Toronto's Paymentus raises $20 Million from Accel-KKR

Posted by Techvibes NewsDesk

Richmond Hill's Paymentus announced today that it has received an equity investment from Accel-KKR and Dan Morel from StartupNorth pegs it at $20 Million.

Paymentus is a leading electronic bill payment, presentment and customer communication technology and services company and the investment will be used by Paymentus to accelerate development, drive growth, and enhance the footprint of its real-time payment network.

Paymentus' unified, SaaS platform delivers enterprise bill payment, presentment and revenue management technology through a self-service model, simplifying, automating and streamlining the bill payment process. Processing more than 75 million customer transactions annually, the company's next-generation platform provides real-time, multi-channel payment processing, and the industry's fastest and most simplified implementation experience.

Paymentus was founded in 2004 by Dushyant Sharma. Sharma will continue to lead the business in his current role of President and CEO and will remain a significant investor in the business.

Paymentus previously raised $3.6 Million in 2007 from JLA Ventures and GrowhWorks.

Company:
Paymentus
Website:
http://www.paymentus.com
Location:
Toronto, Ontario, Canada

Paymentus provides enhanced electronic payment services for financial institutions and businesses. Our Patent Pending Instant Payment Network creates an un-paralleled customer experience and a significant reduction in customer service costs while delivering payment transactions in real time. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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