CM Capital Investments,
Technology Venture Partners, In-Q-Tel, Talu Ventures
Anti - Fraud
$56.4M
siftscience.com
Sift Science
(2011, SF)
Machine learning optimized fraud detection
Y Combinator, First Round Capital, Insight Venture Partners, SV Angel, Founder Collective, Union Square
Ventures, Spark Capital, DN Capital, Levchin
Anti - Fraud
$53.5M
jumio.com
Jumio
(2010, Palo Alto)
Computer Vision based card verification and payment service provider.
Andreessen Horowitz, Citi, Pinnacle Ventures, Millennium Technology Value Partners, Finaventures,
Pinnacle Ventures, SharesPost, Centana Growth
Authentication
$51.67M
forter.com
Forter
(2013, Tel Aviv)
Identity & behavioral analytics based financial fraud detection
Sequoia Capital, NEA, Scale Venture Partners, Commerce Ventures
Anti - Fraud
$50M
signifyd.com
Signifyd
(2011, Palo Alto)
Fraud prevention & payment validation for online retailers
American Express, Andreessen Horowitz, IA Venttures, QED Investors, TriplePoint Capital, Menlo
Ventures, Data Collective, Tekton Ventures, Resolute Ventures, Allegis Capital, Lucas Venture Group,
Streamlined Ventures, Thinkplus, Allegis Capital
Anti - Fraud
$50M

PoS Suite – Business Model Description
Point of Sale solution providers for the offline merchants
Hardware Software Suite
PoS software provider Both hardware and software solutionsPoS solutions provider specializing in
hardware devices

PoS Suite – Entrepreneur Activity and Investment
Trend
$7M
$46M $38M
$60M
$12M
$53M
$217M
$333M
1
6
5
12
11
15
11
11
0
3
6
10
13
16
0
70
140
210
280
350
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
11
9
12
13
11
16
19
18
0
4
8
12
16
20
2008 2009 2010 2011 2012 2013 2014 2015
64
19
12 10
7 7 5 5
0
14
28
42
56
70
United
States
South Africa India China Turkey United
Kingdom
Canada Netherlands
NumberofCompanies
$657M
$169M
$129M
0
140
280
420
560
700
Suite Hardware Software
BM wise Investment

PoS Suite – Most Funded Companies
Company Overview
Business
Model
Funding
Amount
lakala.com
Lakala
(2005, Beijing)
Consumer financial service company in China
Kingsoft, Legend Capital, China Continent Property and Casualty Insurance Company, China Taiping
Insurance Group, Fortune Venture Capital, Jade Capital Management, Hotung Group, China re, Legend Star
PoS Suite >
Suite
$369.95M
first-american.net
First American
Payment Systems
(2009, Fort Worth)
Multiple payment processing solutions provider PoS Suite >
Suite
$148.3M
yunnex.com
Yunnex
(2012, Guangzhou)
Smart PoS based solution
GSR Ventures, Ajisen Ramen, Fenghou Capital
PoS Suite >
Hardware
$61.81M
elacarte.com
E la Carte
(2008, Palo Alto)
Restaurant ordering, payments and entertainment
Y Combinator, SV Angel, 500 Startups, Intel Capital, TriplePoint Capital, Romulus Capital, Lightbank, Bridge
Bank, Trinity Capital Investment
PoS Suite >
Suite
$52.5M
upserve.com
Swipely
(2009, Providence)
Cloud-based payment processing and business analytics
Greylock Partners, First Round Capital, Index Ventures, Shasta Ventures, Pritzker Group
PoS Suite >
Software
$40.5M
getpoynt.com
Poynt
(2013, Palo Alto)
Point of sale terminal with magstrip, QR code and NFC reader
GV, Matrix Partners, Webb Investment Network, Plaza Ventures, Go Capital, Nyca Partners, Oak HC/FT
PoS Suite >
Suite
$33M
vendhq.com
VendHQ
(2010, Auckland)
Cloud based Retail POS
Point Nine Capital, Valar Ventures, Square Peg Capital, NZVIF, Valar Ventures
PoS Suite >
Software
$31M
movilway.com
movilway
(2010, Madrid)
Mobile wallet and tablet POS provider in Latin America PoS Suite >
Hardware
$30M

Wallet – Business Model Description
Digital Wallets providers for storage and transfer of currencies
Semi-Closed Open White Label
Wallets accepted at select websites for
online payment
Wallets accepted at all websites for
online and cash payment
White label wallets provider to
businesses.

Wallet – Entrepreneur Activity and Investment
Trend
$14M $25K $4M $8M
$26M
$9M
$372M
$21M
1 1
3
5
9
6
15
11
0
3
6
10
13
16
0
80
160
240
320
400
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
4
5
6
10
8 8
17
14
0
4
7
11
14
18
2008 2009 2010 2011 2012 2013 2014 2015
32
10
4 4 3 3 3 3
0
7
14
21
28
35
United
States
United
Kingdom
Czech
Republic
India Canada China Indonesia Nigeria
NumberofCompanies
$368M $364M
$45M
0
140
280
420
White Label Semi-Closed Open
BM wise Investment

Wallet – Most Funded Companies
Funding
Amount
mozido.com
Mozido
(2008, Austin)
Provides white label mobile wallet solutions.
MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington Management, Quabbin
Capital
Wallet > White Label $288.47M
magex.com
Magex
(1998, London)
P2P money transfer platform.
Goldman Sachs, Capital Z Partners
Wallet > White Label $80M
dashlane.com
Dashlane
Password manager & digital wallet
Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab
Wallet > Semi-Closed
> Card-linked
$52.5M
Bitwallet
(2001, Japan)
E-Money Issuer
Intel
Wallet > Open $45M
xapo.com
Xapo
(2012, Palo Alto)
Cold Storage Vault & Bitcoin Wallet
Greylock Partners, Index Ventures, Benchmark Capital, AME Cloud Ventures, Emergence Capital, Ribbit
Capital, Fortress Investment Group, Pantera Capital, Blockchain Capital, Digital Currency Group, BitFury
Capital, Emergent Capital Partners
> Cash-based >
Cryptocurrency
$40M
ukash.com
Ukash
(2001, )
International e-cash payment method
DataCash
> Cash-based
$14.4M
bitpass.com
bitpass
(2002, Mountain View)
Digital Wallet
Garage Technology Ventures, RRE Ventures, Steamboat Ventures, Cardinal Venture Capital, Amicus
Capital, Constantin Partners
> Cash-based
$13.3M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
46

Interesting Unfunded Companies
atomtech.in
Swipe
(2015, Riga)
Online invoicing and payment gateway. Payment Gateway > APIs
Paynet
(2015, Istanbul)
Payment gateway, PoS and accounting software PoS Suite > Suite
DebitShield
(2016, London)
Direct debit fraud protection service. Technology > Security > Anti – Fraud
SimpleFraud
(2015, Phelps)
Fraud Prevention, Management and CNP Protection Technology > Security > Anti – Fraud
FrauShield
(2015, Delhi)
AI based financial fraud detection and alerting Technology > Security > Anti – Fraud
Curated list of companies by the sector analyst are defined as Interesting

Interesting Seed Companies
Total
Funding
classwallet.com
ClassWallet
(2014, Miami)
Virtual wallet app for school.
Newschools Venture Fund, Techstars, Kaplan EdTech Accelerator, Edovate Capital, Idea
Bulb Ventures, maverix
Wallet > Semi-Closed >
Cash-based
$4.62M
smyte.com
Smyte
(2014, SF)
Machine learning and classification engine based fraud detection
Y Combinator, Founder Collective, Harrison Metal, Baseline Ventures, Upside Partnership
Anti - Fraud
$2.25M
blockscore.com
BlockScore
(2013, Palo Alto)
Identity verification for anti-fraud and regulatory compliance
Y Combinator, Lightspeed Venture Partners, Khosla Ventures, Battery Ventures, Boost VC,
New Atlantic Ventures, Bitcoin Opportunity Corp, Digital Currency Group
Anti - Fraud
$2.025M
knoxpayments.com
Knox Payments
(2013, Richmond)
Pay with your online banking Payment Gateway > APIs
> Direct Debit
$1.61M
safe.cash
safe cash
(2014, SF)
Digital cash payment
Bialla Partners
Alternate Payment >
Offline Payment
$1.12M
OptioPay
(2014, Berlin)
Payment solution software for marketing payouts
Berlin Ventures, Rheingau Founders, main incubator, DvH Ventures, NORD, Auden AG
Alternate Payment >
Rewards Payment
$7.94M
Xfers
(2014, Singapore)
Provides payment acceptance links.
Y Combinator, 500 Startups, Partech Ventures, Golden Gate Ventures, Bansea, Quest
Ventures, GMO Venture Partners, BWBVentures, Convergence Ventures,
challengerventuresgroup.com
Payment Gateway >
Hosted Pages
$2.5M
Rippleshot
(2013, Chicago)
Big data analytics based card fraud detection solution
Plug and Play Tech Center, SixThirty, UMB Bank, Wintrust, KGC Capital, Innotech Capitals
Anti – Fraud
$2M

Interesting Seed Companies
Total
Funding
classwallet.com
Ravelin Technologies
(2014, London)
Machine learning based fraud prevention platform
Techstars, Amadeus Capital, Passion Capital, Playfair Capital, Barclays Accelerator
Technology > Security
> Anti – Fraud
$1.98M
Chainalysis
(2014, Manhattan)
Blockchain based payment fraud prevention & compliance solutions
Techstars, Point Nine Capital, FundersClub, Common Angels, Barclays Accelerator,
Digital Currency Group, Converge Venture Partners
> Anti – Fraud
$1.6M
BITWALL
(2013, SF)
Micropayments for publishers
Boost VC
Payment Gateway >
APIs > Alternative
Currency
Undisclosed

Interesting Series A Companies
Total
Funding
kount.com
Kount
(2007, Boise)
Fraud prevention for online CNP transaction
CVC Capital Partners
Technology > Security > Anti -
Fraud
$80M
xapo.com
Xapo
(2012, Palo Alto)
Cold Storage Vault & Bitcoin Wallet
Greylock Partners, Index Ventures, Benchmark Capital, AME Cloud Ventures,
Emergence Capital, Ribbit Capital, Fortress Investment Group, Pantera Capital,
Blockchain Capital, Digital Currency Group, BitFury Capital, Emergent Capital
Partners
$40M
bitpay.com
Bitpay
(2011, Atlanta)
Bitcoin payment Gateway
Index Ventures, AME Cloud Ventures, Founders Fund, Felicis Ventures, Horizons
Ventures, RRE Ventures, Horizon Ventures, TTV Capital, 2020 Ventures, Digital
Currency Group
Payment Gateway > Hosted
Pages > Digital Currency
$32.5M
pinelabs.com
Pine Labs
(1998, Noida)
Payment Technologies
Sequoia Capital, New Atlantic Ventures
PoS Suite > Suite $20M
bitnet.io
Bitnet
(2014, SF)
Digital commerce platform
Highland Capital Partners, Rakuten, Webb Investment Network, Stephens
Investment Management, Commerce Ventures, Raptor Group, Buchanan Capital
Management, LLC, Blockchain Capital, Digital Currency Group
Pages > Digital Currency
$14.5M
safetypay.com
SafetyPay
(2006, Miami Beach)
Enables users to buy internationally using their local bank accounts
IFC, ES Ventures
Pages > Direct Debit
$14.1M
aligncommerce.com
Align Commerce
(2014, SF)
Blockchain as a Settlement Rail for Payments.
KPCB, Silicon Valley Bank, Recruit Strategic Partners, Boost VC, Bay Hill Capital
Advisors, Fenway Summer, R3 Investment Group, Firestartr, Pantera Capital, Nyca
Partners, Pivot Investment Partners, Digital Currency Group
$12.5M

Interesting Series A Companies
Total
Funding
codapay.com
Codapay
(2012, Singapore)
Alternative payments in Southeast Asia
Rakuten, Accion, Golden Gate Ventures, Cyberagent Ventures, Digital Media, GMO Venture
Partners, IMJ Investment Partners
Alternate Payment >
ISP Billing
$5.2M
fattmerchant.com
Fattmerchant
(2014, Orlando)
Subscription based Payment services
venVelo, Florida Opportunity Fund, The FAN Fund, venVelo, Wet Paint Ventures, Florida
Angel Nexus
Payment Gateway $3M
payfont.com
Payfont
(2011, Edinburgh)
Payment fraud & theft prevention solution
Scottish Enterprise
> Authentication
$1.97M
Jewel Paymentech
(2014, Singapore)
Payment & fraud risk management solution
8capita, Tuas Capital
> Anti - Fraud
$1.2M
Instamojo
(2012, Bangalore)
Collect Payments by just sharing a link
Kalaari, 500 Startups, SternFisher, Blume Ventures
Payment Gateway >
Horizontal

Interesting Series B Companies
Total
Funding
mozido.com
Mozido
(2008, Austin)
Provides white label mobile wallet solutions.
MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington
Management, Quabbin Capital
Wallet > White Label $288.47M
ripple.com
Ripple
(2012, SF)
Open source payment protocol
Standard Chartered, AME Cloud Ventures, Seagate, CME Group, IDG Capital Partners, RRE
Ventures, Venture 51, Core VC, ChinaRock Capital Management, SBI Holdings, Route 66
Ventures, Camp One Ventures, Blockchain Capital, Santander InnoVentures, Digital Currency
Group, SCB Digital Ventures
Payment Network >
Cardless Network
$90.5M
tongdun.cn
FraudMetrix
(2013, Hangzhou)
Software developer focussing on internet security for financial transactions
IDG Capital Partners, CBC Capital, China Growth Capital, Oriza Holdings, Qiming Venture
Partners, Linear Venture, China Growth Capital
> Anti - Fraud
$85.3M
signifyd.com
Signifyd
(2011, Palo Alto)
Fraud prevention & payment validation for online retailers
American Express, Andreessen Horowitz, IA Venttures, QED Investors, TriplePoint Capital,
Menlo Ventures, Data Collective, Tekton Ventures, Resolute Ventures, Allegis Capital, Lucas
Venture Group, Streamlined Ventures, Thinkplus, Allegis Capital
> Anti - Fraud
$50M
Yapstone
(1999, Walnut
Creek)
Technology & Electronic Payments Company.
Accel Partners, Meritech Capital, Comerica, TPG, Bregal Sagemount, Colony Capital, Gilbert
Global, Bregal Sagemount
Payment Gateway >
APIs
$55.4M

Total
Funding
getpoynt.com
Poynt
(2013, Palo Alto)
Point of sale terminal with magstrip, QR code and NFC reader
GV, Matrix Partners, Webb Investment Network, Plaza Ventures, Go Capital, Nyca Partners,
Oak HC/FT
riskified.com
Riskified
(2012, Tel Aviv)
Machine learning based payment fraud prevention solution
Founder Collective, Genesis Partners, Formation 8, T5 Capital, Entree Capital, NTT Docomo
Ventures, Qumra Capital, The Phoenix Insurance
> Anti - Fraud
$30.65M
trulioo.com
Trulioo
(2009, Vancouver)
Global ID Verification services & analytics with cyber identity data
American Express, Plug and Play Tech Center, Business Development Bank of Canada,
Blumberg Capital, UST Global Inc
> Anti - Fraud
$25.3M
feedzai.com
Feedzai
(2009, London)
Fraud Prevention Software
Data Collective, ES Ventures, EDP, Novabase Capital, EDP Starter, Oak HC/FT, Sapphire
Ventures
> Anti - Fraud
$21.8M

Total
Funding
vogogo.com
Vogogo
(2008, Calgary)
Cormark Securities, Beacon Securities, Canaccord Genuity, Clarus Securities, AVAC, Salman
Partners
omise.co
Omise
(2013, Bangkok)
Payment API provider in Thailand
500 Startups, Golden Gate Ventures, East Ventures, SBI Holdings, True Corp, SMDV, Ascend
Group
Payment Gateway >
White Labels
$20.4M
paysimple.com
PaySimple
(2006, Denver)
Online Payment and Invoicing for small business
Susquehanna Growth Equity, Escalate Capital, Costella Kirsch
Payment Gateway >
Hosted Pages
$16M
prizmpayments.com
Prizm Payment
Services
(2008, Chennai)
Electronic Payment Service Provider
Sequoia Capital, Saama Capital, Westbridge Capital
razorpay.com
Razorpay
(2014, Bangalore)
Payment gateway solutions
Y Combinator, MasterCard, Tiger Global Management, Matrix Partners, GMO Venture
Partners
Payment Gateway >
APIs
$11.5M
finxera.com
Finxera
(2008, San Mateo)
Payment API provider
Founder Collective, Foundation Capital, Floodgate, Baseline Ventures
Payment Gateway >
White Labels
$10M
numoni.com
Numoni
(2012, Singapore)
Digital transaction solution for unbanked population
SPRING Singapore, OWW Capital Partners, Enspire Capital
PoS Suite > Hardware $4.76M
emailage.com
Emailage
(2012, Chandler)
Cloud based email risk assessment solution to prevent fraud.
Felicis Ventures, Double M Partners, Mucker Capital, Wipro Ventures
> Anti - Fraud
$3.8M

Total
Funding
gocoin.com
GoCoin
(2013, Douglas)
Bitcoin Payment Gateway
500 Startups, Stephens Investment Management, VoiVoda, Prolific Venture Capital,
BitAngels, Ruvento Ventures, Bitcoin Shop, Linden Mobile Ventures, Gawminers, Blockchain
Capital, BitFury Capital
Payment Gateway >
APIs > Alternative
Currency
$2.05M
identitymindglobal.com
Identity Mind
Global
(2011, Palo Alto)
Risk Management and AML for eCommerce & Virtual Currencies
SBT Venture Capital, Benhamou Global Ventures, Ideavelopers, Mozido, Cybernaut,
Lakewood
> Anti - Fraud
$1.8M

Interesting Late Stage Companies
Company Overview
Business
Model
Total
Funding
lakala.com
Lakala
(2005, Beijing)
Consumer financial service company in China
Kingsoft, Legend Capital, China Continent Property and Casualty Insurance Company, China Taiping Insurance
Group, Fortune Venture Capital, Jade Capital Management, Hotung Group, China re, Legend Star
PoS Suite > Suite $369.95M
stripe.com
Stripe
(2010, SF)
Web & Mobile Payments for Developers
Y Combinator, American Express, VISA, Redpoint Ventures, Andreessen Horowitz, Salesforce, Sequoia Capital, SV
Angel, Khosla Ventures, Founders Fund, KPCB, General Catalyst Partners, Thrive Capital, Lowercase Capital, Allen
& Company, Alven Capital, TrueBridge Capital Partners, Entree Capital, Playfair Capital, Designer Fund, Darwin
Ventures, BoxGroup
Payment Gateway >
Horizontal
$300M
adyen.com
Adyen
(2006, Amsterdam)
General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital
insidesecure.com
Inside Secure
(1995, Meyreuil)
Embedded security for IoT & payment solution
VISA, Qualcomm, Qualcomm Ventures, GGV Capital, Motorola Solutions, Nokia Growth Partners, FSI,
WestSummit Capital, Gimv, Sofinnova Partners, Atmel, Siparex, Eurous Ventures, HID Global, Jolt Capital,
Samsung Venture Investment, Vertex Ventures, Vertex Holdings
Technology >
Security
$181.4M
coinbase.com
Coinbase
(2012, SF)
Y Combinator, Andreessen Horowitz, SV Angel, Union Square Ventures, New York Stock Exchange, DFJ Growth,
IDG ventures, Ribbit Capital, FundersClub, USAA, BBVA, Interplay Ventures, Mitsubishi UFJ Capital, Valor Capital
Group, NTT DOCOMO, Smartex, Reinventure Group, Vayner/RSE, Blockchain Capital, The Bank of Tokyo-
Mitsubishi UFJ, Sozo Ventures, Propel Venture Partners
Payment Gateway >
APIs > Alternative
Currency
$117.23M
tyro.com
Tyro
(2003, Sydney)
Tiger Global Management, TDM Asset Management
vancopayments.com
Vanco Payment Solutions
(2007, Atlanta)
Payment solution provider for mPOS, gift cards and online transactions
Great Hill Partners
Payment Gateway >
Hosted Pages
$80M
credorax.com
Credorax
(2007, Herzliya)
Mobile Internet Capital, Columbus Nova Technology Partners, Blumberg Capital, FTV Capital

Total
Funding
wepay.com
WePay
(2008, Palo Alto)
Y Combinator, Highland Capital Partners, 500 Startups, Webb Investment Network, Ignition Partners,
August Capital, FTV Capital, Continental Investors, Fuel Capital, Rakuten
Payment Gateway >
APIs
$73.75M
paynearme.com
PayNearMe
(2009, Sunnyvale)
Cash Transaction Network
Khosla Ventures, Maveron, True Ventures, GSV Capital, Kapor Capital, Bullpen Capital, Floodgate,
August Capital, Fenwick, Endeavour Partners, Bullpen Capital
Alternate Payment
> Offline Payment
$71.2M
fsstech.com
Financial Software Systems
(1991, Chennai)
Provider of electronic payment & financial transaction processing solutions
bluesnap.com
BlueSnap
(2001, Herzliya)
International payment solution
Susquehanna Growth Equity, Great Hill Partners, Parthenon Capital Partners
Payment Gateway >
Horizontal
$68M
transactis.com
Transactis
White label for bill payments
Capital One, Metamorphic Ventures, Wells Fargo, ff Venture Capital, StarVest Partners, Safeguard
Scientifics, Fifth Third Bancorp, New York Angels, Alpine Meridian, PNC Financial Services Group,
Harland Financial Solutions, TD Bank
Payment Gateway >
White Labels
$66.7M
threatmetrix.com
ThreatMetrix
(2005, San Jose)
Fraud prevention & context based authentication solution
US Venture Partners, Adams Street Partners, Tenaya Capital, August Capital, CM Capital Investments,
Technology Venture Partners, In-Q-Tel, Talu Ventures
Technology >
Security > Anti -
Fraud
$56.4M
siftscience.com
Sift Science
(2011, SF)
Machine learning optimized fraud detection
Y Combinator, First Round Capital, Insight Venture Partners, SV Angel, Founder Collective, Union
Square Ventures, Spark Capital, DN Capital, Levchin
Technology >
Security > Anti -
Fraud
$53.5M
dashlane.com
Dashlane
Password manager & digital wallet
Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab
Wallet > Semi-
Closed > Card-linked
$52.5M
BillDesk
(2000, Mumbai)
Payment gateway
SBI, General Atlantic, TA Associates, Bank of Baroda, Clearstone Venture Partners, SIDBI Venture
Capital, March Capital Partners
Payment Gateway >
APIs
$7.5M

Total
Funding
forter.com
Forter
(2013, Tel Aviv)
Identity & behavioral analytics based financial fraud detection
Sequoia Capital, NEA, Scale Venture Partners, Commerce Ventures
> Anti - Fraud
$50M
ethoca.com
Ethoca
(2005, Toronto)
Payment network to reduce frauds
Spectrum Equity, Pivot Investment Partners
> Anti - Fraud
$45M
upserve.com
Swipely
(2009, Providence)
Cloud-based payment processing and business analytics
Greylock Partners, First Round Capital, Index Ventures, Shasta Ventures, Pritzker Group
PoS Suite > Software $40.5M
zooz.com
Zooz
(2010, Tel Aviv)
Technology payment platform with smart routing facility
Kreos Capital, XSeed Capital, Kima Ventures, Access Industries, Blumberg Capital, Rhodium, Lool
Ventures, iAngels, Jaina Capital, AM Holdings, Camp One Ventures, ClalTech, Target Global,
Fang fund partners
Technology >
Platform
$40.5M
citruspay.com
Citrus Pay
(2011, Mumbai)
Payment gateway and mobile wallet
Sequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext
Payment Gateway >
Horizontal
$32.5M
dwolla.com
Dwolla
(2008, Des Moines)
Cheap money transfer
Andreessen Horowitz, Village Ventures, Union Square Ventures, Thrive Capital, CME Group,
Plug and Play Tech Center, seventysixcapital, Artists and Instigators, Marc Eck Cut, The
Members Group, VeridianCreditUnion
Payment Network >
Cardless Network
$32.5M
trustly.com
Trustly
(2008, Stockholm)
Online payment gateway for direct debit transactions.
Alfven & Didrikson, Bridgepoint Capital
Payment Gateway >
APIs > Direct Debit
$30M
gocardless.com
GoCardless
(2011, London)
Online payments solutions for recurring payments
Y Combinator, Accel Partners, SV Angel, Balderton Capital, Notion Capital, ACE and Company,
Passion Capital, Hoxton Ventures, BGF Ventures
Payment Network >
Cardless Network
$25M

Top Funded Deadpooled Companies
Total
Funding
ebillme.com
shop.eBillme.com
(2004, Brook)
Online payment solution
Canaan Partners, Business Development Bank of Canada, angelgroups.net, Celtic House
Venture Partners, Propulsion Ventures
Alternate Payment >
Offline Payment
$23M
groupay.co.uk
GrouPAY
(2011, )
Online payment gateway for SMEs Payment Gateway $19.25M
bitpass.com
bitpass
Digital Wallet
Garage Technology Ventures, RRE Ventures, Steamboat Ventures, Cardinal Venture Capital,
Amicus Capital, Constantin Partners
> Cash-based
$13.3M
mpaygateway.com
mPay Gateway
(2004, Minneapolis)
Payment Gateway (Deadlpooled)
Upfront Ventures, Appian Ventures
Payment Gateway $6.75M
isdcorporation.com
ISD Corporation
(1985, Zeeland)
Payment management software and solutions for merchants
Nationwide Mutual Capital, Prism Capital, Odin Capital Group, River Cities Capital Funds
Technology >
Platform
$6M
balancedpayments.com
Balanced Inc
(2010, SF)
Payments for P2P marketplaces & crowdfunding platforms.
Y Combinator, Andreessen Horowitz, SV Angel, Collaborative Fund, Base Ventures,
QueensBridge Venture Partners
slidepay.com
SlidePay
API for apps to accept credit cards
Data Collective, FundersClub
Technology $2.1M
kout.me
Kout
(2011, SF)
Hosted checkout and payment page for micro-merchants
Draper Fisher Jurvetson, Siemer Ventures
Payment Gateway >
APIs > Microcurrency
$1.6M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
60

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Horizontal – Most Funded Companies Sub Sector Understand Link
Acquirer Processors – Most Funded companies Sub Sector Understand Link
Payment Gateways – Most Funded Companies Sub Sector Understand Link
Technology – Most Funded Companies Sub Sector Understand Link
Wallet – Most Funded companies Sub Sector Understand Link
PoS Suite – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
63

Payments – Company List
Acquirer
Processor
Payment
Gateway
Technology PoS Suite Wallet
Payment
Network
Alternate
Payment
B2B
Payments
480 FUNDED COMPANIES AND 739 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

Acquirer Processor (1/15)
Company Overview Business Model Total Funding
First Data
(1971, Atlanta)
A leading payments processing service provider.
KKR, AlpInvest Partners $3.5B
Adyen
(2006, Amsterdam)
General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq
Capital
$266M
Tyro
(2003, Sydney)
Tiger Global Management, TDM Asset Management $103.31M
Credorax
(2007, Herzliya)
Mobile Internet Capital, Columbus Nova Technology Partners, Blumberg
Capital, FTV Capital
$80M
Financial Software Systems
(1991, Chennai)
Provider of electronic payment & financial transaction processing
solutions
$70M
TxVia
Processing for network-based payments
Village Ventures, Bain Capital Ventures, Oak Investment Partners, New
York City Investment Fund, Bain Capital, ES Ventures, Oak Investment
Partners, Future Perfect Ventures, Primary Venture Partner
$54.05M
PlaySpan
(2006, Santa Clara)
Monetization Platform for Digital Goods
Menlo Ventures, Ecosystem Ventures, Vodafone, Millennium
Technology Value Partners, Easton Capital, STIC International
$46.3M
Clearent
(2005, Clayton)
Eastward Capital Partners, FTV Capital, Augury Capital Partners $27.54M
Go to BM List >> Payment Gateway

Vogogo
(2008, Calgary)
Cormark Securities, Beacon Securities, Canaccord Genuity, Clarus
Securities, AVAC, Salman Partners
$21.35M
Venture Infotek
(1997, Mumbai)
Transaction processing and payment solutions
Kubera Partners, GIV Management, Kubera Cross-Border Fund $20M
EuroProcessing International
(1999, Oslo)
Nordic card processing company
CapMan, Reiten and Co $16M
CardInfoLink
(2010, Shanghai)
Payment based multi-solution provider
Sequoia Capital $15.1M
QSI Payments
(1991, Brisbane)
Australia based merchant acquirer
Goldman Sachs $12M
Alpha Payments Cloud
(2011, Singapore)
Universal payment ecosystem in a platform
Wells Fargo $12M
Valldata
(2011, Melksham)
payment processor for the UK non-profit sector
Livingbridge $10.1M
Clearhaus
(2011, Randers)
Provides acquiring services and payment solutions to online merchants
$9.4M

Qualpay
(2014, San Mateo)
Merchant account and payment solutions provider
Keiretsu Forum $8M
Planet Payment
(1999, Long Beach)
Acquiring and Processing services
Inter Atlantic Group, Sopris Capital, IA Capital Group $4M
ID Global Solutions
(2009, Longwood)
Multi-functional payment & anti-fraud solution
$3.69M
Balanced Inc
(2010, San Francisco)
Payments for P2P marketplaces & crowdfunding platforms.
Y Combinator, Andreessen Horowitz, SV Angel, Collaborative Fund, Base
Ventures, QueensBridge Venture Partners
$3.4M
Middle East Payment Services
(2009, Amman)
Full spectrum PSP
Burgan, MENA APPS, .burgan.com $3.3M
Mercury
(2001, Durango)
$2.25M
FortunePay
(2011, Bangalore)
e-Payments Services in India
Bessemer Venture Partners, GrowX Ventures, Mumbai Angels, Kae
Capital
$1M
Kartuku
(2001, Jakarta)
Third Party Processor and Payment Service Provider

Teller A/S
(2011, Ballerup)
Nordic merchant acquirer processor
Valitor
(1983, Hafnarfjorour)
Acquiring, card issuing & merchant services
MoneySwap
(2009, Hong Kong)
UnionPay payment acceptance solutions
Paytrek
(2015, Istanbul)
Merchant acquirer processor, payment gateway and PoS software
GHL
(, Kuala Lumpur)
End-To-End payment services enabler
Creador
IotaPay
(2013, Haslemere)
Multi-currency merchant acquirer
Honey R Capital
Emerging Markets Payments
(2012, Cairo)
Middle East and Africa based payment processor
Netpay International
(1998, Ramat Gan)
Merchant service provider

Elavon
(1991, Toronto)
Merchant acquirer, hosted gateway and PoS terminals provider
JHA Card Processing Solutions
(1963, Seattle)
White label card issuing, processing and merchant acquiring services
Nets
(2003, Ballerup)
Omnichannel payment processing services
alt thirty six
(2015, Tempe)
Payment acceptance solutions for merchants and PSPs
Century Payments
(2009, Frisco)
White label partnership based merchant acquiring solutions
Goldman Sachs, Austin Ventures, Escalate Capital, Tritium Partners
Gruppo ICBPI
(1939, Milano)
Payment processing solutions provider
Bain Capital Private Equity, Clessidra
Provus
(2001, Sisli)
Payment processor and white label prepaid card issuer processor
Turkven
Colixo
(2014, Manila)
Cloud based electronic payment solutions

Korea Cyber Payment
(1998, Seoul)
Payment Gateway and VAN service provider
EVERTEC
(, San Juan)
Provider of full service transaction processing services
POLCARD
(1990, Warsaw)
Polish merchant acquirer and white label card issuer and processor
Innova Capital
Swift Merchant Services
(2012, Cape Town)
Merchant account and payment service provider.
Chase Paymentech
(1985, Dublin)
Online and mobile payment acceptance solutions, PoS services
Paysafe
(1997, Douglas)
Full suite payment solution provider.
Dotpay
(2000, Krakow)
Payment acquiring processor and gateway service provider.
Equens
(2006, )
Provides payment processing services.

Excelsior Payment
(2015, Delhi)
Provides credit card processing services.
Rubix Services
(2015, Chicago)
Provides payment processing solutions.
Payscout
(2011, Van Nuys)
Merchant Acquiring and payment gateway API provider
RegularPay
(2010, Riga)
Merchant acquirer and payment gateway API provider
EPX Electronic Pymnt
(1979, Wilmington)
Payment solutions provider (acquiring, gateway, PoS)
Goldleaf Financial Solutions
(1990, Norcross)
Financial Technology and Services
Lightyear Capital
Switch Commerce
(2002, Irving)
ATM management and payment processing solutions.
Solutions
(1999, Redwood City)
Merchant acquirer and payment processor.
Trident Capital

Datalink Bankcard
(1989, Richardson)
Merchant acquiring mobile PoS solutions
Nation
(1997, Coral Springs)
Merchant Account Services for Card Payment Processing.
DIBS
(1998, Copenhagen)
Merchant Acquirer and Payment gateway services
MagicPay
(2010, Boca Raton)
Mobile Credit Card Processing
National Discount Merchant
Services
(2002, Manhattan Beach)
Payment Processing and Merchant Services
Pivotal Payments
(2003, Montreal)
Merchant accounts and payment processing for retail PoS business,
mail order & internet merchants.
Bregal Sagemount
ServiceRelated
(2007, Orchard Park)
Merchant account with gateway and PoS
True North Payments
(2010, Surrey)
Payment processing and gateway service provider.

Rede
(1996, Barueri)
Electronic payment processor and acquirer in Brazil
ElectraCard Services
(2006, Pune)
Third-party payment services provider
Transaction Services
(2009, Auckland)
Calera Capital
Barclaycard
(1966, London)
Payment processing and cards issuing services in the UK
Cielo
(1995, Barueri)
Merchant Acquiring solutions in Brazil
Chase Paymentech
(1985, Dallas)
Online and mobile payment acceptance solutions, PoS services
Contest Payments
(2010, Noida)
e-commerce payment processing solutions
Transact Pro
(2004, Riga)
Merchant account, payment gateway and co-branded card solutions

Altair Technologies
(2005, )
White-label Prepaid payment cards
Acemerchant Processing
(, Minneapolis)
Payment processing, checkout solutions and gift card program
management
In-Solutions Global
(1988, Mumbai)
Payment solutions provider
RFM Loyalty LLC
(2002, Dubai)
PoS terminals, merchant acquiring and white label loyalty & gift card
solutions
Cardtek Payment Processing
Services
(2009, Istanbul)
Payment acceptance, merchant acquiring and money transfer services
QPAY
(2011, Doha)
Payment and payment card solutions
evriPay
(2011, Sandton)
Providing eCommerce services to merchants
Payment Express
(2008, Ebene City)
Card issuer and processor.

Vantage Payment Systems
(2012, Casablanca)
Payment gateway and prepaid cards.
ElotPay
(2013, Lagos)
Online payment processor.
E-Cash Systems
(2010, Cape Town)
Merchant acquiring solutions in South Africa
Ecentric
(1998, Cape Town)
ATM services, PoS solutions, mobile wallet and related payment
solutions
Transact Connect
(2010, Johannesburg)
Electronic payment service provider
e-Revenue Gateway
(2010, Lagos)
Full spectrum payment services
Network International
(2001, Dubai)
Payment processor and gift & loyalty card issuer
General Atlantic, Chevron, Warburg Pincus
B2Billing Payments Inc.
(2015, Quebec City)
Payments and prepaid card solutions

Mount Hood Payments
(2015, Vancouver)
Payment gateway and merchant account services
ACI Worldwide
(1975, Singapore)
Payment systems provider
Onpex
(2010, Munich)
White-label payment gateway and merchant acquirer
Aurfy
(2014, Sunnyvale)
Payment processor and acquirer.
Postbank P.O.S. Transact
GmbH
(2001, Eschborn)
Merchant acquirer and POS services
Paycorp
(1996, Sydney)
Payment Solutions Company
Vantiv
(1971, Cincinnati)
Electronic payments processor
Advent International
Paynamics Technologies
(2010, Makati)
Merchant payment solutions provider
Beenos

TransFirst
(1995, Aurora)
Credit Card Processing/Merchant Accounts
American Capital, Vista Equity Partners, Welsh, Carson, Anderson &
Stowe XI
SecurePay
(1999, Melbourne)
Online payment gateway
Advent Private Capital
TSYS
(1982, Columbus)
Provides electronic payment processing
Monext
(2008, Paris)
White label card services, Gateway, (m)POS and acquiring solutions
Card One International
(1998, Los Angeles)
Card One Internationalhttp://Card1.com
The Mint Corporation
(2009, Dubai)
Gateway, POS and prepaid payroll card services
PayOnline
(2008, Moscow)
Online merchant acquirer
Stax
(2015, North)
Merchant Account provider

iPayWay, SE
(2014, Prague)
Gateway and Processor
PensoPay
(2014, Kokkedal)
Gateway and Acquirer
iPSP Limited
(2013, Moscow)
Gateway, Acquirer, and payment platform for third party business.
Worldline Global
(1970, Bezons)
Payments and transactional services
PsiGate
(1998, Toronto)
Virtual POS, merchant acquirer, recurring billing and sales analytics
NETbilling
(1998, Valencia)
Payment gateway, processor and POS solutions
Cayan
(1998, Boston)
Payment gateway and merchant acquirer
Parthenon Capital Partners
Payment Principals
Payment gateway, merchant acquirer and merchant account provider

Vision Payment Solutions
(, Portland)
Merchant services including capital advance, L3 processing, gateway &
POS
Sync Payments
(2010, Des Peres)
Payment processing and Gift card issuing services
Electronic Payments
(2000, Calverton)
Payment Gateway and Processor, POS, e-gift services
Super G Funding
Amber Hayward
(2010, London)
Payment Acquirer and Processor, fraud services
Payvision
(2002, Amsterdam)
Global payments processor and acquirer
Worldpay
(1993, London)
Payment services and analytics
Advent International, Bain Capital Ventures

Payment Gateway (1/72)
GrouPAY
(2011, )
Online payment gateway for SMEs
$19.25M
Pace Payment
(1999, Stevenson Ranch)
Payment gateway and PoS software provider
Claritas Capital $19M
i3 Verticals, LLC
(2012, Nashville)
Bank of America, Harbert Management, CapStar Bank, First Avenue,
Pinnacle Financial, First Bank of Tennessee, Tennessee Bank and Trust,
Capital Alignment Partners
$10.3M
mPay Gateway
(2004, Minneapolis)
Payment Gateway (Deadlpooled)
Upfront Ventures, Appian Ventures $6.75M
ChinaPNR
(2006, Shanghai)
Payment services provider
Bain Capital Ventures, Harbourvest Partners, Walden International,
Bain Capital, fidelitygrowthpartners.com, Keytone Ventures, Eight
Roads Ventures
$6.7M
Grant Street
(1997, Pittsburgh)
Online tax collection, auction house and PCI-DSS 1 payment processor
The Carlyle Group $6M
Fattmerchant
(2014, Orlando)
Subscription based Payment services
venVelo, Florida Opportunity Fund, The FAN Fund, venVelo, Wet Paint
Ventures, Florida Angel Nexus
$3M
Acquirer
Processor
<< Go to BM List >> Technology

PingPong
(2015, Hangzhou)
Cross-border payment gateway platform
Fidelity Growth Partners $2.25M
AllPayx
(2015, Shanghai)
Payment gateway for cross-border transactions
$1.5M
Plasso
(2012, Carlsbad)
Payments Made Simple
AngelList $1.2M
Simply Easier Payments
(2006, Durham)
Online Payment Gateway
$1.15M
OneTouch Purchasing
(2003, Bet Shemesh)
online payment processing
The Zitelman Group $1.1M
Monexa
(1998, Vancouver)
On-Demand subscription billing
Yaletown Partners, Penderfund Capital Management $1M
PagoFácil
(2010, Mexico City)
Online payment gateway.
$1M
payever
(2013, Hamburg)
High-Tech Grunderfonds $555k
Acquirer
Processor

ogone
(1996, Brussels)
Payment Services (Has merged with easycash, easycash Loyalty
Solutions, Tunz.com and Axis to form Ingenico Payments)
E-Merge, Belcube
$500k
intelworld
(2011, Kampala)
Solution Development
$60k
Olpays
(2015, Mendoza)
Payment platform
$50k
ZilloPay
(2007, Austin)
Online Payments
$25k
PayTipper
(2011, Milan)
Bill payment and money transfer service provider
Algocharge
(2012, Nicosia)
Payment gateway services provider
SSL Commerz
(2007, Dhaka)
Signio
(1995, Redwood Shores)
Online payment acceptance solutions provider
Trident Capital
Acquirer
Processor

SmoovPay
(2008, Singapore)
Credit card payment service provider for online businesses
Wangyin
(2004, Beijing)
Third party payment solution provider
Siam pay
(2006, Bangkok)
An electronic payment service
PayMe Service
(2014, Tel Aviv)
Payment gateway
PlacetoPay
(2015, Medellin)
PCI level 1 certified payment gateway
Pagomío
(2012, Medellin)
Online payment acceptance and shopping cart plugin
Zipbit
(2012, Auckland)
Bitcoin payment processor
GetPaywall
(2014, )
Payment aggregation platform for merchants to sell globally through
content monetization
Acquirer
Processor

Cannabis Payments
(2014, Minneapolis)
Payment acceptance service for MMJ business.
Cannabis Funding Group
GMO Payment Gateway
(2012, )
Payment gateway service provider.
Nippon Venture Capital, NTT Finance
Skrill
(2001, London)
Online money transfer and wallet provider
CVC Capital Partners, Idinvest Partners
Quicky Coin
(2014, Hong Kong)
Bitcoin exchange with payment processing
MKPayment
(2011, Berlin)
Technology provider for prepaid payment systems.
Redalpine
Continuum Commerce
(2000, Tralee)
Cross-border B2C payment acceptance
NetCash
(2002, Cape Town)
Credit card processing solutions
Paykaro
(2016, Bangalore)
Payments startup in stealth mode
Acquirer
Processor

PayDirect
(2002, Lagos)
Bill payment and payment gateway
Axia Payments
(1999, Santa Barbara)
Payment processing solutions
PayDollar
(2000, Kuala Lumpur)
B2C & B2B payment acceptance solutions provider
Paymently
(2015, Troy)
Payment acceptance solutions without any markup fees
Red Payments
Payment acceptance solutions and Business financing
Payzone Ireland
(1980, Dublin)
Consumer payment network, payment gateway and gift card services
The Carlyle Group, Duke Street, Cardinal Capital Group
Noca Inc.
(2009, Menlo Park)
Online payment processing
Ecosystem Ventures, Polytech Ecosystem Ventures
Unified Payments
(2010, )
Mobile payments and value added transaction service provider
Acquirer
Processor

Blackgateway
(2015, Hong Kong)
High-risk cards payment solution provider
Vault Payments Group
(2013, Clarkston)
Payment processing services
Setcom
(1998, Sandton)
Grovest
MOL Global
Micropayment system for online game credits
EFT Canada
(2003, Toronto)
Gateway and white label gift & loyalty card solutions
19PAY
(2005, Beijing)
Online payments and recharge portal
Sequoia Capital, Zero2IPO
Oceanpayment
(2014, Shenzhen)
Payment service provider
Gopay
(2011, )
third-party payment services for governments and corporations
Acquirer
Processor

Inpendium
(2012, Singapore)
An online payment service provider
Faspay, PT. Media Indonusa
(2003, Jakarta)
Payment gateway service provider
(2012, Hanoi)
Online payment gateway service provider
123Pay
(2004, Ho Chi Minh City)
FirstPay
(2014, Jakarta)
Payment gateway for online businesses
Paysia
(2015, Bangkok)
Online payments solution for websites
Gateway Plus
(2016, )
Real time settlement gateway service provider.
easypay
(2000, Lisbon)
Payment gateway provider.
Acquirer
Processor

Eyowo
(2011, Lagos)
PayZippy
(2013, Bangalore)
Flipkart payment gateway and wallet service
Pay Malaysia
Online payment gateway in Malaysia.
Paytm Payments
(2009, Noida)
Online payment gateway and mobile wallet
PayTap
(2010, )
Social bill payment
Tech Wildcatters, Precept Capital Management
Glide
(2015, Lekki)
Online payment service provider.
Websecpay
(2010, Valletta)
Internet Payment Service Provider
InstaPayment
(2005, Westlake Village)
Online Payments
Acquirer
Processor

Sumpay
(2007, Hangzhou)
Payment services and gateway solution
Przelewy24
(2003, Poznan)
Payment service provider.
Moneta.ru
(2005, Moscow)
e-Wallet and payment gateway provider.
HealthPay24
(2001, Mechanicsburg)
Point-of-service Collection Management Software for Hospitals
Payboutique
(2010, Nicosia)
Payment gateway for Russia and neighbouring countries
Global Payment Gateway
(2009, Ariana)
Payment service provider
Alternative Capital Partner
eDinars
(2015, Algiers)
Online transaction solution for Algeria
Masary
(2009, Giza)
Payment gateway of Egypt
Acquirer
Processor

epay.dz
(2011, Algiers)
Payment gateway and deposit account
Fast Payment S.A
(2013, Casablanca)
Cross platform payment service provider
CashEnvoy
(2009, Lagos)
Online payment platform in Nigeria.
OnlineNaira
(, Lagos)
OnlineNaira is the Payment Gateway for Africa.
PayU SA
(2011, Cape Town)
Payment processing and e-wallet services
Setcom
(1998, Sandton)
Payment gateway in South Africa
Bardo
(2001, Nairobi)
Online payment gateway and PoS solutions.
Gate2Payments
(2015, Copenhagen)
Payment Gateway services
Acquirer
Processor

PayZen France
(2001, Toulouse)
e-payment gateway
T Midtrans
(2012, Jakarta)
Payment gateway for ecommerce merchants
GOPAY
(2007, Budweis)
Payment gateway and wallet
PayOnyx
(2015, Brisbane)
Prepaid cards and payment gateway services
DusuPay
(2015, )
Online Payment gateway
CashSender
(2010, Vancouver)
Lowcost online payment site
WebPay
(2007, Minsk)
Payment gateway services
Litle
(2001, Lowell)
Acquirer
Processor

PesoPay
(2006, Makati)
GOPAY s.r.o.
(2009, Budweis)
Payment gateway by GoPay
Lyra Network
(2001, Labege)
Secured payment network for offline and online transactions
PacNet Services Ltd.
(1994, Vancouver)
PacNet Services offers local-currency payment solutions to Internet and
Direct Response marketers around the globe.
TenPay
(2005, Shenzhen)
Third-party payment platform
Yijifu
(2011, Chongqing)
Online Cross-Border Payment Services
Yeepay
(2003, Beijing)
online and offline third-party financial payment services
TA Associates, Draper Fisher Jurvetson, Intel Capital, Harbinger Venture
Management, WR Hambrecht , DFJ Dragonfund, Huawei, Far East
Ventures
allpago
(2008, Sao Paulo)
International payment gateway provider for Latin America
Acquirer
Processor

Allied Wallet
(2002, London)
Wallet and payment gateway
E-xact
(1998, Vancouver)
E-xact Transactions
Better Payment
(2014, Berlin)
Instabill
(2001, Greenland)
Merchant Services, Payment Processor
Multipay S.A.
(2008, Bogota)
Provides online payment gateway services.
IP Payments
(2003, )
Provides cloud based payments solutions.
eWAY
(1998, Phillip)
Payment gateway provider
Payscape
(2004, Atlanta)
Mobile and web-based payment solutions provider.
Acquirer
Processor

eMerchantPay
(2002, Sofia)
Online payment processing services provider
PaybyMe
(2010, Istanbul)
Payment services provider
Kalixa
(2006, London)
Online payment platform
Creditcall
(1997, Bristol)
Bestport Ventures, Shackleton Ventures, STONEHAGE FLEMING
PRIVATE EQUITY
voguepay
(2012, Ikeja)
Africa-focussed online payment processor
Direcpay
(2008, Mumbai)
Payment Gateway through internet and IVRS
Airpay
(2012, Mumbai)
Payment gateway solutions.
Realex Payments
(2009, Dublin)
European payment service provider
Saints Capital
Acquirer
Processor

Paymentwall
Global Payments for digital goods
Powa
(2007, London)
PoS and gateway solutions for merchants and e-commerce.
Wellington Management APIs $176.7M
99bill
(2004, Shanghai)
Online payment services provider
DCM Ventures, Peninsula Capital Partners, Lightspeed China Partners APIs $96.57M
WePay
(2008, Palo Alto)
Y Combinator, Highland Capital Partners, 500 Startups, Webb
Investment Network, Ignition Partners, August Capital, FTV Capital,
Continental Investors, Fuel Capital, Rakuten
APIs $73.75M
Braintree
(2007, Chicago)
Online and mobile payment gateway
Accel Partners, NEA, Greycroft Partners, RRE Ventures APIs $70M
YapStone
(1999, Walnut Creek)
Technology & Electronic Payments Company
Accel Partners, Meritech Capital, Comerica, TPG, Bregal Sagemount,
Colony Capital, Gilbert Global, Bregal Sagemount
APIs $55.4M
CardConnect
(2006, King Of Prussia)
A provider of payment processing and technology services
FTV Capital APIs $50M
IPP of America
(1993, )
Electronic Bill payment services
APIs $24.3M
Acquirer
Processor

SecureNet PayOS
(1997, Austin)
Mobile Payment solution provider.
Sterling Partners APIs $18M
Paymill
(2012, Munich)
Payment processing startup
Sunstone, Holtzbrinck Ventures, Blumberg Capital, Rocket Internet APIs $18M
Billeo
(2003, Santa Clara)
An ad commerce platform
Altos Ventures, ATA Ventures, Claremont Creek Ventures, Pacifica Fund,
Claremont Creek Ventures
APIs $15.26M
Transerv
(2011, Mumbai)
Digital payments solution provider
Micromax Informatics, IDFC, Nirvana Ventures Advisors, Faering Capital APIs $15M
Razorpay
(2014, Bangalore)
Payment gateway solutions
Y Combinator, MasterCard, Tiger Global Management, Matrix Partners,
GMO Venture Partners
APIs $11.5M
2C2P
(2008, Singapore)
Provider of payment gateway and alternative payment solutions
Infocomm Investments, Digital Media, Amun Capital, Arbor Ventures,
GMO Payment Gateway, GMO Venture Partners, SafeCharge
APIs $10M
Fusebill
(2011, Kanata)
Subscription Billing & Management
OMERS Ventures, Covington Funds, Scale-Up Venture Capital APIs $8M
Billdesk
(2000, Mumbai)
Payment gateway
SBI, General Atlantic, TA Associates, Bank of Baroda, Clearstone
Venture Partners, SIDBI Venture Capital, March Capital Partners
APIs $7.5M
Acquirer
Processor

PAYONE
(2003, Kiel)
Omni-channel platform for online payment acceptance
APIs $7M
Kopo Kopo
(2010, Nairobi)
Web based mobile payment gateway
Javelin Venture Partners, Plug and Play Tech Center, First Light
Ventures, Accion, Accion Labs, Khosla Impact
APIs $6.42M
PayPlug
(2012, Paris)
Provider of APIs for embedded payments
Anaxago APIs $5.55M
MC Payment
(2005, Singapore)
Payment platform and solutions
ESW Manage, Golden Equator Capital APIs 4.5M
PayU Latam
(2004, Buenos Aires)
Latin American payment gateway
APIs $3.6M
PayU
(2002, Hoofddorp)
Payment processing and e-wallet services
APIs $3.6M
CloudPayments
(2013, Moscow)
Titanium Investments APIs $3.4M
Pin Payments
(2011, Melbourne)
Payment Processing for Developers
Dominet APIs $3.1M
Acquirer
Processor

BeeCloud
(2014, Suzhou)
Payment gateway API provider
Frees Fund, Geek Founders, Sino-US venture capital, Co-energy Wealth APIs $2.15M
PayU Romania
(2004, Bucharest)
PayU group gateway based in Romania
GECAD APIs $2M
WebPay
(2010, Tokyo)
Stripe-like credit card payment platform for developers.
Cyberagent Ventures, archetype, GMO Payment Gateway APIs $1.34M
Sezzle
(2016, Charlotte)
Web and mobile based ACH payment enabler.
E-Merge APIs $1.1M
Paytrail
(2007, Helsinki)
Payment gateway and online wallet for Finnish businesses
Midinvest APIs $1.03M
Red Dot Payment
(2011, Singapore)
GMO Venture Partners, Wavemaker Partners, MDI Ventures APIs $1M
ZaakPay
(2010, Delhi)
In-App payments gateway
APIs $1M
Peach Payments
(2013, Cape Town)
Online payments in emerging markets
88mph APIs $1M
Acquirer
Processor

Push Payments
(2016, Fort Lauderdale)
Real-time payment API switch
APIs $700k
Fastr
(2014, Amsterdam)
Online payment checkout service provider.
PPM Oost, A APIs $353.6k
SimplePay
(2011, Lagos)
Online payments service provider
Seedstars World, boi.ng APIs $330k
SericaPay
Blockchain based payment gateway API
Y Combinator APIs $120k
AgentCASH
(2015, London)
Point of sale and online gateway service provider.
Techstars, Barclays Accelerator APIs $100k
Payment plugin
(2013, Kiev)
Payment gateway provider to facilitate online payments for SMBs.
Internet Initiatives Development Fund APIs $25k
JForce
(2004, Kortrijk)
Payment solution provider for online and offline payments.
APIs
Swipe
(2015, Riga)
Online invoicing and payment gateway.
APIs
Acquirer
Processor

Simplify Commerce
(2013, Ireland)
Payment gateway and merchant account.
APIs
TurkPoS
(2015, Ankara)
PoS and mPoS software and Payment Gateway API
APIs
Flutterwave
Payment gateway API provider in Africa.
500 Startups, CRE Venture Capital, VC Fintech APIs
Mony Payments
(2000, Melbourne)
Payment gateway service.
APIs
Nochex
(1999, Leeds)
Payment gateway provider to merchants
APIs
Paylike
(2015, Aarhus)
Payment Gateway API and merchant aggregator
APIs
Payguru
(2015, Istanbul)
Mobile payment platform
APIs
IPaymu
(2011, Jakarta)
Provides online payment solutions
APIs
Acquirer
Processor

Fat Zebra
(2011, Sydney)
Payment Gateway API
APIs
Ezypay
(1996, Chatswood)
Subscription billing API provider
APIs
PayU Colombia
(2010, )
PayU Colombia
APIs
InstaPago
(2013, Caracas)
Web gateway API and mobile checkout
APIs
1Pay
(2013, Hanoi)
Mobile payment service provider for merchants
APIs
Ezidebit
(1998, Newstead)
PCI level 1 compliant payment gateway API
APIs
Nubepago
(2014, Buenos Aires)
Payment solution to accept payments.
APIs
helloPay
(2014, Singapore)
Platform for payment solution
APIs
Acquirer
Processor

Fuqian.la
(2015, Shanghai)
Payment gateway SDK and API provider
China Growth Capital APIs
Amplify Payments
(2016, Lagos)
Payment gateway API for subscription billing
APIs
Concerto
(2008, Mumbai)
Software and solutions for electronic payments.
Bay Partners APIs
GoldenPay
(2009, Baku)
Online payment solution for e-commerce.
Infipro APIs
Casheer
(2014, Miami)
Mobile wallet and payment processing solution.
APIs
PayGreen
(2012, Paris)
Payment gateway service.
Fair West APIs
Echosat
(1973, Lexington)
Payments security, firewall and network solution provider.
APIs
Kashing
(2014, London)
Payment gateway and merchant account provider.
APIs
Acquirer
Processor

Payson
(2004, Stockholm)
Online payment service provider.
Provider Venture Partners APIs
1APP8
(2013, Milano)
Shopping and payment via mobile.
APIs
eTranzact (UK) Ltd
(2002, Lagos)
Mobile banking and commerce, prepaid account, international money
transfer service APIs
Fastcash
(2010, Sao Paulo)
API for online payment acceptance.
APIs
CashFlows
(2006, Cambridge)
Merchant payment processing service.
Pollen Street Capital APIs
UniversePay
(2015, Riga)
Payment gateway solution provider.
APIs
Pago Payment Solutions
(2015, Curitiba)
Online payment solution provider.
APIs
Tpaga
(2015, Bogota)
Online payment gateway provider.
APIs
Acquirer
Processor

Barion
(2013, Budapest)
Wallet and gateway service.
APIs
Paydunya
(2015, Dakar)
Payment API for merchant payments.
APIs
PayU Argentina
(2011, )
Payment processing and e-wallet services in Argentina
APIs
TheECheck.Com
(2011, Cleveland)
Payment Gateway API provider
APIs
Kiwipay
(2009, Nelson)
Online card payment acceptance.
APIs
AlgoPay
(2015, Limassol)
Secure payment acceptance solutions provider
APIs
Payment system
(2015, )
Open source payment gateway API
APIs
PayLane
(2005, Gdansk)
APIs
Acquirer
Processor

Paylike
(2015, Aarhus)
Payment gateway API provider.
APIs
Simplepay
(2011, Lagos)
Payment gateways through API
APIs
TeleCash
(1991, Bad Vilbel)
Electronic payment solutions and support service provider.
APIs
TrustPay
(2009, Bratislava)
Online payment gateway service provider.
APIs
Monei
(2011, Barcelona)
APIs
PayVector
(2007, London)
Payment gateway and virtual PoS service provider.
APIs
Expay Group Co.
(2014, Pattaya)
Online payment gateway in Thailand
APIs
VMoney
(2012, Makati)
Online payments for businesses and consumers
APIs
Acquirer
Processor

Thailand TopUp
(2012, Bangkok)
Topup credit for prepaid users
APIs
PadiPay
(2013, Jakarta)
Payment channel service provider
APIs
PaySec
(2014, Singapore)
Debit card payment solution provider for e-commerce businesses
APIs
AsiaPay Philippines
(2006, Manila)
Internet payment service and technology provider
APIs
Ripple
(2014, Yogyakarta)
Online payment gateway in Indonesia
APIs
mbeddo
(2015, London)
Integrated payment button for social media
APIs
HyperPay
(2010, Amman)
Payment API gateway service provider.
APIs
myPOS
(2009, Spain)
Point of sale payment acceptance service provider.
APIs
Acquirer
Processor

iPay
Payment gateway API service provider.
APIs
Paymentez
(2008, Miami)
Payment gateway and prepaid card service providers.
APIs
Pagosonline
(2005, Bogota)
Online payment gateway service provider.
APIs
Xsolla
(2005, Sherman Oaks)
Storefront management and billing solutions for online game payments
APIs
AsiaPay Vietnam
(2010, Ho Chi Minh City)
APIs
AsiaPay Malaysia
APIs
Umoja Pay
(2012, Nairobi)
Payment gateway API, bill payment and online recharge
APIs
Bantu Pay
(2010, )
Payment gateway technology provider.
APIs
Acquirer
Processor

1Login
(, )
Automatic Check out enabler.
APIs
Circulo Payments
(2014, London)
APIs
Culqi
(2013, Limache)
API based payment gateway.
Wayra APIs
Openpay
(2013, Santiago De Queretaro)
Provides API based payment gateway.
APIs
StaplePay
(2015, Uyo)
API payment gateway services
APIs
Newgen
(2014, Delhi)
Payment Gateway solution and end-to-end ecommerce store builder.
APIs
Mondido
(2014, Stockholm)
APIs
BOI Payment Acceptance
(2015, Dublin)
APIs
Acquirer
Processor

PayFacile
(2015, )
Online payment gateway for e-commerce merchants.
APIs
Beanstalk Payment
Technologies
(2015, )
API based payment gateway provider.
APIs
PayBrisk
(2015, Delaware)
API based payment gateway provider.
APIs
PushVendor
(2015, El Paso)
Provides online payment gateway.
APIs
Paychoice
(2010, Melbourne)
Payment gateway API
APIs
Fast Charge Gateway
(2003, Spokane)
APIs
(1995, Cherry Hill)
Payment processing API service provider.
APIs
Dinero Payments
e-commerce payments service provider.
APIs
Acquirer
Processor

senangPay
(2015, Petaling Jaya)
APIs
White Payments
(2014, Dubai)
APIs
PagBrasil
(2010, Porto Alegre)
APIs
MundiPagg
(2012, Sao Paulo)
APIs
Pagar.me
(2013, Sao Paulo)
Payment gateway solution provider.
APIs
CashFree
(2015, Bangalore)
Plug-n-play APIs for payments and banking
APIs
Tarang
(2000, Bangalore)
Electronic payments solution provider to banks and retail stores
Sequoia Capital, Westbridge Capital, GIV Management APIs $5.5.M
SellMojo
(2013, Mumbai)
SaaS based social commerce platform and online marketplace
APIs
Acquirer
Processor

Payd
(2013, Kochi)
India's Free & Instant Payment System • Incubated in Startup Village,
Cochin APIs
Moip Payments
(2008, Sao Paulo)
Online Payment API
Ideiasnet S.A. APIs
Mango
(2013, America)
Kima Ventures APIs
AMG Secure Pay
(2008, )
Virtual terminal and payment gateway provider.
APIs
ClearGate
(2005, Reno)
APIs
Anywhere Commerce
(2006, Montreal)
Mobile payment white label solution provider.
APIs
PayTabs
(2013, Manama)
Payment processing and fraud prevention service provider.
APIs
Payhub
(2011, Dallas)
Merchant payment service provider.
APIs
Acquirer
Processor

1stPayGateway.Net
(2010, Cherry Hill)
Full suite payment solution provider.
APIs
Pagantis
(2011, Madrid)
Online Payment Solutions
APIs
Moolah
(2011, Capistrano Beach)
APIs
USAePay
(1998, Los Angeles)
Credit Card Payment Gateway API
APIs
ChargeNational
(2010, Montreal)
Canadian payment processing company.
APIs
iPayment Inc
(1997, Nashville)
Online and retail payment processing solutions provider.
Summit Partners, Claritas Capital APIs
Billplz
(2012, Shah Alam)
Billing and payment solution service provider
Cradle Fund, Mavcap APIs
Go Processing
(2009, Delhi)
Payment processing solutions and payment services for businesses
APIs
Acquirer
Processor

DalPay
(2004, Dalvik)
APIs
PayUbiz
(2011, Gurgaon)
APIs
Gateway.tools
Ripple gateway provider.
APIs
Tide Payments
Ripple based financial service provider.
APIs
CASHU
(2002, Dubai)
Online payment gateway for Middle Eastern companies.
Jabbar APIs
Besteron
(2015, Bratislava)
APIs
Pay with Paytm
(2012, Delhi)
Payment Gateway by Paytm
APIs
HighRisk Gateways
(2011, Noida)
High risk payment gateway & Virtual Terminal
APIs
Acquirer
Processor

Future Payment
(2013, Dallas)
Provides electronic payment processing services
APIs
Fibonatix
(2013, Ramat Gan)
Payment gateway API and consultancy services
APIs
Faturah
(2005, Jeddah)
Payment gateway and e-commerce store
APIs
Telr
(2013, Dubai)
Payment gateway API and online shopping store
iMENA Group, Hatcher APIs
KlickPay
(2013, Gurgaon)
Payment gateway by Snapdeal
APIs
PayWay
(2009, Kampala)
PoS and Payment gateway API
APIs
iNgwee
(2007, Lusaka)
Payment gateway for Zambia
APIs
SnapBill
(2011, Pretoria)
Automated Billing System
APIs
Acquirer
Processor

iPay
(2011, Accra)
Payment Gateway
APIs
AfroPay
(2013, Sarasota)
Payment gateway solutions with prepaid debit card
APIs
i-Pay
EFT payment service provider
APIs
MonsterPay
Online payment acceptance solutions
APIs
ipay
(2010, Nairobi)
Checkout software solutions and wallet services
APIs
Applied Payments
Payment architecture and software service provider.
APIs
CX Pay
(2015, Willemstad)
Merchant solutions provider in Curacao
APIs
Lemonway
(2007, Montreuil)
A payment gateway and fraud prevention solution provider
APIs
Acquirer
Processor

GoInterpay
International Payment Gateway
APIs
NAB Velocity
(2014, Denver)
Payments as a Service
APIs
Chec
(2012, London)
URL based payment platform
10Xelerator APIs
Cyndor
Real time payment acceptance APIs
APIs
NihaoPay
(2014, Sunnyvale)
Payment gateway APIs for international merchants to Chinese
customers
Correlation Ventures
APIs
Paycorp Holdings
Payment services provider and white label card issuer-processor.
Actis APIs
Zwitch
(2013, Bangalore)
On site/app payment processing
APIs
SilkPayments
(2014, Parma)
API connecting to Gateway
APIs
Acquirer
Processor

AstroPay
(2009, London)
Online Payment gateway solution provider
APIs
Plug n Pay
(1996, Hauppauge)
Payment processing solutions
APIs
Authorize.Net
(1996, American Fork)
Payment Gateway and POS
APIs
SecurionPay
(2014, Wollerau)
API based payment gateway provider
APIs
Accepton
Plug-in for online payments
500 Startups APIs
Conekta
(2011, Mexico City)
Payments API provider in Latam
500 Startups, Maiden Lane APIs
Transecute
(2001, Mumbai)
Online payment solution provider to merchants for accepting payments
APIs
Forte
(1998, Allen)
Single source payment solution for enterprise
APIs
Acquirer
Processor

Accumulus
(2011, Portland)
Recurring payments management
APIs
ChargeOver
(2011, Minneapolis)
Recurring Billing service
APIs
Coinbase
Y Combinator, Andreessen Horowitz, SV Angel, Union Square Ventures,
New York Stock Exchange, DFJ Growth, IDG ventures, Ribbit Capital,
FundersClub, USAA, BBVA, Interplay Ventures, Mitsubishi UFJ Capital,
Valor Capital Group, NTT DOCOMO, Smartex, Reinventure Group,
Vayner/RSE, Blockchain Capital, The Bank of Tokyo-Mitsubishi UFJ, Sozo
Ventures, Propel Venture Partners
APIs > Alternative Currency $117.23M
Blockchain
Bitcoin wallet service and blockchain navigation
Lightspeed Venture Partners, Prudence Holdings, Future Perfect
Ventures, Mosaic Ventures
APIs > Alternative Currency $30M
BTCC
(2011, Shanghai)
Bitcoin mining, exchange, wallet and gateway APIs
Lightspeed China Partners, Blockchain Capital, Digital Currency Group APIs > Alternative Currency $5M
SnapCard
Bitcoin wallet & payment processor
Plug and Play Tech Center, Great Oaks Venture Capital, Fortress
Investment Group, Boost VC, Crypto Currency Partners, Krillion
Ventures, Blockchain Capital
APIs > Alternative Currency $3M
GoCoin
(2013, Douglas)
Bitcoin Payment Gateway
500 Startups, Stephens Investment Management, VoiVoda, Prolific
Venture Capital, BitAngels, Ruvento Ventures, Bitcoin Shop, Linden
Mobile Ventures, Gawminers, Blockchain Capital, BitFury Capital
APIs > Alternative Currency $2.05M
Acquirer
Processor

Tracxn Research: Payments Landscape, October 2016

Tracxn Research: Payments Landscape, October 2016

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

En vedette

En vedette (20)

Similaire à Tracxn Research: Payments Landscape, October 2016

Similaire à Tracxn Research: Payments Landscape, October 2016 (20)

Plus de Tracxn

Plus de Tracxn (20)

Dernier

Dernier (20)

Tracxn Research: Payments Landscape, October 2016