PayClearly
PayClearly is a US-based B2B payment automation company that provides single-use virtual credit card accounts payable solutions with ERP integrations, primarily serving higher education institutions and select enterprise verticals through transaction-fee and rebate revenue models.
- Company typePrivate
- Founded2017
- HeadquartersLakeland, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PayClearly does
PayClearly is a US-based B2B payment automation company founded in 2017 and headquartered in Lakeland, Florida, that builds a virtual-card-based accounts payable platform for enterprise and mid-market organizations. The core product generates single-use virtual credit card numbers that can only be processed by a designated vendor for a specific amount, with configurable spend controls and reconciliation back to the client's ERP. PayClearly integrates directly with five major ERP systems relevant to higher education and beyond: Banner, Colleague, Workday, Oracle, and Jenzabar, enabled through strategic channel partnerships with Ellucian (May 2019) and N2N Services Illuminate (July 2019). The platform also supports Checks + ACH as alternative rails and exposes a web and mobile Pay Anywhere interface for cardholder management and transaction monitoring.
The company monetizes primarily through transaction fees and rebate economics on the virtual card payment volume, with incentive rebates shared back to clients to create a net-zero or net-positive cost-of-payment proposition. Pricing is quote-based and not publicly disclosed, sold through a sales-led enterprise motion supplemented by ERP-channel distribution. The customer base is concentrated in higher education as the primary vertical, with secondary expansion into Construction, Telecom, Fleet, Public Sector, Aviation, Marine, and Fuel. PayClearly claims a global vendor network covering 200+ countries via its issuing and acquiring partner relationships; the PayClearly Visa Virtual Account is issued by The Bancorp Bank, N.A. under a Visa U.S.A. Inc. license.
PayClearly operates as a private, for-profit company with no disclosed funding rounds, no parent entity, and an 11-50 employee band. Senior leadership comprises a Chief Product Officer, Chief Financial Officer, and VPs covering Product & Finance, Engineering, Corporate Strategy & Business Development, Operations, and Sales. The company is actively operating, with a 2023 website copyright notice and ongoing channel-led go-to-market motion. No AI/ML capabilities, patents, certifications, or M&A activity are disclosed in available sources.
PayClearly firmographics
Firmographics- Name
- PayClearly
- Legal name
- PayClearly
- Website
- https://payclearly.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PayClearly is a US-based B2B payment automation company that provides single-use virtual credit card accounts payable solutions with ERP integrations, primarily serving higher education institutions and select enterprise verticals through transaction-fee and rebate revenue models.
- Ownership category
- akta.pro rank
PayClearly industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where PayClearly is headquartered
LocationHeadquarters
- HQ city
- Lakeland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PayClearly business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Virtual Card Transaction Fees: PayClearly generates revenue through transaction fees on virtual credit card payments. The zero-cost Virtual Card product increases client profits while PayClearly earns incentive rebates from the payment network.
- Rebate Programs: The company offers incentive rebates to clients using their virtual card payment solutions, creating a revenue-sharing model where automation reduces costs and generates savings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Custom enterprise pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
PayClearly product offering
Product offeringCore offering
PayClearly operates an automated accounts payable (AP) payment platform that issues single-use virtual credit card numbers for vendor payments and integrates directly with enterprise ERP systems. The platform enables organizations to replace manual paper-based AP workflows with electronic virtual card payments, ACH, and check payments while generating rebate revenue. It supports deep integrations with ERP systems including Banner, Colleague, Workday, Oracle, and Jenzabar, with a particular focus on the higher education vertical.
Product overview
PayClearly is a payment automation platform built around its core Automated AP solution, which generates virtual credit card payments for accounts payable processing. The platform operates as a unified system with multiple integrated modules including Virtual Card Controls and Dashboard Controls for managing payment activity and spending limits. The offering extends through a global vendor database supporting payments in over 200 countries, and supplements virtual card payments with alternative methods including ACH and paper checks. The platform emphasizes ERP integration capabilities, particularly for higher education institutions using systems such as Banner, Colleague, Workday, Oracle, and Jenzabar.
Differentiator
Problem solved
Functional benefit
Products and services
- Automated AP Platform The core payment automation platform that enables businesses to automate their accounts payable processes, generating virtual card payments for vendors with streamlined integration into existing ERP systems. Targeted at enterprise and mid-market AP departments, with deep focus on higher education institutions.
- Virtual Card Payment Solution
- Checks + ACH Payment Methods
Quantifiable outcome
- Zero-cost Virtual Card with incentive rebates increases client profits
Companies that use PayClearly
Customer profileSegments9 records
Ideal customer profiles2 records
PayClearly technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
PayClearly partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- N2N ServicescoreStrategic partnership with N2N Services, a leader in enterprise application and data integration for higher education, allows PayClearly to offer a fully integrated accounts payable payment solution. N2N's Illuminate platform provides cloud-based SaaS integration enabling organizations to plug-in new SaaS applications. This partnership enables integration with complex ERP systems such as Banner, Colleague, Workday, Oracle and Jenzabar, streamlining the AP process for higher education institutions.
- ElluciancorePartnership with Ellucian, the world's leading provider of software and services built to power higher education, enables PayClearly to help lead higher education institutions to a more streamlined approach within their accounts payable departments. The partnership allows PayClearly's higher education clients to use virtual credit cards for payments and integrate the PayClearly solution with the Ellucian ERP system already in place, creating a seamless accounting procedure that optimizes the whole payment and reconciliation processes.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
PayClearly competitors and assessment
Company assessmentDirect peers
- Ramp: Corporate card and spend management platform offering virtual cards, AP automation and bill pay; competes head-on with PayClearly for the same mid-market and enterprise AP buyers.
- Bill.com: Public B2B AP/payments platform offering virtual card, ACH and international payments to SMB and mid-market AP departments; directly competes with PayClearly on AP automation and payment method digitization.
- Brex: Corporate card and bill pay platform combining virtual cards with AP and expense automation, directly addressing the same procurement/AP pain points PayClearly solves.
- MineralTree: AP automation solution for mid-market that emphasizes ERP-integrated bill pay and virtual card payments, competing for the same mid-market AP department buyers.
- Plastiq: Virtual card-based B2B payment platform that lets businesses pay vendors via credit card, directly overlapping PayClearly's core virtual-card AP product.
- Tipalti: Global payables automation platform offering virtual card, ACH and international supplier payments with strong ERP integrations; a direct competitor on multi-method AP automation.
- AvidXchange: Mid-market AP automation platform specializing in bill pay, invoice automation and supplier payments with strong ERP integrations, overlapping PayClearly's core offering and higher-ed customer base.
- Melio: B2B payments platform offering virtual card and ACH disbursements to SMBs, addressing overlapping AP/payables pain points for smaller organizations.
Broad incumbents
- Corpay (formerly FLEETCOR): Large established payments/fintech offering commercial card, AP automation and cross-border B2B payments at scale; competes with PayClearly across multiple verticals including fleet and construction.
- Comdata (FLEETCOR): Established commercial/fleet card and AP payment provider; relevant incumbent competing for fleet, fuel and commercial-card-driven AP payment volume.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PayClearly social profiles
Digital presencePayClearly financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayClearly leadership team
Management profileNumber of profiles
Profiles8 records
PayClearly funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayClearly 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 PayClearly
What does PayClearly do?
PayClearly operates an automated accounts payable (AP) payment platform that issues single-use virtual credit card numbers for vendor payments and integrates directly with enterprise ERP systems. The platform enables organizations to replace manual paper-based AP workflows with electronic virtual card payments, ACH, and check payments while generating rebate revenue. It supports deep integrations with ERP systems including Banner, Colleague, Workday, Oracle, and Jenzabar, with a particular focus on the higher education vertical.
Is PayClearly a public or private company?
PayClearly is a private company. It is classified as unknown and is currently operating.
When was PayClearly founded?
PayClearly was founded in 2017. It employs 11 to 50 people.
Where is PayClearly based?
PayClearly is headquartered in Lakeland, United States, in the North America region.
How does PayClearly make money?
Two revenue lines are on record. Virtual Card Transaction Fees are the primary driver. The others are rebate Programs.
Who are PayClearly's main competitors?
Direct peers on record are Ramp, Bill.com, Brex, MineralTree, Plastiq, Tipalti, AvidXchange and Melio. Broad incumbents are Corpay (formerly FLEETCOR) and Comdata (FLEETCOR).
Does PayClearly have an API?
No public API is recorded for PayClearly.
What industry is PayClearly in?
PayClearly's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 522210 and its SIC code is 6153.