Stax Payments
2024 Revenue
$9.4M(Est.)
Customers
12K
Funding
$18.3M
Avg ACV
$784
Team
264
Founded
2014
Stax Payments Revenue & Funding (2024)
Stax Payments generated an estimated $9.4M in annual revenue in 2024. Source: GetLatka estimate
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
Stax Payments Revenue
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.
| 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 | Not recorded |
| 2014 | Launched with $0 revenue |
Stax Payments Valuation, Funding Rounds
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 | - | - | Not recorded |
| 2017 | Funding round | $5.5M | - | - | Not recorded |
| 2016 | Funding round | $1.4M | - | - | Not recorded |
| 2015 | Funding round | $850K | - | - | Not recorded |
Founder / CEO
Suneera Madhani
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]
Customers
Stax Payments serves 12K customers.
Stax Payments Employees & Team Size
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 264 employees (December 2024) | Not recorded |
| 2024 | Reached 261 employees (October 2024) | Not recorded |
| 2023 | Reached 235 employees (December 2023) | Not recorded |
| 2022 | Reached 280 employees (December 2022) | Not recorded |
| 2021 | Reached 167 employees (December 2021) | Not recorded |
| 2021 | Reached 126 employees (April 2021) | Not recorded |
Frequently Asked Questions about Stax Payments
What is Stax Payments's revenue?
As of 2024, Stax Payments generated an estimated $9.4M in annual revenue.
Who founded Stax Payments?
Stax Payments was founded by Suneera Madhani.
Who is the CEO of Stax Payments?
The CEO of Stax Payments is Suneera Madhani.
How much funding does Stax Payments have?
Stax Payments raised $18.3M across 4 rounds.
How many employees does Stax Payments have?
As of 2024, Stax Payments had 264 employees.
Where is Stax Payments headquartered?
Stax Payments is headquartered in Orlando, Florida, United States.
Data and Sources
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.
Claim this profilePeople Also Viewed
Electio
It has been an amazing journey so far and it’s only going to get better. As of the 8th of May 2017...
Sentra
Cloud data security redefined
Drips.com
Developer of performance marketing software intended to help clients increase lead conversions. The...
iZooto
When was the last time you clicked on a banner ad? Bet you can't recall that. AdBlockers adoption...
Spark Studio
The most magical personal Voice-Led AI English Learning Buddy for Kids
Zitara Technologies, Inc.
Predictive battery management software for electrified fleets
