Company profile: Payomatic
1.1 - Company Overview
Company description
- Provider of check cashing, Western Union money transfers, bill payment, money orders, prepaid mobile services, and the inPOWER Prepaid Mastercard, offering immediate posting and reloadable funds managed via mobile app; New Yorkβs largest alternative financial services provider with nearly 150 stores handling over 19 million transactions annually.
Products and services
- Bill Payment: Multi-biller service enabling immediate or same-day posting to over 100 companies, including utilities and credit cards, for rapid payments at neighborhood locations
- Check Cashing: Retail-based service delivering immediate cash with no holding period for payroll, government, and tax checks across nearly 150 New York neighborhood locations
- Western Union Money Transfers: Agent-operated system facilitating global send/receive remittances, prepaid mobile top-ups, money orders, and bill payments through Western Union's network
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Payomatic
Billhighway
HQ: United States
Website
- Description: Provider of cloud-based financial management solutions for nonprofits and associations, combining payment processing, banking and accounting for straight-through processing. Offers chapter management software, consolidated banking, mobile cashless payments, event revenue and registration management, performance metrics, and join & renew tools to automate dues, finances and fundraising across multi-chapter organizations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Sodexo
HQ: France
Website
- Description: Provider of food services and catering across corporate, healthcare, and education; facilities management including maintenance, cleaning, and building support; event management and hospitality via Sodexo Live! for large events and venues; and WasteWatch, a data-driven program to reduce food waste.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Yapstone
HQ: United States
Website
- Description: Provider of a payment processing platform for the vacation rental industry, offering an integrated way to accept payments.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Vectron Systems
HQ: Germany
Website
- Description: Provider of point-of-sale (POS) systems and communication software, manufacturing, selling, and installing stationary and mobile solutions for gastronomy, bakeries, hotels, butcheries, and retail. Offerings include all-in-one, compact, mobile, and large-display POS devices, plus PC and mobile POS software with usability, performance, reliability, offline capability, and tools for networking branch shops worldwide.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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CardSpring
HQ: United States
Website
- Description: Provider of an application platform enabling web and mobile developers to build payment applications for credit cards and other types of payments, securely integrated with payment networks and accessed via Web-standard APIs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Payomatic
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Buyer group 1: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 2: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Payomatic
2.2 - Growth funds investing in similar companies to Payomatic
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4 - Top valuation comps for Payomatic
4.2 - Public trading comparable groups for Payomatic
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