Paymentus
Founded Year
2004Stage
IPO | IPOTotal Raised
$21.5MDate of IPO
5/26/2021Market Cap
1.92BStock Price
15.65About Paymentus
Paymentus (NYSE: PAY) is a bill payment service provider that is commercializing a patent-pending, electronic payments solution that enables billing companies, banks, and payment portals to offer payments and a breadth of electronic payment methods (credit cards, debit cards, and eChecks) for both one-time and recurring bill payment transactions.
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Expert Collections containing Paymentus
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Paymentus is included in 2 Expert Collections, including Conference Exhibitors.
Conference Exhibitors
5,302 items
Fintech
8,086 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Paymentus Patents
Paymentus has filed 23 patents.
The 3 most popular patent topics include:
- Payment systems
- Community websites
- Mobile payments
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/20/2021 | 8/15/2023 | Data security, Computer security, Computer networking, Computer network security, Cryptography | Grant |
Application Date | 8/20/2021 |
|---|---|
Grant Date | 8/15/2023 |
Title | |
Related Topics | Data security, Computer security, Computer networking, Computer network security, Cryptography |
Status | Grant |
Latest Paymentus News
Sep 18, 2023
JHVEPhoto/iStock Editorial via Getty Images Paymentus Holdings (NYSE: PAY ) stock gapped down 5% in Monday premarket trading after Baird analyst David Koning downgraded the provider of cloud-based bill payment technology and solutions to Neutral from Outperform. With the stock surging nearly 100% year-to-date, its valuation has ramped up, trading at more than six times 2024 estimated revenue, and "it may be tougher for a big incremental move from here," Koning wrote in a note. That, in turn, makes the risk-reward profile more balanced, he added. SA's Quant system gave PAY a Valuation Grade of "F," with some of the poorest marks in price-to-earnings, price-to-book and enterprise value-to-EBITDA. In addition, "key elements of our thesis have played out (energy inflation has waned, incremental EBITDA margins have remained high, stock comp has been added back to adjusted EPS, and the stock has rallied)." The Neutral rating aligns with the Quant rating of Hold and diverges from the average sell-side analyst rating of Buy.
Paymentus Frequently Asked Questions (FAQ)
When was Paymentus founded?
Paymentus was founded in 2004.
Where is Paymentus's headquarters?
Paymentus's headquarters is located at 18390 NE 68th St., Redmond.
What is Paymentus's latest funding round?
Paymentus's latest funding round is IPO.
How much did Paymentus raise?
Paymentus raised a total of $21.5M.
Who are the investors of Paymentus?
Investors of Paymentus include Accel-KKR, GrowthWorks and Relay Ventures.
Who are Paymentus's competitors?
Competitors of Paymentus include Neural Payments and 3 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Paymentus to Competitors
TouchBistro is an iPad-based restaurant management platform. It offers an integrated payments solution designed to meet the needs and fast pace of the food service industry. The firm was founded in 2011 and is based in Toronto, Canada.
Bilt Rewards offers a rewards program that allows users to earn points on paying rentals for apartment homes. The reward points can be redeemed through various ways such as flight tickets, reduced rents, and fitness places. It caters to rent payers in New York. The company was founded in 2021 and is based in New York, New York.
Fast Enterprises provides software and information technology services. It offers integrated tax processing, unemployment insurance, and motor vehicle administering software solutions, as well as consulting, planning, and managing projects, installing, and configuring services. It is based in Centennial, Colorado.
Melio provides financial and payment services. It offers a digital platform for paying vendors, suppliers, and contractors by bank transfer, credit, and debit cards. The platform helps small businesses and their suppliers to receive and transfer payments. It was founded in 2018 and is based in New York, New York.
PMTsolutions provides solutions for cashless services. Its eFinance suite offers a transaction overview with cash flow and reconciliation information. It provides services such as credit and debit cards, transaction management web applications, mobile apps, online and offline prepaid card services, and more. PMTsolutions was founded in 2016 and is based in Stuttgart, Germany.
Gravity Payments processes debit and credit card payments for small and midsize merchants in nearly all 50 states.
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