20 SaaS Startups in the Payments Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Payments industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 20 VC funded SaaS startups in the Payments industry.

Ben

Ben is a one-stop employee benefits platform that allows any business to customize benefits and rewards. Our trick? combining a contemporary software (SaaS) platform, individual Mastercards for each employee, and financial infrastructure. This is how Ben saves you time and money while adding employee choice to your already existing benefits and enabling access to thousands of more alternatives with Ben Card.

Company details:
Founders:
David Duckworth, Sebastian Fallert
Founded:
2019
Based in:
London, England, United Kingdom
Website:
Ben
Industries:
Debit Cards, Employee Benefits, FinTech, Health Insurance, Human Resources, Insurance, Life Insurance, Payments, SaaS, Software
Latest funding:
$16,000,000
Series A
3 August 2022
Total funding:
$18,500,000
Investors
Seedcamp, Atomico, Cherry Ventures, Taavet Hinrikus, Matt Robinson

Booksy

A SaaS platform for company administration serves as the foundation of Booksy, a marketplace for locating, booking, and managing appointments in the beauty industry. Through the use of everyone's favorite indispensable accessory—their mobile phone—it establishes a handy and simple link between clients and their health and beauty professionals. By enabling access to their constantly updated appointment books at any time of the day or night, Booksy enables company owners to digitally manage their appointments, customer database, and ultimately their valuable time. Beauty customers may book and pay directly from Instagram, Facebook, Google, Yelp, or their Booksy app, and they have access to services, price, and availability whenever and wherever they choose. California's San Francisco is the home of Booksy, which was established in 2013.

Company details:
Founders:
Konrad Howard, Stefan Batory
Founded:
2013
Based in:
San Francisco, California, United States
Website:
Booksy
Industries:
Enterprise Resource Planning (ERP), Marketplace, Mobile Apps, Mobile Payments, Payments, Point of Sale, SaaS, Software, Wellness
Latest funding:
$70,000,000
Series C
27 January 2021
Total funding:
$118,700,000
Investors
Industry Ventures, Investible, OpenOcean, VNV Global, Piton Capital

Carpay

A loan management system for BHPH dealers is called Carpay. They are able to better manage their portfolio since it gives their customers a variety of payment alternatives, automates all reminders to their customers, and provides the dealers with a set of tools to keep their loans operating. The business was established in 2016 and has its corporate office in Venice, California.

Company details:
Founders:
Brandon Cavalier, Nick Swezey
Founded:
2016
Based in:
Santa Monica, California, United States
Website:
Carpay
Industries:
Financial Services, FinTech, Lending, Mobile Payments, Payments, SaaS, Software
Latest funding:
$6,500,000
Series A
7 January 2021
Total funding:
$10,100,000
Investors
Autotech Ventures, FJ Labs, Amplify.LA, Queen City Fintech, Pipeline Capital

Divvy

The Divvy program removes the bother of expense reporting while giving customers total control and real-time visibility into business spending. Businesses can handle payments and subscriptions, create strategic budgets, and do away with expense reports using the secure financial platform Divvy. Every business transaction is integrated with real-time tracking by Divvy, giving enterprises immediate visibility into their spending. With Divvy, you can manage your cash flow effectively, stop losses in their tracks, and stop saving receipts altogether. The business is headquartered in Lehi, Utah, and was established in 2016.

Company details:
Founders:
Alex Bean, Blake Murray, Justin Thompson
Founded:
2016
Based in:
Draper, Utah, United States
Website:
Divvy
Industries:
Financial Services, FinTech, Payments, Productivity Tools, SaaS, Software
Latest funding:
$165,000,000
Series D
5 January 2021
Total funding:
$417,500,000
Investors
Insight Partners, New Enterprise Associates, PayPal Ventures, Album VC, Whale Rock Capital Management

Encuadrado

Encuadrado offers a platform for booking appointments, processing payments, and sending invoices. The business was founded in 2019 and has its corporate headquarters in Santiago, Chile.

Company details:
Founders:
Thomas Maremaa, Tomas Aguilera
Founded:
2019
Based in:
Santiago, Region Metropolitana, Chile
Website:
Encuadrado
Industries:
FinTech, Payments, SaaS, Scheduling
Latest funding:
$1,500,000
Seed
2 November 2021
Total funding:
$1,625,000
Investors
Y Combinator, Pioneer Fund, Prodigio Capital

Evina

Customers of Evina SaaS solutions can stop advertisements and fraudulent transactions.

Company details:
Founders:
David Lotfi
Founded:
2018
Based in:
Paris, Ile-de-France, France
Website:
Evina
Industries:
Cyber Security, Fraud Detection, Mobile Payments, SaaS
Latest funding:
$22,735,695
Series A
18 November 2021
Total funding:
$22,735,695
Investors
Radian Capital, 50 Partners, Id4 ventures, Bouygues Telecom Initiatives, SaaS Partners

Khatabook

The fastest-growing SaaS startup in India, Khatabook provides safe and secure business and financial solutions to help micro, small, and medium-sized enterprises operate more efficiently and at lower costs. The business landscape in India has changed as a result of this industry's recognition, and the firm received the "Best Innovative Mobile App" 2020 award at the India Digital Awards in February 2020. Today, Khatabook has more than 20 million registered users and is available in more than 11 languages.

Company details:
Founders:
Ashish Sonone, Dhanesh Kumar, Jaideep Poonia, Ravish Naresh, Vaibhav Kalpe
Founded:
2018
Based in:
Bangalore, Karnataka, India
Website:
Khatabook
Industries:
Accounting, Financial Services, Payments, SaaS, Software
Latest funding:
$100,000,000
Series C
24 August 2021
Total funding:
$186,500,000
Investors
Tencent, Y Combinator, Balaji Srinivasan, RTP Global, GGV Capital

Libeo

Libeo is a special tool for gathering, managing, and paying all of your supplier bills. In one click and without IBAN. We are reimagining how businesses interact with their partners and make payments. No more hours wasted manually inputting invoices, responding to irate supplier email reminders, or accruing late payment penalties. * Payment of supplier bills with a single click of the IBAN; automated invoice input; bulk or individual uploads; and Work in teams: customized approval processes, mobile alerts. Consolidated financial indicators that show your finances in real time. The Ile-de-France Ordre des Experts-Comptables, the Banque Postale, the Société Générale, the French Tech, Wilco, Finance Innovation, and BNP Paribas all sponsor Libeo.

Company details:
Founders:
Jeremy Attuil, Pierre Dutaret, Pierre-Antoine Glandier
Founded:
2019
Based in:
Paris, Ile-de-France, France
Website:
Libeo
Industries:
B2B, Billing, Financial Services, FinTech, Payments, SaaS
Latest funding:
$24,262,010
Series A
11 February 2021
Total funding:
$30,814,797
Investors
LocalGlobe, DST Global, Roosh Ventures, Serena, Breega

LOKE

We provide brick and mortar stores with complete sales transparency, from the first moment of customer interaction to the point of purchase, using simple solutions that boost revenue, boost customer engagement, and boost employee productivity. With the help of a smartphone app with the brand of the merchant, a web site for the merchant, point-of-sale connections, and a secure infrastructure for transaction processing, our offering unifies mobile payments, order ahead, and loyalty. The platform enables any retailer to emulate the achievements of initiatives such as the Starbucks mobile payment app, utilizing the power and reach of mobile to expand their business, but at a fraction of the price and without the need for years of testing and iteration.

Company details:
Founders:
Matthew Khoury, Nicholas Birrell, Tom Booth
Founded:
2012
Based in:
Melbourne, Victoria, Australia
Website:
LOKE
Industries:
Loyalty Programs, Mobile Payments, SaaS, Social Media Marketing
Latest funding:
$3,926,728
Series A
14 April 2021
Total funding:
$4,763,517
Investors
Guinness Ventures, Nightingale Partners

Monetize360

We take great pride in having developed the industry's leading no-code pricing and billing solution. Even in the most complicated situations, our customers may easily automate repetitive financial operations and monetize their goods and services. No expensive bespoke development or difficult onboarding is necessary.

Company details:
Founders:
Murali Saravu
Founded:
2017
Based in:
Milpitas, California, United States
Website:
Monetize360
Industries:
Billing, Financial Services, Payments, SaaS, Software
Latest funding:
$3,200,000
Seed
4 October 2021
Total funding:
$3,200,000
Investors
SVQUAD

Onvi

Onvi is a cutting-edge point-of-sale system created to assist ambitious hospitality companies in accepting more orders and payments across all channels. The finest in online ordering, a fully integrated order management system for delivery, and the deep insights to assist operators transform their passion into profit are all provided by Onvi to fuel hospitality enterprises.

Company details:
Founders:
Jon Clarke, Prask Sutton, Richie Stote
Founded:
2016
Based in:
London, England, United Kingdom
Website:
Onvi
Industries:
E-Commerce, Hardware, Hospitality, Mobile Payments, Point of Sale, SaaS, Sales, Software
Latest funding:
$5,993,456
Seed
30 March 2021
Total funding:
$17,393,890
Investors
Wayra, West Hill Capital

PayTic

PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of the number of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.

Company details:
Founders:
Imad Boumahdi
Founded:
2020
Based in:
Charlottetown, Prince Edward Island, Canada
Website:
PayTic
Industries:
Compliance, Customer Service, Financial Services, FinTech, Payments, Productivity Tools, SaaS
Latest funding:
$2,950,000
Seed
4 May 2022
Total funding:
$2,950,000
Investors
Concrete Ventures, Outlierz Ventures, Build Ventures, Island Capital Partners

Purchasely

Purchasely is the only In-App Subscription SaaS platform from build to interface, compliant with mobile, TV and Apps Stores guidelines. Purchasely gives Marketers full control and ease to increase and retain cross-channel subscribers — in days instead of weeks. Subscription platform, In-App Purchases, App Marketing, Monetization, Lifecycle

Company details:
Founders:
Jean-François Grang, Nicolas Tissier, Romain Salles
Founded:
2020
Based in:
Paris, Ile-de-France, France
Website:
Purchasely
Industries:
Mobile Apps, Mobile Payments, SaaS, Software
Latest funding:
$2,144,309
Seed
17 June 2021
Total funding:
$2,144,310
Investors
Kima Ventures, Stride.VC, Antoine Martin, Niklas Jansen, Guillaume Luccisano

Qonversion

The subscription data platform for mobile-first companies. Cross-platform subscription infrastructure, revenue analytics, engagement automation, and integrations all in one place to help you grow your app faster.

Company details:
Founders:
Eugene Virnik, Michael Stysin, Sam Mejlumyan
Founded:
2019
Based in:
San Francisco, California, United States
Website:
Qonversion
Industries:
Analytics, App Marketing, Developer Platform, Developer Tools, iOS, Mobile Apps, Mobile Payments, SaaS, Software
Latest funding:
$2,000,000
Seed
12 December 2021
Total funding:
$2,850,000
Investors
Flashpoint, s16vc, LVL1 Group, Visionaries Club, AddVenture

Rivia Health

Rivia Health brings easeful efficiency to healthcare patient payments. We work with healthcare provider organizations to complement their revenue cycle operations and get them paid more while doing less. Rivia Health alleviates staff overwhelm by reducing manual tasks related to outstanding patient responsibility. Our communication and payment platform integrates with the practice management or RCM system to automate billing workflows like appointment and billing reminders, copay or pre-service payments, and payment plan setup. In addition to saving staff time, Rivia Health also improves financial results by communicating more dynamically to patients about balances across text and email and by making it easier for patients to pay across multiple payment methods with a 3-step, no login required process.

Company details:
Founders:
Harlow Burgess, Rachel Mertensmeyer
Founded:
2018
Based in:
Phoenix, Arizona, United States
Website:
Rivia Health
Industries:
Financial Services, Health Care, Medical, Mobile Apps, Mobile Payments, Payments, Personal Finance, SaaS, Software
Latest funding:
$1,700,000
Seed
1 January 2021
Total funding:
$3,875,000
Investors
Arizona Tech Investors

Semine

The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels. Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)

Company details:
Founders:
Jan Høgetveit, Robert Kristiansen
Founded:
2016
Based in:
Oslo, Oslo, Norway
Website:
Semine
Industries:
Accounting, Artificial Intelligence, Enterprise Software, Information Technology, Payments, Robotics, SaaS, Software
Latest funding:
$3,000,000
Series B
15 July 2022
Total funding:
$24,125,352
Investors
Kistefos Venture Capital, Skagerak Maturo, Amesto Solutions, Adolfsen Group

Sky.Garden

A SaaS ecommerce platform called Sky.Garden makes it simple for African businesses to sell products. By enabling inventory control and fast payment reconciliation on an automated platform with built-in local shipping and payment options, Sky.Garden restores control to the individual shop.

Company details:
Founders:
Christian Grubak, Martin Majlund
Founded:
2016
Based in:
Nairobi, Nairobi Area, Kenya
Website:
Sky.Garden
Industries:
E-Commerce, Internet, Mobile Payments, SaaS, Trading Platform
Latest funding:
$3,168,000
Series A
14 June 2021
Total funding:
$6,057,812
Investors
Katapult, Vaekstfonden, KFW DEG, UNCOVERED FUND, Christian Jantzen

Spendesk

With 100% visibility and integrated automation, Spendesk is intended to reduce time and costs across the whole spending process. Businesses that utilize Spendesk ultimately provide finance teams more time to devote to strategic issues that will help the company thrive. Since its founding in 2016, Spendesk has gained the trust of thousands of companies, including well-known names like Algolia, Soundcloud, Curve, Doctolib, Gousto, Raisin, Sezane, and Wefox. With more than 7,000 members, CFO Connect, which is supported by Spendesk, is the fastest-growing worldwide network of financial executives.

Company details:
Founders:
Jordane Giuly, Rodolphe Ardant, Thibaud Elziere
Founded:
2016
Based in:
Paris, Ile-de-France, France
Website:
Spendesk
Industries:
B2B, Credit Cards, Financial Services, FinTech, Payments, SaaS, Software
Latest funding:
$113,285,051
Series C
18 January 2022
Total funding:
$311,847,453
Investors
eFounders, Tiger Global Management, AB Tasty, Kima Ventures, Edward Lando

Stargo

Stargo, a privately held firm founded in 2010, seeks to change the freight forwarding and supply chain sectors by automating and improving routing and pricing in real-time in a matter of seconds. We provide dynamic optimized pricing and guaranteed payment (through a global banking network) using our Decision Support System (DSS), which has extensive artificial intelligence capabilities. This increases the effectiveness of the cargo shipping quote generation process and eliminates negative working capital on successful quotes. We employ our own big data, machine learning, and optimization algorithms running in the cloud to quickly adjust pricing from tens of thousands of international airlines. The only way to comprehend the time-consuming and labor-intensive traditional pricing procedures is through our artificial intelligence engine. Our goal is to see the freight forwarding, shipping, and logistics sectors undergo a digital transformation that will significantly increase their efficacy, profitability, dependability, and robustness.

Company details:
Founders:
Joel Sellam
Founded:
2010
Based in:
Ra'anana, HaMerkaz, Israel
Website:
Stargo
Industries:
Artificial Intelligence, B2B, Enterprise Software, FinTech, Freight Service, Machine Learning, Payments, SaaS, Shipping, Supply Chain Management
Latest funding:
$12,000,000
Series C
17 March 2022
Total funding:
$35,500,000
Investors
South Israel Bridging Fund

Upflow

Upflow is the software company revolutionizing how B2B businesses get paid. The platform help companies manage their unpaid invoices and improve their cash collection by using the company's SaaS-based payment platform. Alexandre Louisy and Barnaby Malet started the company in 2018.

Company details:
Founders:
Alexandre Louisy, Barnaby Malet, Thibaud Elziere
Founded:
2018
Based in:
New York, New York, United States
Website:
Upflow
Industries:
B2B, Billing, E-Commerce Platforms, Financial Services, FinTech, Payments, SaaS, Software
Latest funding:
$15,000,000
Series A
15 June 2021
Total funding:
$17,908,624
Investors
Y Combinator, eFounders, Kima Ventures, 9Yards Capital, AltaIR Capital

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