# Payveris

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

- Industry: Financial Services
- Headquarters: Cromwell, US
- Website: www.payveris.com
- Total disclosed funding: $7M
- Latest round: Series D (Jun 12, 2019)
- Investors on record: 4

## About

Based in Connecticut, US, and founded in 2011 by CEO Mr. Ron Bergamesca, Fran Duggan and Louis Hernandez Jr. Payveris LLC develops an online payment platform that allows financial institutions to manage and innovate payments and transactions.  In August 2021, the company was acquired by Paymentus Holdings, Inc. for approximately USD152.2 million.

The company develops The MoveMoney Platform, an open API and cloud-based digital payments platform that enables financial institutions and organizations to manage various payments and transactions. It provides consumer and business bill payment solutions, and account-to-account external transfer solutions that facilitate electronic funds transfers between accounts. The platform also offers person-to-person payments, enabling customers to electronically send money from their bank or credit union accounts to others' accounts at various financial institutions via the web, smartphones, or tablets. The company offers a PaySafeSM settlement process that provides fraud management tools, customer segmentation, and  ACH aging periods. It also offers P2P Transfers, A2A Transfers, Consumer Bill Payment + Presentment, Business Bill Payment + Presentment, BillManager, eBills, New Account Funding, and Account Validation.

The company will use the proceeds of the business combination to increase the addressable market opportunity for Paymentus’ existing solutions.

## Funding rounds

- Series D, Jun 12, 2019, $7M — Ironwood Capital, Connecticut Innovations, Mosaik Partners, Black Dragon Capital

## Investors

- Ironwood Capital (https://capitalatlas.ai/funds/ironwood-capital) — Series D
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series D
- Mosaik Partners (https://capitalatlas.ai/funds/mosaik-partners) — Series D
- Black Dragon Capital (https://capitalatlas.ai/funds/black-dragon-capital) — Series D