Payments Corporate Prepaid Card Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Payments Corporate Prepaid Card Platforms
1.1 - About Payments Corporate Prepaid Card Platforms sector
Companies in the Payments Corporate Prepaid Card Platforms category enable organizations to issue and manage prepaid card programs for expenses, incentives, and disbursements. They provide virtual and physical cards with granular controls, fast funding, and global acceptance, helping finance teams distribute funds securely without opening credit lines. These vendors streamline payouts, improve compliance, and integrate with ERP, HR, and treasury systems for centralized oversight.
These providers typically offer corporate prepaid card issuing via bank partners, program management and BIN sponsorship, virtual card provisioning, and physical EMV card fulfillment. They deliver spend controls such as merchant category blocking, budgets, and per-diem rules, plus real-time funding and embedded payout APIs. Platforms include KYC/AML workflows, fraud monitoring, multi-currency and FX settlement, tokenization for mobile wallets, and reporting and reconciliation dashboards that integrate with ERP, accounting, and procurement systems.
Primary customers include enterprise finance and treasury teams, mid-market organizations, and marketplace or gig platforms. Outcomes typically include faster, lower-cost disbursements, tighter spend governance, reduced fraud risk, and simplified month-end reconciliation. By centralizing limits and approvals while enabling instant card funding, these solutions help buyers replace cash, checks, and reimbursement workflows, improve working capital visibility, and scale compliant corporate payment programs across regions.
2. Buyers in the Payments Corporate Prepaid Card Platforms sector
2.1 Top strategic acquirers of Payments Corporate Prepaid Card Platforms companies
DailyPay
- Description: Provider of financial technology that integrates with employers’ payroll systems to deliver on-demand pay, enabling employees to access earned but unpaid wages before payday, monitor real-time earnings balances and receive funds instantly or on a scheduled basis.
- Key Products:
- On-Demand Pay: Platform integrates with employers’ payroll to let workers withdraw earned wages ahead of payday, reducing financial gaps and offering up to 100% of accrued income
- Scheduled Early Withdrawal: Employees can arrange wage or partial wage transfers one to three days in advance without fees, ensuring predictable early access to funds
- Instant Withdrawal: For a small fee (currently $2.99–$3.49), users can receive their earned wages instantly, supporting urgent cash needs through immediate bank transfer
- DailyPay Visa Prepaid Card: No-fee prepaid Visa card that provides access to the full wage balance and allows withdrawals without holding back funds when users direct deposit paychecks to DailyPay.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
2.2 - Strategic buyer groups for Payments Corporate Prepaid Card Platforms sector
M&A buyer group 1: Corporate Travel and Expense Cards
WEX
- Type: N/A
- Employees: ●●●●●
- Description: Provider of business-to-business payment solutions that include fleet and fuel payment cards, transaction processing and information management platforms, plus cloud software for employee benefit plan administration, helping commercial vehicle fleets, employers and healthcare benefit participants streamline operations and reduce manual administrative tasks.
- Key Products:
- WEX Benefits Account: Secure online portal allowing participants to log in, access benefits forms, participant knowledgebase, and Benefits Toolkit with eligible expense lists and savings calculators for efficient benefits management
- WEX Fleet Accounts: Support hub where fleet customers obtain forms and resources for WEX fleet
- EFS
- Fleet One, and factoring accounts, improving fleet payment administration processes
- WEX Corporate Payments: Dedicated resource center supplying corporate clients with payment-specific support materials and service representatives to streamline corporate payment operations and resolve account inquiries efficiently
- WEX Travel Payments: Service offering connecting customers to travel payments teams and regional support numbers for eNett and WEX Travel, facilitating travel-related payment processing assistance globally.
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●● companies3. Investors and private equity firms in Payments Corporate Prepaid Card Platforms sector
3.1 - Buyout funds in the Payments Corporate Prepaid Card Platforms sector
2.2 - Strategic buyer groups for Payments Corporate Prepaid Card Platforms sector
4 - Top valuation comps for Payments Corporate Prepaid Card Platforms companies
4.2 - Public trading comparable groups for Payments Corporate Prepaid Card Platforms sector
Valuation benchmark group 1: Digital Payments Platform Providers
Shopify
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of a commerce platform and services enabling businesses to create online stores and manage sales, orders, and inventory across multiple channels including e-commerce websites, social media, and physical retail locations.
- Key Products:
- Online Storefront: Create and customize online stores with various themes and tools
- Shopify POS: Manage sales and inventory in physical retail locations with point-of-sale hardware and software
- Shopify Payments: Integrated payment processing services for online and offline sales
- Shopify Shipping: Tools and discounts for managing shipping and fulfillment
- Shopify Capital: Access to funding and financial services for business growth.