Payrix Acquisition, Valuation, Funding & Investors

Payrix was acquired by Fidelity Information Services for $800M in February 2022, a 40.0x multiple on $20M of revenue.

Payrix acquisition price

$800M

Acquired by Fidelity Information Services · Feb 2022

Payrix revenue at acquisition

$20M

Last twelve months · Feb 2022

Payrix revenue multiple at acquisition

40.0x

EV/Revenue · Feb 2022

Cumulative funding Payrix raised

$72M

across 2 funding rounds

Payrix Overview

About Payrix

Payrix is an Atlanta-headquartered embedded payments platform for vertical software providers in the US. The service enables SaaS companies to monetize payments through white-label gateways, handling card processing, ACH, and subscription billing. Backed by Providence Strategic Growth, Payrix integrates with platforms like Salesforce and serves industries including salons, gyms, and nonprofits via partnerships with processors such as Worldpay.


Founded

2015

HQ

United StatesAtlanta, GA

Website

payrix.com

Status

Acquired

Customer focus

B2B

Revenue model

Commission, Subscription

Revenue

$20M (Feb 2022)

Valuation

$800M (acquired Feb 2022)

Payrix Acquisition

Payrix was acquired by Fidelity Information Services for $800M on 14 February 2022.

The acquisition price implies a 40.0x revenue multiple on $20M of revenue.

Before the acquisition Payrix had raised $72M across 2 funding rounds.

Payrix, founded in 2015 and based in Atlanta, is a fintech company specializing in embedded payments for SaaS platforms, offering payment facilitation-as-a-service (PFaaS) or full payment infrastructure (payment IaaS) with automated underwriting, onboarding, compliance, billing, and settlement. FIS, a global provider of technology solutions for merchants, banks, and capital markets, acquired Payrix on December 23, 2021 (announced February 14, 2022) from investors led by Blue Star Innovation Partners and Providence Strategic Growth for approximately $800 million. The acquisition enhances FIS's embedded payments and finance capabilities for SMBs across industries, integrating Payrix's tools with Worldpay's global payment processing to enable platforms to scale e-commerce internationally. FIS stated the deal aligns with its strategy to expand e-commerce offerings via SaaS embeddings and unlock portfolio value, though it was not expected to materially impact financial results. Analysts estimated Payrix would add $10-20 million in revenue to FIS. FT Partners advised Payrix exclusively, while Clifford Chance advised FIS on the transaction involving multiple practice areas.

Payrix acquisition details
AcquirerDateTypePriceEV/Revenue
14 Feb 2022Strategic M&A$800M40.0x

Payrix Funding History

Payrix has raised a total of $72M across 2 funding rounds.

Payrix's first fundraising round was a $22M undisclosed-stage round in April 2019. The most recent completed round was a $50M undisclosed-stage round in October 2020.

Payrix funding rounds

Payrix funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2020Undisclosed stageBlue Star Innovation Partners (lead); PSG Equity (lead)$50MPayrix is a Frisco, Texas-based embedded fintech company and payment facilitation platform offering a flexible, staged approach to payment acceptance and sending capabilities. The company positions itself as a one-stop shop for accepting and sending payments, targeting software-as-a-service (SaaS) companies and aiming to generate recurring revenue through payment facilitation at scale. In October 2020, Payrix extended its Series A funding round, surpassing $50 million in total investment. The round was led by Blue Star Innovation Partners (BSIP), a Dallas-based growth equity fund founded by Dallas Cowboys owner Jerry Jones and entrepreneur Rob Wechsler, and Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners. At the time of the funding announcement, Payrix had approximately 55 employees nationwide and planned to use the capital to scale its product suite and expand its sales, marketing, product, engineering, and operations teams. The company's leadership emphasized its focus on creating stickiness and monetization opportunities for SaaS companies through its payment facilitation infrastructure.
Apr 2019Undisclosed stageBlue Star Innovation Partners (lead); PSG Equity$22MPayrix Payments Technology is a payments platform offering flexible payment facilitation solutions that enable SaaS platforms and software companies to integrate payments, transforming payments from a cost center to a profit center by streamlining processes, addressing risk and compliance, and capturing revenue share opportunities. The company announced a $22 million growth equity funding round on April 24, 2019, led by Blue Star Innovation Partners—a Dallas-based fund founded by Dallas Cowboys owner Jerry Jones, the Jones family, and entrepreneur Rob Wechsler—and Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners. Rob Wechsler and PSG's Marco Ferrari joined Payrix's board as part of the deal. Payrix planned to use the proceeds to scale operations, invest in business development, and expand marketing amid significant growth in the prior year. Blue Star targets innovative lower-middle market businesses with $10 million to $50 million in annual revenue and global potential, providing funding alongside mentorship in operations, branding, and go-to-market strategies. Payrix co-founder and CEO Boruch Greenberg highlighted the value of partnering with experienced investors who have built global brands, while co-founder Benny Silberstein noted the platform's position as the go-to solution for technology platform payments. This 2019 round contributed to Payrix raising a total of $50 million across three funding rounds, according to aggregated data.

Who has invested in Payrix?

2 investors have backed Payrix across its funding rounds, including PSG Equity and Blue Star Innovation Partners.

Lead investors include Blue Star Innovation Partners and PSG Equity.


Payrix Investors

Investors in Payrix by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 2 Payrix investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Payrix

Payrix has acquired 1 company to date.

Last acquisition by Payrix was on October 8th 2020. Payrix acquired IntegraPay for undisclosed valuation.


Latest Acquisitions by Payrix

IntegraPay
Description
IntegraPay is a Sydney, Australia-headquartered payment solutions provider for businesses seeking faster receivables. The company offers automated invoicing, direct debit collections, and debtor management tools tailored for trade contractors and professional services firms.
HQ CountryAustralia
HQ City
Brisbane
Deal Date8 Oct 2020
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Payrix acquisitions and their M&A valuation multiples.

Start Free Trial

Payrix Competitors

Payrix competitors include listed companies like Optasia, eFinance and Computer Age Management Services, and private ones like M2P Fintech, Form3 and Spreedly.

Public and private companies comparable to Payrix
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
M2P FintechIndiaIndiaPrivate$54M-$701M13.0x
OptasiaUAEUAEPublicly listed$265M$79M$1.1B3.6x
Form3United KingdomLondonPrivate--$570M-
SpreedlyUnited StatesUnited StatesPrivate--$500M-
eFinanceEgyptEgyptPublicly listed$130M$67M$1.6B-
Computer Age Management ServicesIndiaIndiaPublicly listed$158M$74M$1.8B10.5x

Payrix Public Comps

Payrix is no longer listed, but its public comps include Fujian Apex Software, Mitek Systems, Cuscal, IRESS, Sinodata, Global Infotech, PEXA Group, Sunyard Technology, Worldline and Shanghai Amarsoft.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Apex Software$87M$28M7.6x7.8x23.6x24.0x
Mitek Systems$180M$37M4.1x3.7x19.9x11.2x
Cuscal$297M$22M5.1x5.8x67.8x24.6x
IRESS$396M$103M2.1x2.3x8.2x8.3x
Sinodata$128M($8M)5.6x-(84.9x)-
Global Infotech$154M$7M4.8x-106.4x-
PEXA Group$285M$100M3.4x3.4x9.8x9.3x
Sunyard Technology$307M$10M2.2x-69.2x-

This data is available for Pro users. Sign up to see all Payrix competitors and their valuation data.

Start Free Trial

Common questions about Payrix

When was Payrix founded?Payrix was founded in 2015.
Where is Payrix headquartered?Payrix is headquartered in Atlanta, GA, United States.
Is Payrix publicly listed?No, Payrix was acquired by Fidelity Information Services in February 2022.
Who acquired Payrix?Payrix was acquired by Fidelity Information Services in February 2022.
How much was Payrix acquired for?Payrix was acquired for $800M in February 2022, a 40.0x revenue multiple.
How much funding has Payrix raised?Payrix has raised $72M across 2 funding rounds.
What was Payrix's last funding round?Payrix's last funding round was a $50M undisclosed-stage round in October 2020, led by Blue Star Innovation Partners and PSG Equity.
Who are Payrix's investors?Payrix's investors include Blue Star Innovation Partners and PSG Equity.
Which companies are comparable to Payrix?Companies comparable to Payrix include M2P Fintech, Optasia, Form3, Spreedly, eFinance and Computer Age Management Services.
How many companies has Payrix acquired?Payrix has acquired 1 company, including IntegraPay.

See companies similar to Payrix

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial