Stax Valuation, Funding & Investors

Interswitch is a Lagos-headquartered digital payments processor founded in 2002 operating across 10 African countries. The company manages Verve card scheme with 60 million cards issued, Quickteller for bill payments, and APIs for e-commerce serving banks like Zenith and MTN MoMo integrations.

TransferMate is an Ireland-headquartered B2B payments platform processing cross-border transactions in 140 currencies across 170 countries. It holds 40 payment licenses globally, enabling virtual accounts for collecting euro, sterling, and dollar payments. Clients such as Accenture and PayPal use its API for automated supplier payouts, achieving settlement times of one day compared to banks' three to five.

Satispay is a Milan-headquartered mobile payment platform operating across Italy, France, and Germany. Independent from traditional debit and credit cards, it facilitates in-store and online transactions through a dedicated app, alongside peer-to-peer money transfers. Merchants accept payments via smartphone, tablet, or PC integrations, enjoying lower fees compared to card networks. Consumers benefit from secure, contactless payments at over 200,000 affiliated retailers including Esselunga supermarkets and Decathlon stores. Launched in 2015, Satispay processes billions in annual transaction volume, positioning it as a leading alternative payment network in Europe with partnerships alongside major banks like Intesa Sanpaolo.

Hala is a Dubai-based fintech offering digital wallets and point-of-sale solutions for merchants accepting credit cards. The platform supports remittances, bill payments, and QR code transactions across UAE and GCC countries, integrated with networks like Visa and Mastercard.

Sipay is a Turkey-headquartered fintech firm licensed as an electronic money institution by the Central Bank of the Republic of Turkey. It delivers issuer and acquirer payment solutions, including POS terminals with tailored merchant settlements, white-label SaaS platforms for partner-branded services, and the Sipay Wallet for cardless transactions and transfers. Additional offerings encompass QR code payments, mobile wallets, account-to-account transfers, gold trading features, and treasury-linked income from settlements. The platform caters to B2C consumers and B2B enterprises across Turkey using proprietary technology and an internal financial operations system.

TNG FinTech Group is a Hong Kong-based fintech company founded in 2014 developing social banking platforms. It enables real-time fund transfers and instant messaging interoperability for e-wallets, banks, and merchants across Asia and beyond.

Juspay is a Bengaluru-based digital payments infrastructure provider, founded in 2012, that powers payment processing for clients including Amazon, Flipkart, Google, IndiGo, Swiggy, and banks such as HSBC. The platform has evolved from payment orchestration into a full-stack UPI platform and core payments infrastructure for banks and enterprises, processing more than 300 million transactions daily with annualized total payment volume exceeding $1 trillion. Juspay operates globally, with offices in San Francisco, Dublin, São Paulo, Singapore, and Dubai, serving more than 500 enterprises and banks across Asia-Pacific, the Middle East, Latin America, Europe, and North America.

PicS NV is a digital payments company. The company operates a peer-to-peer (P2P) transfer platform that enables individuals to send money via mobile devices. It provides digital wallets, instant payments (Pix), P2P transfers, credit cards, loans, investments, insurance, and SMB payment solutions. The company has four reportable segments: Consumer Banking, Small and Medium-Sized Businesses, Audiences and Ecosystem Integration, and Institutional. The majority of the company's revenue is derived from the Consumer Banking segment, which generates revenue from various transaction activities occurring in the digital wallet, such as Pix, peer-to-peer (P2P) transfers, and bill payments.

AtoB is a San Francisco-headquartered fintech building payment processing and financial tools for the ground transportation sector including rideshare drivers, limos, and trucking fleets. The platform offers instant card payouts, fuel cards, expense management, and insurance products integrated with dispatching software. AtoB processes transactions for over 100,000 drivers monthly via APIs compatible with Uber and Lyft systems. Founded in 2021, the company partners with Visa for card issuance and expands into fleet management across North America.

Check is a payroll platform enabling companies to embed payroll features into their software. The Chicago-headquartered service provides APIs and infrastructure for vertical SaaS providers in workforce management. Launched publicly in 2021, it supports partners serving businesses across the United States and is backed by Stripe, Thrive Capital, Index Ventures, and Bedrock.

PaySign Inc is a provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers, and government institutions. The Company creates customized payment solutions for clients across industries, including pharmaceutical, healthcare, hospitality, and retail. The company's revenues include fees generated from cardholder fees, interchange, card program management fees, transaction claims processing fees, and settlement income.

London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.

Seshaasai Technologies Ltd is a technology-driven, multi-location solutions provider focused on offering payments, communications, and fulfilment solutions catering to the banking, financial services, and insurance (BFSI) industry, with data security and compliance at the core of its solutions. Solutions that the company offers at scale and on a recurring basis, driven by its proprietary platforms, play a crucial role in enabling the operations and deliverables of the BFSI sector in India. The company also offers Internet of Things (IoT) solutions to a diverse set of customers across industries.

Viva Wallet is an Athens-headquartered digital banking provider operating in 23 European countries as a principal member of Visa and Mastercard for acquiring and issuing. The neobank offers card acceptance via Smart Android terminals, Viva Wallet POS app, and online payment gateways, alongside business accounts featuring local IBANs and Mastercard debit cards. Viva Wallet owns VIVABANK SA as a Greek banking subsidiary and an E-money institution compliant with PSD II across the EEA. Services include multi-currency settlements and integrations for e-commerce platforms, targeting SMEs and enterprises with hardware-free payment solutions.

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium business enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments, and Enterprise Payments. SMB Payments segment which generates the majority of revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging Priority's proprietary software platform, distributed through ISO; the B2B Payments segment provides AP automation solutions to corporations, software partners, & industry FIs: and Enterprise Payments segment provides embedded payment & treasury solutions to enterprise customers to modernize legacy platforms & accelerate software partners' strategies to monetize payments.

Jeeves is a New York-headquartered global financial platform providing corporate cards, bill payments, expense management, and AI-driven accounting automation. Launched in 2019, it supports businesses in Brazil, Colombia, North America, and EMEA with tools for multi-currency transactions, serving clients like H&M, Burger King, and Nubank.

Flywire Corp provides a secure payment platform, offering its clients a streamlined process to receive reconciled domestic and international payments more cost-effectively and efficiently. The company's solutions are built on three core elements, namely a payments platform, a proprietary payment network, and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

Primer is a London-headquartered payments orchestration platform operating in over 35 countries. Merchants in retail, e-commerce, travel, mobility, ticketing, and fintech sectors use its APIs to route transactions across processors like Stripe and Adyen for fraud prevention and revenue optimization. The company integrates with over 150 payment methods and supports currencies including USD, EUR, and GBP. Primer processes billions in transaction volume annually, enabling customizable workflows that adapt to regional regulations in Europe, Latin America, and Asia.