Today we’re covering the top 25 B2B Payments startups. This is going to be really exciting and I’ve spent a ton of time researching these interesting startups in B2B Payments. Let’s get right into it!
Criteria for selection:
- The startup should be privately held
- Has raised at least $10 million in funding
- We haven’t included the IPO’d startups and companies as they’re already well-known to most people in the B2B Payments sector. This list of 25 companies covers the most funded ones since their founding dates.
Recommended read – Top Brokerage Startups
Top B2B Payments Startups With >$10 Million Funding
Let’s get right down to the list and begin with the list of the top startups in the B2B Payments sector. In the below list, we’ve covered the major information about the company’s operations, headquarters, funding amounts and some of the active investors.
The investors listed here are the ones I found during my process of researching the company. So there’s a high possibility that there are more investors than the ones in the list.
1. Airwallex – Total Raised $505 million
Official Website: www.airwallex.com
Airwallex is a Venture Capital-Backed B2B Payments company founded in 2015. Developer of cross-border payments and foreign exchange platform designed to make and receive international payments.
The company’s platform effortlessly integrates into an ecosystem of the application program interface, products, automation, global networks, and local payment systems to create a scalable tool, enabling clients, suppliers, and institutions to issue and pay invoices in their preferred currency at the mid-market foreign exchange rate.
Active Investors:
- Bank Central Asia(www.bca.co.id)
- Central Capital Ventura(www.centralcapital.vc)
- DST Global(www.dst-global.com)
- Gaolin Capital(www.gaolincapital.com)
- Gobi Ventures(www.gobivc.com)
- Gravity Venture Capital (China)(gravity-vc.com)
- Greenoaks Capital Partners(www.greenoakscap.com)
- Hillhouse Capital Group(www.hillhousecap.com)
- Horizons Ventures(www.horizonsventures.com)
- Huashan Capital(huashancapital.com)
- Kadima Group(www.kadimagroup.com.au)
Competitors:
Payoneer, SafetyPay, WePay, BlueSnap, Hyperwallet Systems, Latipay, CurrencyCloud, Limonetik, Dash, EncoreFX, Venmo, XE.com, Mint Payments, Diamond Mind, PayQuicker, PAY.ON, Transfast, Flywire, Rewire, Cambridge Global Payments, TransferMate Global Payments, LianLian Pay, Globys, Tipalti, Remitly, Stripe, World First UK, TerraPay, Toss, Klarna, MoneyMovr, Kantox, Ebury, Skrill, Affirm, PayPal Holdings, Payworks, Integrity Payment Systems, Currencies Direct, Azimo, Monzo, Global Payout, Square, Paytm, Ria Financial Services
2. Brex – Total Raised $466.62 million
Official Website: www.brex.com
Brex is a Venture Capital-Backed B2B Payments company founded in 2017. Provider of a corporate credit card designed to simplify the process for startups applying for credit cards.
The company’s credit card eliminates the need to supply social security numbers or credit scores and is supported by an integrated software suite that reduces employee time spent on expense management, accounting and budgeting, enabling entrepreneurs to protect their personal credit without restricting their capital.
Active Investors:
- Caffeinated Capital(www.caffeinatedcapital.com)
- Daniel Gutenberg(www.gutenberg.ch)
- DST Global(www.dst-global.com)
- Fine Day Ventures(www.finedayventures.com)
- G Squared(www.gsquared.com)
- Global Founders Capital(globalfounderscapital.com)
- Greenoaks Capital Partners(www.greenoakscap.com)
- Greyhound Capital(www.greyhoundcapital.com)
- Human Capital (San Francisco)(www.human.capital)
- IVP(www.ivp.com)
- Justin Mateen(justinmateen.com)
Competitors:
MarketFinance, LendUp, Deserve, NerdWallet, Nav, Chime, Petal, Final, Iwoca, LoanNow, Cerebro Capital, TF Holdings, Monese, RateSetter, Pleo, Acorns, MoneyKey, CARD.com, Lendified, Capitalise (Financial Software), NewDay, LenddoEFL, Fundera, Money Under30, Lift Credit, LendingPoint, Finova Financial, Vanquis Bank, Investly, UniRush, Lendio, Funding Options, Moven, Green Dot, NoviCap, OneMain Holdings, NetSpend, TotallyMoney, CredoLab, Digit, Wipit, Funding Xchange, Azlo
3. Tradeshift – Total Raised $439.5 million
Official Website: www.tradeshift.com
Tradeshift is a Venture Capital-Backed Artificial Intelligence & Machine Learning company founded in 2010. Developer of a financial platform intended to facilitate digital trade transactions. The company’s platform allows its clients to connect with all their suppliers digitally in order to seize early payment discounts and minimize risks, eliminating paper and manual processes across procure-to-pay, thereby allowing businesses to simplify supply chain payments in a secure manner.
Active Investors:
- Alpha Square Group(www.alphasquaregroup.com)
- American Express Ventures(www.amexventures.com)
- ATW Partners(www.atwpartners.com)
- Black Swan Equity Partners(www.blackswanequitypartners.com)
- CreditEase(www.creditease.cn)
- Data Collective(www.dcvc.com)
- Fin Venture Capital(www.finvc.co)
- Fuel Venture Capital(fuelventurecapital.com)
- GP Bullhound(www.gpbullhound.com)
- Holding14(www.h14.it)
- HSBC Holdings(www.hsbc.com)
Competitors:
Transactis, Autobooks, Stripe, AvidXchange, Conta Azul, Taulia, CapitalMatch, Indifi, BuyerQuest, Bill.com, PrimeRevenue, Due North, Vroozi, Fidessa Group, Globys, Expensify, Divvy, Xeeva, Viewpost, Billtrust, SourceDay, InterNex Capital, Worldline, C2FO, Capital Float, Tipalti, Payoneer, Ivalua, AccessPay, Biz2Credit, Wave Financial, Paramount WorkPlace, Accrualify, iCiX, Basware, Procurify, Murex, Wax Digital, ION Group, Indus Software Technologies, ZenPurchase, Jaggaer, FreshBooks, Meta SaaS, NetSuite, eRequester, Determine, Softgate Systems, Tradogram, Orbian Corporation, Patriot Software, BravoSolution, Bellwether Software, ZoukTech, GT Nexus, Acumatica, OneUp, Conga, Megaventory, Infor Global Solutions, Allvue Systems, Bonfire (Business/Productivity Software), Tally Solutions, Payscape, Scanmarket, Pool4tool, Scout (Business/Productivity Software), Computer Services, Verian, VendorPanel, Nvoicepay, FinancialForce, xTuple, SAP Ariba, Kinetix Trading Solutions, Kyriba, OpenLink Financial, Contraqer, SpringCM, The Credit Junction, Merlon.ai, Icertis, GTreasury, Emptoris, Coupa, Siigo, Offset Market Exchange, FinancialCAD, Exalog, SpendMap, Continuity Logic, Unit4, iPayables, Dext, Kashoo Cloud Accounting, IQS
4. LeafLink B2B Payments – Total Raised $338.99 million
Official Website: www.leaflink.com
LeafLink is a Venture Capital-Backed B2B Payments startups founded in 2015. Operator of a wholesale cannabis marketplace intended to connect retailers with brands and distributors for streamlined cannabis commerce. The company’s platform changes the way cannabis brands, distributors, and retailers manage their operations, to optimize ordering, simplify communication, and spend less time on administrative work, empowering cannabis brands and retailers to streamline ordering and client management.
Active Investors:
- 640 Oxford Ventures(www.640oxfordventures.com)
- Brand New Matter(www.brandnewmatter.com)
- Casa Verde Capital(www.casaverdecapital.com)
- Founders Fund(www.foundersfund.com)
- L2 Ventures(l2ventures.net)
- Lerer Hippeau(www.lererhippeau.com)
- Muse Capital(www.musecapital.vc)
- Nosara Capital(www.nosaracapital.com)
- Phyto Partners(www.phytopartners.com)
- Thermal(www.thermal.co)
- Thrive Capital(www.thrivecap.com)
Competitors:
Tradiv, Confident Cannabis, Greenbits, Flowhub, Ample Organics, Soro Software, Meadow, GrowFlow, Helix BioTrack
5. Ripple Labs – Total Raised $318.5 million
Official Website: www.ripple.com
Ripple Labs is a Venture Capital-Backed B2B Payments startups founded in 2012. Developer of a blockchain technology platform intended to help financial institutions to send money across borders, instantly, reliably and for fractions of a penny. The company’s platform provides an open-source payment system using a math-based virtual currency called XRP that helps in free payments to merchants, consumers and developers, enabling customers to pay in any currency with no chargebacks and instant global payments options.
Active Investors:
- 10X Capital(www.10xcapital.com)
- 2020 Ventures(www.2020.co)
- Abstract Ventures(www.abstract.vc)
- All Blue Capital(www.allbluecapital.com)
- AME Cloud Ventures(www.amecloudventures.com)
- Andreessen Horowitz(www.a16z.com)
- Blockchain Capital(www.blockchaincapital.com)
- Camp One Ventures(www.camponeventures.com)
- Celtic Media Group(www.celticmediagroup.ie)
- China Growth Capital(www.chinagrowthcapital.com)
- Core Innovation Capital(www.corevc.com)
Competitors:
Gem, Bitwala, Ultrain Technology, Bloq, Tipalti, Symbiont, IDEX (Financial Software), Simplex (Financial Software), R3, Chain, BitGo, Glidera, Blockstream Corporation, Ethereum, GoCoin, Digital Asset, Stripe, Bitcoin, BitPay, GreenAddress, Poloniex, WePay, Blockchain.com, Relay (Financial Software), Stellar Blockchain, Bittrex, Tierion, Coinify, Lawnmower, BlockCypher, NEM, Litecoin, BillingTree, Slice, BitFury, Coinbase, Kraken, bCause, Electric Coin Company, Axoni, Tech Bureau, AirSwap, Aza, Nervos, Softgate Systems, Wirex, Early Warning Services, ShapeShift, Coinhouse, Binance, Bitstamp, Lykke, itBit, OKCoin
6. Tipalti – Total Raised $296 million
Official Website: www.tipalti.com
Tipalti is a Venture Capital-Backed B2B Payments startups founded in 2010. Provider of a cloud-based automation platform designed to eliminate mass payment workload and reduce automation payment risk. The company’s platform helps in eliminating financial and compliance risk, generate revenue from accounts payable, cut payment reconciliation cycle time, and improve supplier relationship, enabling CFOs to focus on the strategy of scaling their business rather than the minutiae of accounts payable logistics.
Active Investors:
- 01 Advisors(www.01advisors.com)
- Cerca Partners(www.cerca-partners.com)
- Durable Capital Partners(www.durablecap.com)
- Greenoaks Capital Partners(www.greenoakscap.com)
- Greenspring Associates(www.greenspringassociates.com)
- Group 11(group11.vc)
- Tank Hill Ventures(www.th-vp.com)
- TrueBridge Capital Partners(www.truebridgecapital.com)
- Zeev Ventures(www.zeevventures.com)
Competitors:
DadeSystems, MineralTree, Nvoicepay, Billtrust, YapStone, TrustCommerce, HighRadius, Yooz, Paymerang, VersaPay, Bill.com, Globys, AvidXchange, CurrencyCloud, OmPrompt, Wibmo, Nexonia, Chrome River, WePay, Recurly, Basware, CardConnect, Nexus Systems, Traxpay, Payline Data, Payoneer, Flywire, Keap (Business/Productivity Software), Jaggaer, ProPay, FreshBooks, Stripe, iPayables, PaymentWorks, ARGO Data Resource, Transactis, Determine, Galileo, SafetyPay, Boost Payment Solutions, Carta Worldwide, Paybox, Diamond Mind, Digital River, ZooZ, 2Checkout, FastSpring, Hyperwallet Systems, Expensify, QRails, Integrity Payment Systems, BillingTree, Transfast, Vendorin, Braintree, Marqeta, Taulia, Fiscal Technologies, Cambridge Global Payments, MoneyMovr, Adyen, World First UK, Klarna, Coupa, XPatterns, Global Payout
7. Melio (Financial Software) – Total Raised $261 million
Official Website: www.meliopayments.com
Melio (Financial Software) is a Venture Capital-Backed B2B Payments company founded in 2018. Developer of a B2B payments platform designed to provide small businesses with digital payment tools. The company offers digital accounts payable and receivables dashboard that provides a single integrated tool to transfer and receive payments in a faster, easier way, giving oversight and control over cash flow, reducing or eliminating late payment costs, enabling small businesses to better manage their supplier payments, minimizing time and cost while maximizing cash flow.
Active Investors:
- Accel(www.accel.com)
- Aleph(www.aleph.vc)
- American Express Ventures(www.amexventures.com)
- Bessemer Venture Partners(www.bvp.com)
- Clocktower Technology Ventures(www.clocktowerventures.com)
- Coatue Management(www.coatue.com)
- Corner Ventures(www.cornerventures.com)
- General Catalyst(www.generalcatalyst.com)
- LocalGlobe(www.localglobe.vc)
Competitors: No competitors found
8. Fenbeitong – Total Raised $151.57 million
Official Website: www.fenbeitong.com
Fenbeitong is a Venture Capital-Backed B2B Payments company founded in 2015. Developer of a corporate wallet app allowing users to manage, pay and receive reimbursement for corporate expenditures. The company aims to lower the cost and improve the efficiency of managing corporate expenditures by generating trip-invoices through their app.
Active Investors:
- BitRock Capital(www.bitrockpartners.com)
- Bojiang Capital(www.bojcf.com)
- China Growth Capital(www.chinagrowthcapital.com)
- CreditEase(www.creditease.cn)
- Eight Roads(www.eightroads.com)
- Glade Brook Capital Partners(www.gladebrookcapital.com)
- Hillhouse Capital Group(www.hillhousecap.com)
- IDG Capital(en.idgcapital.com)
- Ribbit Capital(www.ribbitcap.com)
- Tencent Industry Win-Win Fund(investment.tencent.com)
Competitors: No competitors found
9. Justworks – Total Raised $147.52 million
Official Website: www.justworks.com
Justworks is a Venture Capital-Backed B2B Payments company founded in 2012. Developer of a human resource management platform intended to manage employees, payroll, benefits and compliance procedures. The company’s platform offers corporate-level benefits, seamless payroll, human resource tools, and compliance support, enabling entrepreneurs to bolster their growing businesses with transparency, integrity and simplicity in mind.
Active Investors:
- Bain Capital Ventures(www.baincapitalventures.com)
- Capital Factory(www.capitalfactory.com)
- Daring Journey Ventures(www.daringjourneyventures.com)
- FirstMark Capital(www.firstmarkcap.com)
- Gotham Gal Ventures(www.gothamgal.com)
- Index Ventures(www.indexventures.com)
- LocalGlobe(www.localglobe.vc)
- Meritech Capital Partners(www.meritechcapital.com)
- Peninsula Canodrom(www.peninsula.co)
- Redpoint Ventures(www.redpoint.com)
- Spark Capital(www.sparkcapital.com)
Competitors:
Flock (HR Service), Namely, Zenefits, NGA Human Resources, Gusto, Hibob, Collage, ClearCompany, Employee Navigator, Reflexis Systems, CharlieHR, PeopleFluent, Ultimate Kronos Group, Avature, Businessolver, P&I Personal & Informatik, Paycor, TalentSoft, Maxwell Health, Paycom Software, BambooHR, SumTotal Systems, Personio, Empower Software Solutions, Web Benefits Design, Cornerstone OnDemand, Infiniti HR, SilkRoad Technology, Empyrean Benefit Solutions, WorkForce Software, SmartRecruiters, Kronos, Halogen Software, Ceridian HCM, bswift, PlanSource, Lumesse, Greenhouse Software, Ahola, ExpenseAnywhere, Limelight Health, SugarCRM, Datamatics Management Services, Automatic Payroll Systems, Bayzat, SAS Institute, Payworks Incorporation, SAP SuccessFactors, Bond International Software, Automatic Data Processing, Nexonia, PeopleHR, Tandem HR, Chrome River, Peliton, Epicor Software, WorkCompass, One Source Payroll, PeopleAdmin, Maestro Health, Progressive Employer Management Company, Replicon, Aladtec, Monaeo, Emplicity, OneUp, Insperity, Benefitter Insurance Solutions, MyPayrollHR, TriNet Group, Happay, Paylocity, The Ceridian (UK and Ireland unit), Raet, Paychex, Softheon, NetSuite, Tru pay, Employer Flexible, Excelity Global Solutions, absence.io, Telepayroll, Salesforce.com, CoAdvantage, Siigo, HR Services, Infor Global Solutions, FreeAgent Holdings, Zywave, EngagePoint, Patriot Software, Betts Recruiting, Kaonsoft, FreshBooks, WORKTERRA, Payroll Specialties, Oasis Outsourcing, BeneFix, Xpenditure, Ambrose Employer Group, Wave Financial
10. Plastiq – Total Raised $144.42 million
Official Website: www.plastiq.com
Plastiq is a Venture Capital-Backed B2B Payments company founded in 2012. Developer of intelligent payment software intended for businesses to pay or accept payment via a credit card for virtually any expense. The company’s platform makes it easier for businesses to access working capital in ways that make the most sense for them, thereby enabling them to maximize every business opportunity.
Active Investors:
- Accomplice VC(www.accomplice.co)
- Acorn Pacific Ventures(www.acornpacific.ventures)
- Alumni Ventures Group(www.avgfunds.com)
- Arizona Bay(www.arizonabay.com)
- Atlas Venture(www.atlasventure.com)
- B Capital Group(www.bcapgroup.com)
- Catapult VC(www.catapultvc.com)
- Chestnut Street Ventures(www.chestnutstreetventures.com)
- DST Global(www.dst-global.com)
- F50(www.f50.io)
- Finsight Ventures(finsightvc.com)
Competitors:
Braintree, RentMoola, Bill2Pay, Zego (Powered by PayLease), Stripe, Nium, Paymentus, SYNQA, Transactis, ClickPay, Paytrust, VersaPay, YapStone, Red Dot Payment, DadeSystems, Billtrust, AsiaPay, Open Scan Technologies, Mint Payments, 2C2P, HighRadius, MC Payment, eRentPayer, Paysbuy Company, Citcon, Invoice Cloud, PayQwick, CardConnect, Paytm, RecargaPay, FlowAccount, PayPal Holdings, iPayables, First Billing Services, Aptexx
11. MineralTree – Total Raised $134.06 million
Official Website: www.mineraltree.com
MineralTree is a Venture Capital-Backed B2B Payments company founded in 2010. Developer of a cloud-based automation software designed to automate accounts payable and business to business payments. The company’s software streamlines the payment process by consolidating multiple payment types and integrates with many standard accounting packages, enabling clients to automate their invoice-to-pay process, simplify payments and retain commercial customers.
Active Investors:
- .406 Ventures(www.406ventures.com)
- Eight Roads(www.eightroads.com)
- First Data(www.firstdata.com)
- F-Prime Capital(www.fprimecapital.com)
- Great Hill Partners(www.greathillpartners.com)
Competitors:
Nvoicepay, Tipalti, DadeSystems, Nexus Systems, WePay, Billtrust, Basware, Databasics, AvidXchange, VersaPay, Bill.com, OnPay Solutions, Wave Financial, Airwallex, Paymerang, OmPrompt, Payoneer, Nextprocess, Xeeva, Financial Transmission Network, BuyerQuest, Paybox, AppZen, PaymentWorks, eRequester, Kashoo Cloud Accounting, Stripe, Flywire, Ivalua, Certify (Maine), ExpenseWatch, Chrome River, Carta Worldwide, OpusCapita Group, Transactis, Billhighway, PayQuicker, Marqeta, Tallie, Jaggaer, Integrity Payment Systems, Bento for Business, Open Scan Technologies, Scout (Business/Productivity Software), IDI Billing Solutions, Pagero, Expensify, Autobooks, Vendorin, Coupa, TradeExtensions, Fiscal Technologies, TravelBank, Abacus (Financial Software), Taulia, BravoSolution, Esker – Northern Europe
12. Jumeng – Total Raised $129.16 million
Official Website: www.jumstc.com
Jumeng is a Venture Capital-Backed B2B Payments company founded in 2017. Developer of shipping and logistics enterprise software. The company’s technology aims to create a network of businesses and shipping providers, enabling businesses to easily issue invoices, obtain shipping services and insurance, and make better, business intelligence – powered decisions.
Active Investors:
- Anpu Capital(www.apcap.cn)
- IDG Capital(en.idgcapital.com)
- Jiangsu Xinning Modern Logistics Company(www.xinning.com.cn)
- SAIF Partners(www.sbaif.com)
- Zheling Investment(www.zl-invest.com)
Competitors:
Choice Logistics, Cargo Services Far East, Syncreon Group, FreightCenter, Nulogy, Neovia Logistics Services, Freightera, JAS Worldwide, DB Schenker, Crane Worldwide Logistics, BDP International, Quintiq, Barloworld Logistics, Dhl International, Landmark Global, Best Global Logistics, Nhat Tin Logistics, Agility (United States), Meridium, Pilot Freight Services
13. Viewpost B2B Payments startup – Total Raised $108.71 million
Official Website: www.viewpost.com
Viewpost is a Venture Capital-Backed B2B Payments startups founded in 2011. Developer of a cash flow and payment management application designed to remove friction and increase visibility in B2B transactions. The company’s online platform provides an open business-to-business network for empowering businesses of all sizes with electronic invoicing, payments and real-time cash management, enabling people and businesses to connect and exchange electronic invoices and payments.
Active Investors:
- Caretta Partners(www.caretta.co)
- Foley Ventures(www.foleyventures.com)
- Osceola Capital Management(www.osceola.com)
Competitors:
Billtrust, VersaPay, HighRadius, Wave Financial, DadeSystems, Bill.com, Tipalti, Globys, Certify (Maine), CardConnect, WePay, Financial Transmission Network, BankTEL Systems, Stripe, Payoneer, Abacus (Financial Software), GoCardless, Nvoicepay, Paymentus, BuyerQuest, MineralTree, Pagero, AvidXchange, Basware, Hyperwallet Systems, Tradeshift, Patriot Software, Transactis, PrimeRevenue, Folhamatic, FreshBooks, Xeeva, FastPay (Financial Software), Xero, Megaventory, C2FO, iPayables, Marqeta, Open Scan Technologies, Autobooks, Noventis (US), BlueVine, Carta Worldwide, Flexiloans, Exalog, OneUp, Integrity Payment Systems, Divvy, BillingTree, IDI Billing Solutions, Coupa, Kyriba, Siigo, Expensify, Jaggaer, Concur Technologies, Taulia, QRails, Dinero, Kayako, CenPOS, xTuple, NetSuite, Colppy.com, Chrome River, Avanti Computer Systems, Acumatica, Affirm, ExpenseAnywhere, Udesk, Nexonia, Kashoo Cloud Accounting, Dext, ExpenseWatch, Conta Azul, InterNex Capital, FinancialForce, Bench (Accounting, Audit and Tax Services), Contraqer, Pilot (Financial Software), Infor Global Solutions, Intuit, Shore, Tallie, Global Payout, Gusto, XPatterns, Salesforce.com
14. Tide B2B Payments – Total Raised $98.3 million
Official Website: www.tide.co
Tide is a Venture Capital-Backed B2B Payments company founded in 2015. Developer of a mobile banking platform designed to ease the administrative burden faced by small businesses. The company’s platform offers automated book-keeping service built-in, which categorizes transactions as they are made and automatically prepare a payment ready to be made at the push of a button software, enabling businesses to set up a bank account, issue and send invoices and process payments in a go.
Active Investors:
- Adfisco(www.adfisco.com)
- Anthemis(www.anthemis.com)
- Augmentum Fintech(www.augmentum.vc)
- Creandum(www.creandum.com)
- Goodwater Capital(www.goodwatercap.com)
- Hambro Perks(www.hambroperks.com)
- Ian Hogarth(ianhogarth.com)
- Jigsaw VC(www.jigsaw.vc)
- LocalGlobe(www.localglobe.vc)
- MS&AD Ventures(msad.vc)
- Notion(www.notion.vc)
Competitors:
Tradeshift, Cardlay, Moven, Chime, Albo, Pleo, Autobooks, Remitly, GladePay, Rewire, Toss, Transfast, Monese, Pockit, Divvy, Spotcap, Bento for Business, Bitcoin, Expensify, Centtrip, Satispay, Penta (Financial Software), Azimo, Starling Bank, World First UK, CARD.com, Kontist, Revolut, Monzo, N26, Yoyo (Financial Software), MoneyMovr, Numbrs, Kantox, Soldo, Wave Financial, Atom Bank, Payoneer, Loot (Money Management Application), OnTrees, FreshBooks, PEX (Financial Software), Tandem (Other Commercial Banks), Shine (Financial Software), Spendesk, Ebury, OneUp, Captio, Factris, Countingup, WorldRemit, CurrencyCloud, Acumatica, Wise (Application), PayCommerce, Happay, Siigo, FinancialForce, PeopleDoc, Earthport, Kashoo Cloud Accounting
15. Finix – Total Raised $97.5 million
Official Website: www.finixpayments.com
Finix is a Venture Capital-Backed B2B Payments company founded in 2015. Developer of a B2B payment processing platform designed to let businesses own, manage and monetize their payments. The company’s platform uses modular, workflow-driven architecture and real-time interface to track transactions, consolidate disparate payment processor data and underwrite merchant accounts, enabling banks, acquirers and enterprises to send money anywhere in the world and facilitate push payments over debit card quickly and securely.
Active Investors:
- Acrew Capital(www.acrewcapital.com)
- Act One Ventures(www.actoneventures.com)
- Activant Capital(www.activantcapital.com)
- American Express Ventures(www.amexventures.com)
- Aspect Ventures(www.aspectventures.com)
- Bain Capital Ventures(www.baincapitalventures.com)
- Class 5 Global(class5global.com)
- Commerce.Innovated(www.commerceinnovated.com)
- Cross River Bank(www.crossriver.com)
- High Street Insurance Partners(www.highstreetpartners.com)
- Homebrew(www.homebrew.co)
Competitors:
Stripe
16. Veem – Total Raised $96.44 million
Official Website: www.veem.com
Veem is a Venture Capital-Backed B2B Payments startups founded in 2014. Developer of a payment platform designed to change the legacy financial payment system through innovation. The company’s platform sends and receives payments in local currency via a friction-less manner by using the blockchain as a new settlement rail, improve the costly and outdated payments industry by building a new user-focused financial ecosystem that services businesses globally, enabling users to securely pay and get paid from their business partners all over the world.
Active Investors:
- AB Ventures(www.abventures.vc)
- Alumni Ventures Group(www.avgfunds.com)
- B&Y Venture Partners(www.byvp.com)
- Bayhill Capital Management(bayhillcap.com)
- Boost VC(www.boost.vc)
- Digital Currency Group(www.dcg.co)
- Extol Capital(www.extolcap.com)
- FarSight Ventures(www.farsightventures.com)
- Fenbushi Capital(www.fenbushi.vc)
- Fenway Summer Ventures(www.fenwaysummer.com)
- Firestartr(www.firestartr.co)
Competitors:
Marqeta, BitPay, PayStand, Adyen, Previse, Pay and Shop, Stripe, Payfirma, Integrity Payment Systems, Qwikwire, GoCardless, 2Checkout (Acquired), First Data, Braintree, Coinify, Nuvei, Klarna, Qualpay, First American Payment Systems, AvidXchange, Afterpay (Netherlands ), Kabbage, Planet Payment, Ezbob, Spotcap, Monedo, Fidessa Group, BitGo, Payoneer, Affirm, CyberSource, Hyperwallet Systems, Wibmo, Alice (Financial Software), WePay, Expensify, FleetCor Technologies, Vogogo, Payscape, itBit, PPRO Financial, Total Merchant Services, GlobalCollect, ProPay, Sage Pay, Yoyo (Financial Software), Kimbia, BlueVine, PledgeCents, Opayo, Nvoicepay, BlueSnap, Planet Payment (Acquired/Merged), Recurly, Traxpay, Bitfinex, Comdata Network, Sezzle, Financial Information Technologies, Wave Financial, Indiegogo, FreshBooks, PayLane, Change Heroes, FastSpring, N26, auxmoney, Certify (Maine), Net Element, MobileCause, GoFundMe, Zencap Deutschland, Worldpay, OpenLink Financial, Smava, Snap Capital, Murex, Calypso Technology, iDonate, NetSuite, Kashoo Cloud Accounting, KEMP Technologies, Commerce Guys, American Express
17. BillGO – Total Raised $80.32 million
Official Website: www.billgo.com
BillGO is a Venture Capital-Backed B2B Payments startups founded in 2015. Developer of a B2B payment engine created to advance payment systems in a secure manner. The company’s engine reminds consumers when their bills are due and allows them to view, manage and pay all their bills from a consolidated location in real-time, enabling payment providers to manage their funds and bill payments efficiently.
Active Investors:
- Capital One Ventures(growthventures.capitalone.com)
- Commerce Ventures(commerce.vc)
- Costanoa Ventures(www.costanoavc.com)
- MVB Financial(www.mvbbanking.com)
- United Services Automobile Association(www.usaa.com)
- USAA Corporate Development(www.usaacorpdev.com)
Competitors:
Payrailz, WePay, Judo (Payments Platform), TrustCommerce, Payline Data, ROAM Data, CPI (United States), BlueSnap, FreshBooks, InfoMedia Services, PayVeris, RecargaPay, Stripe, DaoPay, Integrity Payment Systems, Allied Payment Network, Movi (Financial Software), Boku, Paytm
18. Best Wonder B2B Payments startup – Total Raised $71.41 million
Official Website: www.baiwang.com
Best Wonder is a Venture Capital-Backed B2B Payments company founded in 2015. Developer of an integrated cloud service platform designed to provide electronic invoicing services. The company aims to build the largest invoice cloud ecosystem that leads the digital transformation of invoices and provides sales invoices, tax control system and tax management services, enabling clients to improve tax-related productivity and optimize commercial collaboration networks in an efficient way.
Active Investors:
- Alibaba Capital Partners(www.alibabacapital.com)
- Microsoft ScaleUp(startups.microsoft.com/en-us/scale-up)
- Oriental Fortune Capital(www.ofcapital.com)
- Shenzhen Capital Group(www.szvc.com.cn)
- Shenzhen Guozhong Venture Capital Management(www.gzvcm.com)
Competitors: No competitors found
19. Thunes – Total Raised $70 million
Official Website: www.thunes.com
Thunes is a Venture Capital-Backed B2B Payments company founded in 2016. Developer of a cross-border payment network intended to provide a seamless transfer of funds between payment systems. The company offers services like remittance processing, mass payouts, virtual accounts, and business payment solutions, thereby enabling wallet providers, technology companies, PSPs, money transfer operators, and banks to make financial services accessible worldwide.
Active Investors:
- Checkout.com(www.checkout.com)
- Future Shape(www.futureshapellc.com)
- GGV Capital(www.ggvc.com)
- Helios Investment Partners(www.heliosinvestment.com)
Competitors: No competitors found
20. Modulr (Financial Software) – Total Raised $67.63 million
Official Website: www.modulrfinance.com
Modulr (Financial Software) is a Venture Capital-Backed B2B Payments company founded in 2015. Provider of a payments-as-a-service API platform intended to offer a faster, easier and more reliable way to move money for digital businesses. The company’s platform integrates into any product or system and automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves, enabling businesses to streamline existing services, launch new products and scale more efficiently.
Active Investors:
- Banking Competition Remedies(www.bcr-ltd.com)
- Blenheim Chalcot(www.blenheimchalcot.com)
- Brightbridge Ventures(www.brightbridgeventures.com)
- Frog Capital(frogcapital.com)
- Highland Europe(www.highlandeurope.com)
Competitors:
DaoPay, 2Checkout (Acquired), Braintree, TerraPay, Remitly, Transfast, Dipocket, Toss, Boku, Integrity Payment Systems, Zong, TransferMate Global Payments, Klarna, MoneyMovr, World First UK, Monese, Dwolla, Azimo, Kantox, Bango, Revolut, TrustCommerce, City Forex, WePay, Payline Data, Transactive, BlueSnap, Affirm, 2Checkout, Ria Financial Services, Ebury, Judo (Payments Platform), LevelUp, Planet Payment, CurrencyCloud, Starling Bank, TransferGo, FreshBooks, ROAM Data, Monzo, Terra Payment Services (UK), N26, RecargaPay, WorldRemit, ChargeBee, Keap (Business/Productivity Software), CurrencyFair, Earthport, Atom Bank, Sterling Payment Technologies, Moneycorp, XE.com, Worldpay, Softheon
21. Pinpianyi B2B Payments startup – Total Raised $64.77 million
Official Website: www.pinpianyi.com
Pinpianyi is a Venture Capital-Backed Artificial Intelligence & Machine Learning company founded in 2017. Developer of an artificial intelligence (AI) technology designed to provide a convenience store procurement platform. The company’s platform mainly provides product price data analysis and intelligent distribution ordering services, enabling clients to improve capital turnover efficiency and reduce inventory backlog.
Active Investors:
- 51credit(www.u51.com)
- CPG Capital Partners Ltd(www.cpgcapitalpartners.com.cn)
- Enlight Growth Partners(www.egpvc.com)
- Guanghe Venture(www.ghvc.cn)
- Harvest Global Investments(www.harvestglobal.com.hk)
- QF Capital(www.qfvc.cn)
- Qingsong Fund(www.qingsongfund.com)
- Shenggang Investments(www.sgangel.cn)
- Weijia Capital(www.vikifund.com)
- Yingdong Capital(www.incapital.cn)
- Zheda Tongchuang(www.zdtc.com.cn)
Competitors: No competitors found
22. WEEL – Total Raised $64.15 million
Official Website: www.weel.com.br
WEEL is a Venture Capital-Backed B2B Payments company founded in 2014. Developer of an online financial management platform designed to assist businesses to manage their cash flows. The company’s platform is automated and integrated with enterprise resource planning, tracks and manages cash flows, billing statements, record keeping and receives loans based on selling invoices, enabling merchants to manage their inventories and cash flows and generate revenues through financial management and accountancy automation.
Active Investors:
- Banco Votorantim Empreendimentos e Participacoes(www.bvep.com.br)
- FJ Labs(www.fjlabs.com)
- Franklin Templeton Investments (Australia)(www.franklintempleton.com.au)
- Kamatech(www.kamatech.org.il)
- Mindset Ventures(www.mindset.ventures)
- Monashees(www.monashees.com.br)
Competitors: No competitors found
23. Haishangxian B2B Payments startup – Total Raised $63.47 million
Official Website: www.haishangxian.cn
Haishangxian is a Venture Capital-Backed B2B Payments startups founded in 2015. Operator of an E-commerce platform designed to provide supply chain service to fishermen. The company’s platform helps fishermen connect with seafood purchasers who can place the order online and also provides maritime Internet mobile services, enabling clients to improve communication efficiency and expand their market transactions.
Active Investors:
- Airtac International Group(www.airtac.com)
- Beijing BDStar Navigation Company(www.bdstar.com)
- Leye Holding(www.leyeholding.com)
- Shunwei Capital(www.shunwei.com)
- Sinoagri E-Commerce(www.ap-ec.cn)
- Vision Capital (China)(www.vplus.vc)
- Zall Group(www.zallcn.com)
Competitors: No competitors found
24. EVEN (Financial Software) – Total Raised $60.94 million
Official Website: www.evenfinancial.com
EVEN (Financial Software) is a Venture Capital-Backed B2B Payments company founded in 2014. Developer of a B2B fintech platform designed to provide the definitive search, comparison, and recommendation engine for financial services. The company’s platform offers multi-product search, optimized monetization with a suite of tools, reports and cohort analysis, and data augmentation, enabling clients to have access to an extensive network of personalized financial services offers by premium financial institutions.
Active Investors:
- American Express Ventures(www.amexventures.com)
- Arab Angel(www.arabangel.vc)
- Brooklyn Bridge Ventures(www.brooklynbridge.vc)
- Canaan Partners(www.canaan.com)
- Conversion Capital(www.conversioncapital.com)
- F-Prime Capital(www.fprimecapital.com)
- GreatPoint Ventures(www.gpv.com)
- LendingClub(www.lendingclub.com)
- Lerer Hippeau(www.lererhippeau.com)
- MassMutual Ventures(www.massmutualventures.com)
- MC Capital(www.mc-capital.com)
Competitors:
CreditVidya, Mirador, Umba, NerdWallet, Zopa, Bynk, Credit Sesame, Lendingkart, LendingClub, Lenda, RateSetter, Nav, Clara Lending, LendKey, SoFi, Avant (Online Lending Firm), Lendio, Murex, Fundera, Seedrs, LendInvest
25. TIS – Total Raised $59.19 million
Official Website: www.tis.biz
TIS is a Venture Capital-Backed B2B Payments company founded in 2010. Developer of a cloud-based treasury management platform designed to manage corporate payments, liquidity and bank relationships. The company’s platform offers integrated multibank-capable audit-proof cloud technology that permits users to make better decisions when analyzing financial and operational performance and documents of all treasury management processes based on real-time payment flow, enabling businesses to deliver critical advantages for internationally operating customers, immediate worldwide roll-outs and problem-free updates.
Active Investors:
- 83North(www.83north.com)
- Aquiline Capital Partners(www.aquiline.com)
- Target Partners(www.targetpartners.de)
- Zobito(www.zobito.com)
Competitors:
Fidessa Group, Kantox, Derivitec, Tradeshift, Cashfac, Kyriba, GTreasury, Serrala, AutoRek, Delio, Visual Risk, Allvue Systems, Taulia, Enfusion, Shaw Systems Associates, Euronet Worldwide, FinancialCAD, Calypso Technology, Exalog, Murex, AccessPay, Lombard Risk, Derivative Path, ION Group, Reval, Trintech, Advent Software, OpenLink Financial, Worldline, Indus Software Technologies, Paymentus, FiREapps, Kinetix Trading Solutions, Allegro Development, Temenos, Continuity Logic, Eka, Lockpath, Computer Services, ProcessUnity, Softgate Systems, Intello, Sparta Systems, NAVEX Global, Meta SaaS, Fiserv, Boston Technologies, KUBRA, Finastra
