OverviewSuggest Edit

Paymentus is a company that provides secure electronic bill presentment and payment services. It operates a SaaS-based platform that enables direct-bill organizations to provide electronic billing and payment services. The company serves utility, financial service, insurance, government, telecommunication, and healthcare industry.
TypePublic
Founded2004
HQRedmond, WA, US
Websitepaymentus.com
Employee Ratings4

Latest Updates

Employees (est.) (Mar 2021)900(+260%)
Revenue (FY, 2021)$395.5 M(+32%)
Share Price (May 2022)$13.7(+8%)
Cybersecurity ratingAMore
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Key People/Management at Paymentus

Dushyant Sharma

Dushyant Sharma

CEO, President, Board Director
Matt Parson

Matt Parson

Chief Financial Officer
Jerry Portocalis

Jerry Portocalis

Chief Commercial Officer
Robert Palumbo

Robert Palumbo

Board Director
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Paymentus Office Locations

Paymentus has offices in Redmond, Charlotte, Blacksburg, Richmond Hill and in 3 other locations
Redmond, WA, US (HQ)
18390 NE 68th St
Charlotte, NC, US
13024 Ballantyne Corporate Pl #450
Richmond Hill, CA
1595 16th Ave
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Paymentus Financials and Metrics

Paymentus Revenue

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Paymentus's revenue was reported to be $395.52 m in FY, 2021
USD

Revenue (FY, 2021)

395.5m

Gross profit (FY, 2021)

121.4m

Gross profit margin (FY, 2021), %

30.7%

Net income (FY, 2021)

9.3m

EBIT (FY, 2021)

10.4m

Market capitalization (13-May-2022)

1.6b

Closing stock price (13-May-2022)

13.7

Cash (31-Dec-2021)

168.4m

EV

1.5b
Paymentus's current market capitalization is $1.6 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

235.8m301.8m395.5m

Cost of goods sold

161.3m209.1m274.1m

Gross profit

74.4m92.6m121.4m

Gross profit Margin, %

32%31%31%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

50.9m55.7m63.4m69.6m71.7m78.0m92.2m93.5m101.7m

Cost of goods sold

33.3m37.6m46.6m48.8m48.3m55.4m64.7m64.6m70.5m

Gross profit

17.6m18.1m16.8m20.8m23.4m22.7m27.5m28.9m31.2m

Gross profit Margin, %

35%33%26%30%33%29%30%31%31%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

27.4m46.7m168.4m

Accounts Receivable

19.5m28.0m43.9m

Prepaid Expenses

2.7m3.1m8.2m

Current Assets

51.5m79.8m25.6m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

49.4m266.4m177.5m

Accounts Receivable

33.6m33.0m37.1m

Prepaid Expenses

3.6m7.2m9.7m

Current Assets

88.3m306.9m263.6m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

13.7m13.7m9.3m

Depreciation and Amortization

6.0m8.1m13.3m

Accounts Payable

(596.0k)14.6m7.4m

Cash From Operating Activities

17.5m35.6m19.5m
Quarterly
USDQ1, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

2.8m3.6m4.2m4.6m

Depreciation and Amortization

2.0m2.4m4.9m8.6m

Accounts Payable

3.1m4.8m3.5m7.8m

Cash From Operating Activities

4.9m7.2m12.8m19.4m
USDQ1, 2019

Revenue/Employee

230.2k
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Paymentus Operating Metrics

FY, 2020FY, 2021

Billers

1.3 k1.7 k

Consumers

16 m21 m

Integrations

350350

Messages Sent

3 m8 m
Show all operating metrics

Paymentus Acquisitions / Subsidiaries

Company NameDateDeal Size
Finovera, Inc.
Fiport Software India Pvt Ltd
Paxcom India Private Limited
Paymentus Acquisition Corp.
Paymentus (Canada) Corporation
Paymentus Corporation
Paymentus Group, Inc.
Payveris Cooperative LLC
Payveris, LLC
Tele-Works, Inc.

Paymentus Revenue Breakdown

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Paymentus revenue breakdown by business segment: 98.8% from Payment Transaction Processing Revenue and 1.2% from Other

Paymentus revenue breakdown by geographic segment: 97.9% from United States and 2.1% from Other

Paymentus Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Paymentus Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Paymentus Online and Social Media Presence

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Paymentus News and Updates

Paymentus to acquire Payveris

Paymentus Holdings, Inc. (“Paymentus”) (NYSE:PAY), a leading provider of cloud-based bill payment technology solutions, today announced that it has signed a definitive agreement to acquire Payveris to accelerate its initiatives to serve financial institutions and expand the reach of Paymentus’ propr…

Paymentus IPO prices at $21, top end of its proposed range

Paymentus Holdings Inc. a provider of cloud-based bill payment technology, said Wednesday its initial public offering priced at $21, the high end of its proposed range of $19 to $21. The company offered 10 million shares to raise $210 million. Underwriters have the option to purchase an additional …

Paymentus Said to Price IPO at Top of Range, as Does Flywire

Paymentus Said to Price IPO at Top of Range, as Does Flywire

Paymentus files for IPO

Electronic billing and payments network Paymentus is looking to raise $210 million at a $2.4 billion valuation in an initial public offering.

Paymentus Blogs

Case study: How a Modern, Customer-Centric Payments Platform Helped Propel One Company’s Decision Not to Reopen Offices

Paymentus was proud to support Austell Natural Gas's rapid digital transformation as they opted to remain a fully-remote organization after peak-pandemic office closures. The company was able to make the transition while actually expanding customer payment options and increasing satisfaction. Read t…

Case Study: How a Telecom Company Reduced Call Volume by 45% and Improved Customer Ratings

Since signing on with Paymentus, Shentel has experienced dramatic improvements in its operations and a significant increase in its customer experience and satisfaction scores Read the case study to learn how: Paymentus helped Shentel drive adoption of more automated payment methods, resutling in a 6…

Case Study: How a Mortgage Company Saved Thousands Through Automation

After partnering with Paymentus over 5 years ago, one mortgage company has experienced a significant reduction in the cost to serve customers through the adoption of more modern, digital payment options. Read the case study to learn how: Paymentus doubled the number of payment channels available to …

Case Study: How Sarasota County Increased Autopay Enrollment by 43% in Just Two Months

Since Implementing Paymentus Instant Payment Network® Sarasota County Public Utilities has transformed how local Florida residents pay for their water services and significantly increased billing and payments automation for the county. Read the case study to learn how: Paymentus integrated with Sara…

Best in Class: Paymentus Named Number One Amongst Biller Direct EBPP Vendors in New Report

A new report from leading financial services research firm Aite Noverica has named Paymentus as the Best in Class industry leader. The report focused on nine of the top Electronic Bill Payment & Presentment (EBPP) providers and evaluated each based on set criteria such as Vendor Stability, Clien…

THE PANDEMIC, UTILITIES, AND THEIR CUSTOMERS: What Happened, and What’s Next? A TMG Research Report

"As the Covid-19 pandemic slowly comes under control, the utility industry is seeing a return to normal business operations, but also confronting new challenges. Long viewed as being slow to move and risk averse, the utility industry proved its mettle and agility in responding to the pandemic, ensur…
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Paymentus Frequently Asked Questions

  • When was Paymentus founded?

    Paymentus was founded in 2004.

  • Who are Paymentus key executives?

    Paymentus's key executives are Dushyant Sharma, Matt Parson and Jerry Portocalis.

  • How many employees does Paymentus have?

    Paymentus has 900 employees.

  • What is Paymentus revenue?

    Latest Paymentus annual revenue is $395.5 m.

  • What is Paymentus revenue per employee?

    Latest Paymentus revenue per employee is $439.5 k.

  • Who are Paymentus competitors?

    Competitors of Paymentus include Chargebee, AvidXchange and Recurly.

  • Where is Paymentus headquarters?

    Paymentus headquarters is located at 18390 NE 68th St, Redmond.

  • Where are Paymentus offices?

    Paymentus has offices in Redmond, Charlotte, Blacksburg, Richmond Hill and in 3 other locations.

  • How many offices does Paymentus have?

    Paymentus has 7 offices.