# PayCommerce

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paycommerce

- Industry: Software
- Headquarters: Edison, US
- Website: www.paycommerce.com
- Total disclosed funding: $22M
- Latest round: Series B (Oct 18, 2016)
- Investors on record: 1

## About

PayCommerce Inc. provides innovative payment solutions aimed at enhancing transaction efficiency for businesses globally, focusing on secure and swift cross-border transactions across diverse sectors.Founded in 2006 and headquartered in Edison, US, PayCommerce Inc. specializes in payment solutions. The company has undergone strategic pivots to improve its service offerings. Founded by Mehmet Kurt, PayCommerce raised USD 22.00 mn in Series B funding led by Tritium Partners on October 18, 2016, bringing the total amount raised to USD 22.00 mn.PayCommerce specializes in providing innovative payment solutions designed to enhance transaction efficiency across various sectors. The company's core offerings focus on facilitating secure and swift cross-border transactions for businesses, streamlining payment processes through their proprietary platform. PayCommerce serves a diverse client base, including financial institutions, e-commerce platforms, and corporate entities seeking to optimize their payment mechanisms. By addressing challenges such as transaction speed, security, and cost-effectiveness, PayCommerce aims to simplify the complexities of global commerce. Their products are available in multiple geographical markets, including North America, Europe, and parts of Asia, catering to businesses that require seamless payment integration regardless of location.PayCommerce generates revenue through a structured transaction model that encompasses a variety of business interactions. The company's revenue streams primarily stem from partnerships with businesses that utilize their payment solutions for processing transactions. Clients may engage PayCommerce through a subscription-based model or pay a fee per transaction, depending on the service level agreement. This includes flagship products that facilitate real-time payments and currency conversions tailored to corporate clients' needs. The financial dynamics are bolstered by a focus on B2B transactions, where businesses leverage PayCommerce's platform to ensure efficient payment processing, thereby enhancing cash flow and operational efficiency.PayCommerce plans to utilize its recent Series B funding of USD 22.00 mn to support the development of new products aimed at enhancing payment solutions. The company is targeting expansion into new geographic markets, specifically increasing its presence in Asia by the end of 2024. Recent funding will facilitate these initiatives and assist with the launch of additional features on their platform designed for improved user experience.

## Funding rounds

- Series B, Oct 18, 2016, $22M — Tritium Partners

## Investors

- Tritium Partners (https://capitalatlas.ai/funds/tritium-partners) — Series B