# Amaryllis Payment Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amaryllis-payment-solutions

- Industry: Financial Services
- Headquarters: West Palm Beach, US
- Website: www.amaryllispay.com
- Total disclosed funding: $10M
- Latest round: Series B (May 23, 2022)
- Investors on record: 2

## About

Founded in 2011, and based in Florida, US, Amaryllis Payment Solutions Inc. operates as a provider of a payment facilitation platform that enables users to underwrite merchants, accept credit card and automated clearing house (ACH) payments, as well as split fees and send payouts. In May 2022, Amaryllis Payment Solutions Inc. raised USD 10 million in Series B funding co-led by new investors FINTOP Capital and JAM FINTOP. The company was founded by Ori Hay (CEO) and Adi Ekshtain. 

Amaryllis Payment Solutions offers a Software as a Service (SaaS) Payment Platform for financial institutions, enterprises, Independent Software Vendors (ISVs), Independent Sales Organizations (ISOs), and SaaS companies.  The platform's flexible modular design allows the implementation of merchant onboarding, transaction processing - alternative payments methods including PayPal, Wallet (stored value accounts), virtual currencies, and locally-preferred payment methods as well as multi-processing models; creation and management of billing agreements and split fees; risk management tools; automated day-to-day reconciliation with processor and banking partners; payouts; and management dashboards for reporting and analysis. The platform has 6,000 active merchants and more than 50 third-party integrations. 

The company plans to use the 2022 funding to further accelerate product development and expand its marketing and sales efforts.

## Funding rounds

- Series B, May 23, 2022, $10M — Jacobs Asset Management, FINTOP Capital

## Investors

- Jacobs Asset Management (https://capitalatlas.ai/funds/jacobs-asset-management) — Series B
- FINTOP Capital (https://capitalatlas.ai/funds/fintop-capital) — Series B