Payveris

Digital Payments Platformpayveris.com

Payveris is a private, cloud-based digital payment and money transfer platform founded in 2011, serving financial institutions. Headquartered in Cromwell, Connecticut, the company has raised approximately $21 million across nine years and operates with 11-50 employees.

Company typePublic
Founded2004
HeadquartersCromwell, United States
Headcount11–50
GTM typeB2B
OfferingSoftware

What Payveris does

Payveris is a privately held cloud-based digital payment and money transfer platform founded in 2011 and headquartered in Cromwell, Connecticut. The company serves financial institutions with technology for processing digital payments and money transfers, operating in the competitive U.S. fintech infrastructure segment alongside larger public peers.

The company has raised approximately $21.15 million in disclosed equity funding across nine years (2011-2020), with material institutional rounds in 2013 ($5.2M led by Ironwood Capital), 2016 ($7.5M led by Mosaik Partners), and 2019 ($7M led by Mosaik Partners). Capital sources have included Advantage Capital (the most consistent participant across rounds), Black Dragon Capital, Connecticut Innovations, Ironwood Capital, and Mosaik Partners. The 11-50 employee headcount places Payveris in the small-scale fintech band, with no disclosed revenue, ARR, transaction volume, or customer logos.

Payveris is led by founder and Board member Louis Hernandez Jr., with Chairman David Dame, Chief Innovation Officer Marcell King, CFO Tom Pierce, VP of Sales Seth Goldberg, and Controller Donna Duff rounding out the executive team. The company remains private with no IPO, acquisition, or material expansion announcement disclosed in the available data, and the most recent funding activity dates to December 2020.

Payveris firmographics

Firmographics

Name: Payveris
Legal name: Paymentus Corporation
Website: https://payveris.com
Company type: Public
Founded year: 2004
Operating status: Operating
Headcount range: 11–50 employees
Short description: Payveris is a private, cloud-based digital payment and money transfer platform founded in 2011, serving financial institutions. Headquartered in Cromwell, Connecticut, the company has raised approximately $21 million across nine years and operates with 11-50 employees.
Ownership category
akta.pro rank

Payveris industry classification

Industry

Product category: Digital Payments Platform
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
SIC: Services-Prepackaged Software (7372)
akta.pro primary industry: Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
akta.pro secondary industries: Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Request-to-Pay (R2P) & Pay Links (FSAMAFAE)

Keywords

Digital payments platform
Money transfer software
Payment processing solutions
Cloud-based payments
Financial payment platform

Where Payveris is headquartered

Location

Headquarters

HQ city: Cromwell
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Payveris business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

Payment Processing and Transaction Fees: Paymentus generates revenue through transaction fees associated with processing payments across bill pay, loan payments, P2P/A2A transfers, and business solutions. The platform supports ACH, debit/credit cards, Real-Time Payments (RTP), and digital wallets.
Platform Subscription/SaaS: Financial institutions access the Paymentus platform as a unified single-vendor solution for all payment methods, suggesting a subscription or platform licensing model.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Payveris product offering

Product offering

Core offering

Payveris operates a cloud-based digital payment and money transfer platform. The company provides software-enabled digital payment infrastructure for financial institutions and their end customers, supporting digital money movement across modern channels.

Product overview

Paymentus offers a unified platform-plus-modules architecture for billing and payment solutions. The core is the Intelligent Payment Platform (IPP) powered by the Instant Payment Network (IPN), which provides real-time capabilities and integrations with 450+ systems. The main products include Bill Center for centralized bill pay, Loan Payments for automated loan repayment, P2P/A2A for fund transfers, and Profit by Paymentus for business accounts payable/receivable management. Add-on modules include BillWallet (digital wallet), Disbursements (outbound payments), and CAST (client adoption services). All solutions are delivered through a single-vendor unified platform approach.

Differentiator

Problem solved

Functional benefit

Brands

Instant Payment Network (IPN): Full payment ecosystem powering Paymentus solutions with instant access to real-time capabilities, thousands of direct billers and innovative partners.
BillWallet
Profit by Paymentus
Bill Center
Client Adoption Success Team (CAST)
Bill Better

Products and services

Payveris Digital Payment Platform Cloud-based digital payment and money transfer platform serving financial institutions. The platform enables digital payment processing and money movement for banks, credit unions, and other financial institutions.

Quantifiable outcome

BillWallet helps customers pay 4X faster

Companies that use Payveris

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Payveris technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature9 records

Payveris partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Payveris competitors and assessment

Company assessment

Direct peers

Paymentus: Paymentus (NYSE: PAY) is the closest direct peer: a cloud-based billing and digital payment platform sold to banks, credit unions, and FIs, offering centralized bill pay, loan payments, P2P/A2A, and disbursements. Highly comparable product surface and customer segment to Payveris.

Broad incumbents

Fiserv: Fiserv (NYSE: FI) is a broad incumbent providing bill pay, account-to-account transfers, disbursements, and core digital banking infrastructure to thousands of FIs. It competes with Payveris via its CheckFree/Payeezy/Spectrum platforms but as part of a much wider product portfolio.
Jack Henry & Associates: Jack Henry (NASDAQ: JKHY) offers digital banking and payment processing solutions (Banno, jhaPay, Loan Payments) to community banks and credit unions. It overlaps with Payveris on digital bill pay and money movement but operates across a far broader technology stack.
ACI Worldwide: ACI Worldwide (NASDAQ: ACIW) provides real-time electronic payment and banking solutions, including bill pay, disbursements, and A2A infrastructure to FIs and billers globally. Comparable to Payveris on payment processing scope with a much larger enterprise footprint.
Q2 Holdings: Q2 (NYSE: QTWO) provides digital banking and lending platforms to FIs, with embedded money movement and bill payment capabilities. Overlaps with Payveris on digital banking payment rails serving community and regional banks.
NCR Corporation: NCR's Digital Banking business provides online and mobile banking, bill pay, and payment processing solutions to FIs. Comparable to Payveris in target customer (community/regional banks) and core digital payment functionality.
Finastra: Finastra (private, Thoma Bravo) is a large banking technology vendor offering core, digital, and payments solutions including A2A and open banking payments. Comparable to Payveris in targeting FIs for digital payment modernization.
Mastercard Send: Mastercard Send provides real-time disbursements and money movement to FIs and program managers. Comparable to Payveris on the digital disbursements and A2A rails within an FI distribution context.

Emerging players

Dwolla: Dwolla is a fintech API platform focused on account-to-account transfers and payment initiation for businesses and platforms. Comparable to Payveris on the A2A/open banking payments infrastructure layer, though more developer-platform oriented.
Payrailz: Payrailz (private) is a cloud-native digital payments platform serving banks and credit unions with bill pay, A2A, P2P, and loan payment solutions. Highly comparable product scope and customer base to Payveris as a similarly sized emerging digital payments vendor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

Payveris compliance and trust

Trust signal

Compliance1 record

Payveris financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Payveris leadership team

Management profile

Number of profiles

Profiles8 records

Payveris funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors5 records

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

Payveris M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Payveris

What does Payveris do?

Is Payveris a public or private company?

Payveris is a public company. It is classified as venture growth investor backed and is currently operating.

When was Payveris founded?

Payveris was founded in 2004. It employs 11 to 50 people.

Where is Payveris based?

Payveris is headquartered in Cromwell, United States, in the North America region.

How does Payveris make money?

Two revenue lines are on record. Payment Processing and Transaction Fees are the primary driver. The others are platform Subscription/SaaS.

Who are Payveris's main competitors?

Paymentus is listed as a direct peer. Broad incumbents are Fiserv, Jack Henry & Associates, ACI Worldwide, Q2 Holdings, NCR Corporation, Finastra and Mastercard Send. Emerging players are Dwolla and Payrailz.

Does Payveris have an API?

Yes. Paymentus offers APIs for developers to integrate with Paymentus channels and APIs. The platform supports APIs, widgets, and SSO connections to existing core banking systems. Real-time payment capabilities include RTP (Real-Time Payments) and instant payment processing through the Instant Payment Network (IPN). Developer documentation is at developer.paymentus.io.

What industry is Payveris in?

Payveris's product category is Digital Payments Platform. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 52232 and its SIC code is 7372.