Net Element
Net Element is a publicly traded (NASDAQ: CAZA) mobile and multi-channel payment processor, operating under TOT Group to serve merchants in the United States and emerging markets through transaction-fee-based payment processing services.
- Company typePrivate
- Founded2004
- HeadquartersMiami, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Net Element does
Net Element is a publicly traded technology company (NASDAQ: CAZA) founded in 2004 and headquartered in South Florida, operating as a subsidiary of TOT Group. The company provides mobile and multi-channel payment processing solutions, targeting merchants and businesses in both the United States and emerging markets. Its core offering is an omni-channel payment platform that enables merchants to accept payments across mobile and multiple channels, positioning the company within the broader payment processing landscape alongside larger competitors such as PayPal, Apple, and Square.
The company's underlying technology emphasizes ease of implementation and integration/interoperability across payment channels. Between 2013 and 2016, Net Element built out its portfolio through five acquisitions (Aptito, QUICKPAY USA, PayOnline System, Nexcharge, and Paystar), adding merchant services, international payment processing, and emerging-market capabilities. The revenue model is transaction-fee based, with Net Element generating revenue from payment processing fees on mobile and multi-channel transactions processed for its merchant base.
Operationally, the company has 51-100 employees and operates through its TOT Group parent company structure to distribute its payment solutions. Over the 2012-2018 period, Net Element raised approximately $174 million across eleven funding rounds, with the most recent disclosed round in January 2018. There is no disclosed revenue, no named customers, and no information on AI/ML capabilities in the available source material.
Net Element firmographics
Firmographics- Name
- Net Element
- Legal name
- Net Element
- Website
- https://netelement.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Net Element is a publicly traded (NASDAQ: CAZA) mobile and multi-channel payment processor, operating under TOT Group to serve merchants in the United States and emerging markets through transaction-fee-based payment processing services.
- Ownership category
- akta.pro rank
Net Element industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where Net Element is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Net Element 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 Services: As a comprehensive payment processor, Net Element generates revenue through payment processing fees, likely including transaction fees and service charges for processing mobile and multi-channel payments for merchants in the United States and emerging markets.
Net Element product offering
Product offeringCore offering
Net Element is a technology-driven group that operates as a comprehensive payment processor offering mobile and multi-channel payment solutions. The company provides merchants and businesses with payment processing capabilities across multiple channels, supporting convenient payment options for consumers. It operates in both the United States and emerging markets through its TOT Group parent company infrastructure.
Product overview
Net Element operates as a comprehensive payment processor under its TOT Group parent company, offering mobile and multi-channel payment solutions for the United States and emerging markets. The company positions itself within the omni-channel payment processing landscape alongside competitors such as PayPal, Apple, and Square.
Differentiator
Problem solved
Functional benefit
Products and services
- Mobile Payment Solutions
- Multi-Channel Payment Platform
Companies that use Net Element
Customer profileSegments1 record
Ideal customer profiles1 record
Net Element technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Net Element partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights4 records
Net Element competitors and assessment
Company assessmentBroad incumbents
- Global Payments: Global Payments operates one of the largest merchant acquiring and payment processing platforms worldwide, with direct overlap with Net Element's payment processing and emerging markets exposure.
- Fiserv: Fiserv is a large payments and financial technology incumbent offering merchant acquiring, mobile, and omni-channel processing to merchants globally, serving as a benchmark for full-stack payment processors.
- PayPal: PayPal is explicitly named as a Net Element competitor. It offers digital payments, mobile acceptance, and a global wallet serving both consumers and merchants across the same geographies.
- FIS: FIS is a broad financial technology incumbent offering merchant processing, mobile payments, and value-added transaction services that directly overlap with Net Element's stated offerings.
- Worldline: Worldline is a major European payment processor with growing US and emerging market presence, offering merchant services and mobile payment acceptance comparable to Net Element's portfolio.
Direct peers
- Paysafe: Paysafe provides specialized payment processing with particular strength in emerging markets and underbanked segments, closely aligning with Net Element's TOT Group emerging markets footprint.
- Block (Square): Block's Square division offers mobile and omni-channel payment processing to SMBs, the exact segment Net Element targets. Both compete on ease of use, multi-channel acceptance, and merchant-friendly pricing.
- Adyen: Adyen is a unified omni-channel payments platform serving merchants globally. Its single-platform, multi-channel architecture mirrors Net Element's stated differentiator and target customer.
- Checkout.com: Checkout.com is a global payment processor offering multi-channel, mobile-optimized payment acceptance. Its focus on performance and emerging markets is directly comparable to Net Element's positioning.
- Stripe: Stripe provides online and mobile payment processing APIs for merchants of all sizes. Its developer-friendly multi-channel platform directly overlaps with Net Element's omni-channel value proposition.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Net Element social profiles
Digital presenceNet Element financial estimates
Financial estimateRevenue estimate
Valuation estimate
Net Element leadership team
Management profileNumber of profiles
Profiles6 records
Net Element funding detail
Funding detailFunding overview
Funding rounds12 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Net Element M&A and investment
M&A and investmentM&A5 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Net Element
What does Net Element do?
Net Element is a technology-driven group that operates as a comprehensive payment processor offering mobile and multi-channel payment solutions. The company provides merchants and businesses with payment processing capabilities across multiple channels, supporting convenient payment options for consumers. It operates in both the United States and emerging markets through its TOT Group parent company infrastructure.
When was Net Element founded?
Net Element was founded in 2004. It employs 51 to 100 people.
Where is Net Element based?
Net Element is headquartered in Miami, United States, in the North America region.
How does Net Element make money?
One revenue line is on record: payment Processing Services.
Who are Net Element's main competitors?
Broad incumbents on record are Global Payments, Fiserv, PayPal, FIS and Worldline. Direct peers are Paysafe, Block (Square), Adyen, Checkout.com and Stripe.
Does Net Element have an API?
No public API is recorded for Net Element.
What industry is Net Element in?
Net Element's product category is Payment Processing. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52232 and its SIC code is 6159.