# PAX Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pax-technology

- Industry: Logistics & Distribution
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.paxglobal.com.hk/en/global/home.php
- Total disclosed funding: $10M
- Latest round: Series A (Jun 1, 2007)
- Investors on record: 1

## About

PAX Technology is a Hong Kong-based company specializing in providing advanced payment solutions and technology services aimed at enhancing transaction efficiency for clients across various sectors.PAX Technology operates in the payment solutions sector, offering innovative technologies designed to streamline transactions for businesses. Founded in 2000 and headquartered in Hong Kong, the company has undergone strategic pivots to focus on advanced payment systems. The CEO, Andy Chau, has led the firm through significant developments. PAX Technology has raised a total of HKD 342.00 mn through its latest funding round, a Private Placement/Follow on in 2010, which covers all funds raised to date. The company has successfully completed five deals, with the most recent deal occurring on November 1, 2010.PAX Technology delivers innovative solutions that enhance operational efficiency through its advanced payment technologies. These solutions are designed for seamless integration into existing infrastructures, targeting pain points in scalability and data management. Primarily serving medium to large enterprises in sectors including technology, healthcare, and finance, PAX's products have significantly improved productivity for clients across North America and Europe. The company’s flagship products were introduced recently, demonstrating its commitment to adapting to current market demands.In 2022, PAX Technology generated a revenue of HKD 1,029,635,275.90, with an EBITDA of HKD 190,625,570.60. The company's revenue model is based on subscription services that offer ongoing support and updates, typically through multi-year agreements that include setup, training, and technical support. This tiered pricing structure allows flexibility for various client needs, fostering strong partnerships and positioning the company for sustainable revenue growth through recurring contracts and support services.PAX Technology is focused on expanding its product lineup with upcoming launches in the payment solutions space, aiming to introduce new offerings by 2024. The company plans to enter new geographic markets, specifically targeting regions in Southeast Asia and Europe by mid-2025. Recent funding from the 2010 Private Placement will be utilized to support these initiatives, enabling PAX Technology to enhance its product development and market reach.

## Funding rounds

- Series A, Jun 1, 2007, $10M — HAO Capital

## Investors

- HAO Capital (https://capitalatlas.ai/funds/hao-capital) — Series A