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Provider of an integrated payments platform to businesses across the United States. The company's card-present and card-not-present technology is housed under a single application programming interface (API) that allows business owners to understand the health of their business under one dashboard, one merchant account, one subscription and one unified platform, enabling them to improve efficiency and save credit card processing costs.
Last updated
In 2024, Stax Payments's revenue reached $9.4M. The company previously reported $8.3M in 2023. Since its launch in 2014, Stax Payments has shown consistent revenue growth.
Stax Payments has not publicly disclosed its valuation. The company has raised $18.3M in total funding to date.
Stax Payments has raised $18.3M in total funding across 4 rounds, with its most recent round in 2018.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2018 | Funding round | $10.5M | - | - | |
| 2017 | Funding round | $5.5M | - | - | |
| 2016 | Funding round |
CEO
Suneera Madhani is the Founder and Chief Executive Officer of Stax, an innovative tech company that radically simplifies the payment ecosystem. In 7 years, Suneera has taken Stax (formally Fattmerchant) from an idea to processing over $9 Billion in payments. Suneera has become a pioneer not only in the Payments industry (Most Influential Women in Payments, PaymentSource), but also for minority women looking to launch a SaaS start-up and raise venture capital. She has over $150+ m raised in venture capital and her inspirational story has been featured in publications such as Forbes, Fortune, and Huffington Post. In 2018, Business Journal listed Suneera as their CEO Of The Year. This inspired Suneera to launch her Top 100 podcast, CEO School, in August which now inspires over 100k women every day. (Link in featured section) Recently, Fortune recognized her in their 40 Under 40 list for her leadership in Fattmerchant’s explosive growth and Forbes ranked Fattmerchant in their Top 100 startup employers for 2020. Suneera is one of the few minority leaders in the fintech industry and continues to break down barriers with her visionary leadership. She is a sought after keynote speaker and is always looking for other opportunities to inspire others around her. To book Suneera and for media inquiries please contact [email protected]
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Stax Payments serves 12K customers.
Stax Payments employs approximately 264 people as of 2026, up from 235 in 2023, including 18 sales reps that carry a quota. It serves 12K customers that rely on its solutions.
Stax Payments generates an estimated $9.4M in annual revenue.
Stax Payments was founded by Suneera Madhani.
The CEO of Stax Payments is Suneera Madhani.
Stax Payments raised $18.3M across 4 rounds.
Stax Payments has 264 employees.
Stax Payments is headquartered in Orlando, Florida, United States.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$9.4M(Est.)
Customers
12K
Funding
$18.3M
Avg ACV
$784
Team
264
Founded
2014
| Year | Milestone | Source |
|---|---|---|
| 2024 | Stax Payments Hit $9.4m revenue in October 2024 | Estimated |
| 2023 | Stax Payments Hit $8.3m revenue in December 2023 | Estimated |
| 2021 | Stax Payments Hit $4.9m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
| $1.4M |
| - |
| - |
| 2015 | Funding round | $850K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 264 employees (December 2024) | |
| 2024 | Reached 261 employees (October 2024) | |
| 2023 | Reached 235 employees (December 2023) | |
| 2022 | Reached 280 employees (December 2022) | |
| 2021 | Reached 167 employees (December 2021) | |
| 2021 | Reached 126 employees (April 2021) |
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