PayEngine
PayEngine (Platform Factory, Inc.) is a Los Angeles-based payments infrastructure provider founded in 2020 that enables vertical market SaaS companies to embed PCI-compliant, processor-agnostic payment processing — including tap-to-pay and tokenization — into their software via APIs, SDKs, and orchestration tools, monetizing through transaction fees.
- Company typePrivate
- Founded2020
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PayEngine does
PayEngine (legally Platform Factory, Inc.) is a Los Angeles-based payments infrastructure provider founded in 2020 that targets vertical market SaaS companies. The platform enables vertical SaaS platforms — including field service, construction, healthcare, and retail software vendors — to embed payment processing capabilities into their software without building payments infrastructure from scratch. The company monetizes through transaction-based fees on credit card, ACH, digital wallet, and tap-to-pay volume routed through its orchestration layer.
The core technology is a processor-agnostic gateway orchestration system that sits as an intermediary layer over multiple payment processors, providing merchant onboarding, transaction processing, omnicommerce, dispute handling, reporting, and merchant servicing without requiring vendor lock-in. The product stack includes SecureFields JS (PCI-compliant embeddable web components that keep card data off merchant servers and enable SAQ A qualification), Card Brand Tokenization with network tokenization and Card Account Updater, Onboarding Orchestration with a PII vault and automated KYC/KYB/OFAC checks, Transactions Orchestration with multi-processor routing, Universal Reporting across processors, and Tap to Pay SoftPOS delivered via SDKs and a Companion App on iOS and Android. The company is PCI DSS Level 1 certified (Visa SP ID 4019) and supports GDPR/CCPA-aligned data sharing. Distribution is API-first and developer-focused with SDKs for iOS, Android, and JavaScript, supplemented by partner marketplace channels including Elavon's WorksWith ecosystem, TSYS certification, a ServiceTitan integration, and a WooCommerce plugin on the WordPress directory.
The business is venture-backed with $11.6 million in total disclosed funding: a $1.6 million seed round in August 2021 led by Mucker Capital (with BAM Ventures, I2BF Global Ventures, and HIVE Ventures) and a $10 million Series A in May 2022 led by Point72 Ventures (with participation from Mucker Capital, BAM Ventures, and K5 Global). The company is led by founder and CEO Spartak Buniatyan, with Shalav Gupta as Chief Product Officer and Rashid Kamran as CTO. PayEngine has reported a headcount of 1-10 employees, no subsequent funding round after the 2022 Series A, and no public revenue or ARR disclosures.
PayEngine firmographics
Firmographics- Name
- PayEngine
- Legal name
- Platform Factory, Inc.
- Website
- https://payengine.co
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PayEngine (Platform Factory, Inc.) is a Los Angeles-based payments infrastructure provider founded in 2020 that enables vertical market SaaS companies to embed PCI-compliant, processor-agnostic payment processing — including tap-to-pay and tokenization — into their software via APIs, SDKs, and orchestration tools, monetizing through transaction fees.
- Ownership category
- akta.pro rank
PayEngine industry classification
Industry- Product category
- Payment Processing Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- Payment Gateways & Orchestration (BPAMAFAA), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
Keywords
Where PayEngine is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PayEngine business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: PayEngine generates revenue through transaction fees charged to merchants and partners for processing payments. The platform supports various payment types including credit cards, ACH, digital wallets (Apple Pay, Google Pay, PayPal), and tap-to-pay transactions. The processor-agnostic architecture allows flexible routing across multiple payment processors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Quote-based pricing for SaaS partners |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
PayEngine product offering
Product offeringCore offering
PayEngine provides a processor-agnostic payment gateway orchestration platform that enables vertical market SaaS companies to embed and manage payment processing for their merchant customers across multiple processors without building payments infrastructure from scratch. The platform combines a REST API, native iOS and Android SDKs, embeddable JavaScript web components, PCI-compliant secure fields, merchant onboarding with PII vault, multi-processor transaction routing, automatic network tokenization, dispute management, unified reporting, and SoftPOS tap-to-pay capabilities.
Product overview
PayEngine operates as a payments infrastructure platform for vertical SaaS companies, providing a layered stack of products that handle the full merchant payment lifecycle. The core PayEngine Payments Platform sits at the center, providing the API, SDK, and orchestration engine. Key embedded modules include SecureFields JS for PCI-compliant card collection, Onboarding Orchestration for multi-processor merchant onboarding, Transactions Orchestration for multi-processor payment routing, and Universal Reporting for cross-processor analytics. The tokenization layer comprises Card Brand Tokenization (Automatic Network Tokenization) and Token Migration services. Additional modules include Merchant Servicing, Omnicommerce Orchestration, Dispute Management (Retrieval Requests & Chargebacks), Card Account Updater, Surcharge management, and Hosted Payments (payment links and checkout pages). Tap to Pay extends softPOS capabilities via a Companion App (iOS/Android) and native SDK. A WooCommerce plugin extends the platform to the WooCommerce e-commerce ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- PayEngine Payments Platform
- Tap to Pay (SoftPOS)
- PayEngine WooCommerce Payment Gateway Plugin
- Hosted Payments (Payment Links & Checkout Pages)
Quantifiable outcome
- softPOS transaction value projected to grow at 86.6% CAGR between 2025 and 2030, significantly outpacing traditional mobile POS CAGR of 12.7%
Companies that use PayEngine
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
PayEngine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability6 records
Feature9 records
PayEngine partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ElavoncorePayEngine joined Elavon's WorksWith partner ecosystem, enabling easier integration and management of payments for software companies. The partnership leverages Elavon's global payment processing network to enhance SaaS providers' control over payment monetization.
- ServiceTitancorePayEngine partnered with ServiceTitan to integrate SoftPOS tap-to-pay capabilities into ServiceTitan's software platform for field service contractors in HVAC, plumbing, and electrical sectors. The processor-agnostic middleware enables technicians to accept contactless card payments on existing mobile devices without requiring dedicated hardware or replacing existing payment processors.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
PayEngine competitors and assessment
Company assessmentDirect peers
- Spreedly: Spreedly provides payment orchestration and gateway routing as a service to platforms, enabling them to connect to multiple payment services through a single API — directly overlapping PayEngine's core orchestration proposition for vertical SaaS and software platforms.
- Gr4vy: Gr4vy is a cloud-native payment orchestration platform purpose-built for SaaS and marketplace platforms that want to route transactions across many acquirers and APMs — a near-direct competitor in vertical SaaS payment routing.
- Tilled: Tilled offers PayFac-as-a-Service for software platforms, allowing ISVs and SaaS companies to embed payment processing and earn residuals without becoming a payments company themselves — adjacent to PayEngine's orchestration-plus-PayFac orientation.
- Primer: Primer offers a unified payments infrastructure with smart routing, multi-processor orchestration, and a developer-friendly workflow optimized for software platforms — closely mirroring PayEngine's processor-agnostic, API-first positioning for vertical SaaS.
- Fluid Pay: Fluid Pay provides payment gateway services with multi-processor routing and developer-friendly APIs targeted at SaaS and software platforms — overlapping with PayEngine's gateway orchestration focus, though at smaller scale.
- Finix: Finix provides payments infrastructure that lets software platforms embed and own payments, including merchant onboarding, split payouts, and multi-processor support — directly comparable to PayEngine's vertical SaaS enablement thesis.
- Rainforest: Rainforest is an embedded payments platform for software companies, providing merchant underwriting, processing, and a turnkey PayFac-style offering — directly overlapping PayEngine's vertical SaaS payments enablement focus.
Broad incumbents
- Adyen for Platforms: Adyen for Platforms provides unified acquiring, onboarding, and payouts for platforms and marketplaces — a global incumbent competing for the same vertical SaaS embedded payments wallet that PayEngine targets.
- Stripe Connect: Stripe Connect is Stripe's embedded payments product for platforms and marketplaces, providing multi-party payment routing, onboarding, and global processing — the broadest incumbent alternative a vertical SaaS platform might choose instead of PayEngine.
Emerging players
- Basis Theory: Basis Theory provides a payments and data vault infrastructure layer used by platforms to tokenize and route sensitive payment data — an emerging infrastructure peer to PayEngine's PII vault and tokenization functionality.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
PayEngine social profiles
Digital presencePayEngine compliance and trust
Trust signalCompliance3 records
PayEngine financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayEngine leadership team
Management profileNumber of profiles
Profiles3 records
PayEngine funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayEngine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayEngine
What does PayEngine do?
PayEngine provides a processor-agnostic payment gateway orchestration platform that enables vertical market SaaS companies to embed and manage payment processing for their merchant customers across multiple processors without building payments infrastructure from scratch. The platform combines a REST API, native iOS and Android SDKs, embeddable JavaScript web components, PCI-compliant secure fields, merchant onboarding with PII vault, multi-processor transaction routing, automatic network tokenization, dispute management, unified reporting, and SoftPOS tap-to-pay capabilities.
Is PayEngine a public or private company?
PayEngine is a private company. It is classified as venture growth investor backed and is currently operating.
When was PayEngine founded?
PayEngine was founded in 2020. It employs 1 to 10 people.
Where is PayEngine based?
PayEngine is headquartered in Los Angeles, United States, in the North America region.
How does PayEngine make money?
One revenue line is on record: payment Processing Fees.
Who are PayEngine's main competitors?
Direct peers on record are Spreedly, Gr4vy, Tilled, Primer, Fluid Pay, Finix and Rainforest. Broad incumbents are Adyen for Platforms and Stripe Connect. Basis Theory is listed as an emerging player.
Does PayEngine have an API?
Yes. PayEngine provides a REST-based Payments API enabling developers to integrate payment processing into vertical SaaS platforms. The API supports merchant onboarding, payment processing (sales, refunds, voids), tokenization, webhooks for event-driven notifications, gateway orchestration for multi-processor routing, ACH and credit card payments, 3D Secure, address verification, and reporting. Authentication uses private API keys. A companion JS SDK (PayEngine SDK) handles client-side web-components and fraud monitoring sessions. Webhook endpoints must respond with HTTP 2xx within 3 seconds. A sandbox/test environment is available. Documentation is hosted at docs.payengine.co/developer-docs and API reference at docs-api.payengine.co. Developer documentation is at docs.payengine.co/developer-docs.
What industry is PayEngine in?
PayEngine's product category is Payment Processing Infrastructure. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 52232 and its SIC code is 6199.