Valuation benchmarks for B2B Payments Automation Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
Companies in this public trading comparables group provide B2B payments automation and processing platforms that streamline corporate payables and receivables. Their core models monetize payment volume through interchange, processing fees, and software-enabled services. They are grouped as valuation benchmarks because they combine virtual card issuance, merchant services, and AP/AR workflow tools to digitize payment lifecycles for business customers.
Typical capabilities include virtual card programs for supplier payments, merchant acquiring and payment gateway services, invoicing and receivables management, accounts payable automation with approval workflows, cross-border and travel payment solutions, spend management and reconciliation tools, integrations via APIs into ERP and accounting systems, and analytics that optimize payment routing, cash flow, and working capital. Revenue blends often mix transaction fees with subscription software.
Primary customers include enterprise finance and AP teams, SMB merchants, and verticals such as travel and fleet operations. Investors evaluate total payment volume growth, net revenue yield (take rate), software attach and recurring revenue mix, customer retention, and EBITDA margins. These comparables help benchmark unit economics, operating leverage, and scalability of integrated payments and workflow platforms in corporate payments.
2. Valuation Analysis: Public Trading Comps & Multiples for B2B Payments Automation Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for B2B Payments Automation Companies sector
Description: Companies in this public trading comparables group provide B2B payments automation and processing platforms that streamline corporate payables and receivables. Their core models monetize payment volume through interchange, processing fees, and software-enabled services. They are grouped as valuation benchmarks because they combine virtual card issuance, merchant services, and AP/AR workflow tools to digitize payment lifecycles for business customers.
Description:
Provider of corporate payment solutions and fleet management services, offering fuel cards, data and telematics services, and virtual payment solutions to streamline business operations and manage expenses for commercial and government fleets worldwide.
Key Products:
Fleet Fuel Cards: Fuel management and payment cards for commercial fleets
Virtual Payments: Payment solutions for travel agencies and cross-border transactions
Telematics Services: Data and telematics offerings for fleet management
Health Benefits Administration: Plan administration services for consumer-directed health benefits
Analytics Solutions: Expense and capital management tools for fleets.
Description:
Provider of payment and banking fintech solutions facilitating collecting, storing, lending, and sending money through an integrated commerce engine to streamline revenue and accelerate growth for businesses.
Key Products:
Merchant Services: Tailored payment processing solutions ensuring faster payment to vendors and employees
Commerce Engine: Integrated platform for collecting, storing, lending, and sending money
MXΓ’βΒ’ Merchant Tools: Suite includes services such as invoicing, insights, and storefront management
ACH.COM: Cost-efficient ACH transactions and services
Priority Payment Tech: Solutions for revenue cycle management and optimized cash flow
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π
π
π
π
Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
π
Comparable group 2: ββββββββ ββββββββ
What is the current median EV/Revenue multiple for B2B Payments Automation Companies?
Based on our index of public trading comparables, the median Enterprise Value to Revenue (EV/Rev) multiple for the B2B Payments Automation Companies sector is currently
β.βx.
High-growth peers in the top quartile are trading at
ββ.βx.
View full data.
What is the average EV/EBITDA multiple for companies in this sector?
Profitable companies in the B2B Payments Automation Companies sector trade at a median EV/EBITDA multiple of
ββ.βx.
This represents a change vs the 5-year historical average.
Our platform tracks EBITDA multiples for B2B Payments Automation Companies and other key peer groups.
How have valuation multiples for B2B Payments Automation Companies trended over the last 5 years?
Valuations have adjusted since 2021.
The sector saw peak multiples of ββ.βx EV/Revenue, settling to a 5-year average of β.βx today.
Access our Historical Trends chart for granular monthly data.
What are recent M&A transaction multiples in the B2B Payments Automation Companies space?
Recent precedent transactions indicate implied enterprise values ranging from
β.βx to
ββ.βx Revenue.
Private market deals often trade at a liquidity discount compared to public peers.
Unlock the full list of precedent transactions.
Which public companies are used as trading comps for B2B Payments Automation Companies?
The primary trading comparable group includes B2B Payments Automation Companies.
Key constituents used for benchmarking include large-cap leaders and specialized mid-cap players.
See the full list of companies in the Public Trading Comps section.
How do I value a private company in the B2B Payments Automation Companies sector?
Valuing a private B2B Payments Automation Companies company typically involves applying current
EV/Revenue and EV/EBITDA multiples from public peers to the private company's financial metrics.
A discount for lack of marketability (DLOM) of 20-30% is often applied.
Our private company valuation database provides the exact multiples needed for this calculation.
What are the B2B Payments Automation Companies industry valuation multiples for 2025?
For 2025, the B2B Payments Automation Companies industry is trading at a median EV/Revenue multiple of
β.βx.
This reflects current market sentiment, interest rates, and growth expectations.
Access our platform to see how these multiples have changed from 2024 to 2025.
What is the difference between trading comps and transaction multiples for B2B Payments Automation Companies?
Trading comps look at how public markets value similar companies today, while
transaction multiples (or precedent transactions) look at the price paid in past M&A deals.
Transaction multiples often include a "control premium," typically resulting in higher valuations than trading comps.
Our database tracks both trading multiples and M&A transaction multiples.
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