This article provides an analytical overview of 10 new payment processing companies. These companies offer solutions such as cloud-based payment processing platforms, digital asset trading, and more. Each featured company drives significant progress in their respective domains, enhancing the efficiency and security of financial transactions. This overview highlights the diverse and innovative approaches these companies take to transform the financial landscape. This report was last updated 5 days ago. Spot an error or missing detail? Help us fix it by getting in touch!
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 10 Emerging Payment Processing Companies
- How to Scout Top Payment Processing Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the payment processing industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Payment Processing Trends: Some of the major trends impacting payment processing are mobile wallet expansion, blockchain and cryptocurrency adoption, AI in fraud detection, cross-border payment enhancements, and subscription-based payment models.
- Payment Processing Industry Statistics: The sector comprises 51.9K+ organizations worldwide. Out of these, 6.1K+ new payment processing companies were founded in the last five years, with 2020 as the average founding year. On average, each of these companies employs about 21 people. Moreover, the average funding received by these companies per round in the same span is USD 7.8 million.
- 10 New Payment Processing Companies to Watch:
- Revere Payments – Bias-free Payments Processing
- Kasha Tech – Global Payments Processing
- Silverflow – Cloud-based Payment Processing
- Hyperswitch – Open Source Payments Orchestrator
- Marionette – Digital Asset Storage & Trading
- PokeaPay – Payments Processing Gateway Services
- Payiano – Payment Acceptance System
- Enabill – Restaurant Payments
- Bitcashier – Crypto Payment Processing
- Bennupay – Payment Orchestration Platform
Discover 10 out of 6.1K+ Emerging Payment Processing Companies
In this section, we spotlight 10 new payment processing solutions for cloud-based payment processing, digital asset trading, payment processing gateways, crypto payment processing, and more. These entities integrate advanced technologies, like blockchain and automation, to enhance transaction efficiency, security, and flexibility. Read on to explore many more innovative solutions that these companies offer!
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Revere Payments
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Medium Strong
- What they do: Revere Payments provides a bias-free payment processing platform. It supports online and retail payments, donations, and transactions for cannabidiol (CBD) products and nonprofit organizations. The platform also offers virtual terminals for online reporting, invoicing, and managing recurring and one-time payments. Further, it features an application programming interface (API) that integrates with existing systems to offer fraud prevention. This enables businesses to expand in the global marketplace while safeguarding their revenue streams.
2. Kasha Tech
- Founding Year: 2021
- Employee Range: 11-50
- Location: UAE
- Signal Strength: Medium
- What they do: Kasha Tech simplifies global payment processing with its application programming interface (API) and software development kit (SDK) integrations. The company’s solution allows real-time transaction monitoring to streamline payment processes. It also uses tokenization and anti-fraud systems to protect sensitive customer data and transaction information. This minimizes data breaches and financial fraud. The solution also supports various payment methods such as debit and credit cards, bank transfers, local payment methods, and cryptocurrencies. This allows ecommerce platforms, SaaS providers, and online marketplaces to centralize local and global payment management.
3. Silverflow
- Founding Year: 2019
- Employee Range: 51-100
- Location: Netherlands
- Signal Strength: Very Strong
- What they do: Silverflow offers a cloud-based card payment processing platform to establish a direct connection to card networks. It provides real-time data insights and data sources using APIs. This platform also features security technologies like 3D-secure authentication and network tokenization to safeguard sensitive translation data and reduce fraud risks. Further, it supports various payment methods like direct-to-card payouts and cryptocurrencies. This provides businesses with detailed transaction-level insights to simplify dispute management and decision-making for financial operations.
4. Hyperswitch
- Founding Year: 2022
- Employee Range: 51-100
- Location: India
- Signal Strength: Very Strong
- What they do: Hyperswitch develops a payment switch for integration across payment processors. It enables digital businesses to access multiple payment infrastructures to ensure a high up-time and multi-region deployment. This solution features high performance and low resource utilization as well as reduces developer efforts. It also offers easy-to-write rules for managing payment routing and a compliance-in-a-box feature for meeting global compliance standards.
5. Marionette
- Founding Year: 2019
- Employee Range: 11-50
- Location: Ukraine
- Signal Strength: Very Strong
- What they do: Marionette provides a fintech platform for applications like digital wallets, banking, crypto exchanges, payment processing, and investments. It leverages blockchain to aid in cryptocurrency management and tokenization. Moreover, the platform’s microservices framework provides scalability, stability, and easy maintenance. It also features know-your-customer (KYC) and anti-money laundering (AML) compliance, advanced fee management, and secure digital wallets for client regulatory standards.
6. PokeaPay
- Founding Year: 2020
- Employee Range: 2-10
- Location: Kenya
- Signal Strength: Medium
- What they do: PokeaPay’s payment gateway allows merchants to ensure quick and easy settlements with manual or automatic settlement choices. It supports multiple payment channels for paying for goods and services. The company’s Pokea Store further enables merchants to sync and sell across websites, social media, online marketplaces, and retail settings. This optimizes their payment processes and sales channels.
7. Payiano
- Founding Year: 2022
- Employee Range: 2-10
- Location: Egypt
- Signal Strength: Medium
- What they do: Payiano provides a payment acceptance system that supports various payment methods and integrates across in-store, online, and mobile channels. The company’s platform keeps payment data off the network and protected to minimize theft or hacking risks. It also saves time and effort in manual processing with a payment request feature. In addition, the system features payment tracking, reminders, and dispute handling as well as provides real-time insights into payment statuses. This reduces technical issues while improving customer satisfaction and transaction efficiency.
8. Enabill
- Founding Year: 2020
- Employee Range: 11-50
- Location: Kuwait
- Signal Strength: Very Strong
- What they do: Enabill offers a payment processing platform for restaurants. The company’s single-tap device allows customers to order and pay at their tables to minimize payment processing time and operational costs. The platform also features data encryption to protect transaction data. Further, it offers a real-time status update to better manage orders.
9. Bitcashier
- Founding Year: 2020
- Employee Range: 11-50
- Location: Lithuania
- Signal Strength: Strong
- What they do: Bitcashier builds a cryptocurrency trading and payment processing platform. It integrates a software order book and liquidity provision system for optimal price execution for cryptocurrency trades. The platform also supports trading across multiple over-the-counter (OTC) exchanges, facilitating transactions across countries with options for fiat and cryptocurrency settlements. The platform thus benefits businesses and retail traders by ensuring access to global financial markets and efficient payment processing.
10. Bennupay
- Founding Year: 2019
- Employee Range: 11-50
- Location: Cyprus
- Signal Strength: Strong
- What they do: Bennupay provides a payment platform that optimizes global financial transactions for medium-to-large-scale merchants. It accepts debit and credit card payments, as well as mobile wallets and bank transfers across countries. This platform features 3D secure transaction processing to maximize approval ratios. In this way, the company assists businesses in establishing merchant accounts for broadened payment processing capabilities, optimizing cross-border payment solutions and customer reach.
Quick Tip to Find New Payment Processing Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new payment processing companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying payment processing innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the payment processing industry. The platform keeps you informed with near real-time updates on emerging payment processing companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the payment processing sector, such as crypto payment processing, digital asset storage & trading, or global marketplace payment platforms. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Payment Processing Companies?
We’ve explored the dynamic landscape of the payment processing industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free FinTech Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments. We’re looking to collaborate with knowledgeable insiders to enhance our analysis of startups and tech trends. Join us!
