Bison

What Bison does

Bison Payments is a private U.S. financial technology company providing funding and payment solutions tailored specifically to the oil and gas industry. Founded in 2015 and headquartered in Oklahoma City, the company operates from six offices across Oklahoma City, Midland, Houston, Shreveport, Denver, and Austin, covering eleven major U.S. producing basins including the Permian, Bakken, Haynesville, Eagle Ford, DJ, Anadarko, Marcellus, Utica, Uinta, Granite Wash, and Williston. The company sells directly to SMBs in the oilfield services value chain — service companies, royalty owners, operators, and working interest owners — with no intermediary distribution layer.

The platform is organized around four core products. QuickPay funds up to 95% of outstanding invoice values for service companies without bank-style concentration limits or compliance covenants. Royalty Cash Advance, delivered through a November 2025 partnership with EnergyLink, allows royalty owners to receive their next three royalty payments immediately. JIB/AFE Payments digitizes Joint Interest Billing and Authority for Expenditure distributions for working interest owners. Online Payments provides multi-method processing (ACH, wire, credit and debit cards) across operators, working interest owners, royalty owners, and suppliers. The technology is purpose-built for oilfield workflows rather than adapted from a general-purpose lending stack.

Bison generates revenue through transaction fees on invoice funding (factoring take rate), spreads on royalty cash advances, and per-transaction payment processing fees. Pricing is quote-based and tailored to transaction volume and risk profile rather than publicly published. Customers report transformational outcomes — 500-600% year-over-year growth, revenue scaling from $350k to $7.5M in three years, and 60-75% projected growth — which, if representative, indicate rapid underlying volume scaling. The company is privately held with no public listing, no disclosed institutional investors beyond a $2M K5 Global round in September 2022, and a prior 2019 acquisition of Cobalt Environmental Solutions. Leadership includes CEO North Whipple.

Name

Bison

Legal name

Bison Payments LLC

Website

https://bisonok.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Bison Payments is a private U.S. fintech providing invoice funding, royalty cash advances, joint interest billing payments, and online payment processing built specifically for the oil and gas industry across 11 U.S. basins.

Ownership category

akta.pro rank

Product category

Oil and Gas Financial Services

NAICS

Sales Financing (52222)

SIC

Finance Services (6199), Mineral Royalty Traders (6795)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

akta.pro secondary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Invoice factoring services
• Royalty cash advances
• Oil and gas payments
• Working capital funding
• Joint interest billing

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Invoice/AR Funding (QuickPay): Provides funding against outstanding invoices to service companies, taking a fee/percentage of the invoice value. Customers get up to 95% of invoice value upfront.
2. Royalty Cash Advances: Provides immediate payout to royalty owners against future royalty payments, generating revenue through the spread/fee on the advance.
3. Payment Processing: Processes digital payments (ACH, wire, card) for operators, working interest owners, and royalty owners, earning transaction fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bison Payments provides fast, flexible funding and digital payment solutions tailored to the U.S. oil and gas industry. Its core offerings include invoice factoring (QuickPay) for oilfield service companies, royalty cash advances for mineral owners, digital Joint Interest Billing (JIB) and Authority for Expenditure (AFE) payments for working interest owners, and a multi-method online payment portal for operators, royalty owners and suppliers.

Product overview

Bison Payments is a financial technology platform offering a unified suite of funding and payment solutions built specifically for the oil and gas industry. The platform consists of four core products: QuickPay (invoice funding for service companies), Royalty Cash Advance (advance payments for royalty owners), JIB/AFE Payments (digital billing for working interest owners), and Online Payments (multi-method payment processing). These products are designed to address the cash flow challenges and payment timing issues endemic to oilfield operations, with a focus on providing flexible capital access without traditional banking restrictions.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Up to 95% of invoice value available as funding
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• EnergyLinkcoreStrategic or Co-development Partner · 1 November 2025EnergyLink partnered with Bison Payments to modernize oil and gas payments and funding solutions across the EnergyLink platform. Through this partnership, EnergyLink users can access Bison's Royalty Cash Advances, JIB payments, and secure online payment processing (credit cards, debit cards, ACH, and wires). The partnership enables additional payment and funding capabilities for operators, royalty owners, and working interest owners across the EnergyLink platform.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• BlueVine: BlueVine is an established SMB-focused online lender offering invoice factoring, lines of credit, and business banking. While not oil & gas-specialized, it competes for the same digital-first SMB working capital customer and validates the broader fintech-rather-than-bank thesis Bison pursues.
• Riviera Finance: Riviera Finance is a long-standing factoring provider serving SMBs across multiple verticals including oil & gas. It competes on invoice funding and is a broader incumbent alternative to Bison for working capital needs.

Direct peers

• TCI Business Capital: TCI Business Capital provides factoring and asset-based lending across transportation, oil & gas, and staffing. Like Bison, it serves SMB oilfield service companies with receivables funding, competing on flexibility and speed of funding decisions.
• Apex Capital Corp: Apex Capital is one of the largest US factoring companies focused on the trucking and oilfield services sectors, providing invoice factoring and non-recourse receivables purchasing. It is a direct competitor to Bison's QuickPay product for oilfield service companies, with deeper capital resources but a less vertically integrated offering.
• Capital Plus Financial: Capital Plus Financial is an SMB lender offering merchant cash advance and revenue-based financing products to small businesses. Its product structure closely mirrors Bison's Royalty Cash Advance and QuickPay models, making it a structural direct peer even though it is not O&G-specialized.
• Accutime Funding: Accutime Funding specializes in factoring for oilfield services, staffing, and transportation SMBs. It directly overlaps Bison's QuickPay value proposition for working capital access in the same oil & gas sub-segments.
• Crown Capital Services: Crown Capital is a factoring company focused on oil & gas service companies and related industries, offering receivables funding similar to Bison's QuickPay. It is a regional-style direct competitor with overlap on target customers and product structure.

Emerging players

• Fundbox: Fundbox provides SMB working capital through invoice-based advances and short-term financing. While not O&G-specialized, it overlaps Bison's core receivables-advancement use case and represents the type of digital-first competitor Bison must differentiate against on industry depth.

Others

• K5 Global: K5 Global is a disclosed investor in Bison Payments (2022 round) and an energy/specialty finance investor. Listed here as ecosystem context rather than a competitor; relevant for understanding Bison's investor relationships and capital base.
• EnergyLink: EnergyLink is the oil & gas mineral management and payment platform that Bison formally partnered with in November 2025 to embed Royalty Cash Advances, JIB payments, and online payments. While now a partner rather than competitor, EnergyLink touches the same operator/royalty owner workflow and historically competed for digital payment mindshare.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/bisonservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bison