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Top 8 Payment Software Companies With $5M–$10M Revenue (August 2026)

As of August 2026, Latka tracks 8 payment software companies with $5M–$10M in annual revenue. They have combined revenues of $56M and employ 610 people. They have raised $24.5M and serve 4.5M customers combined.

Every company below sells payment software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Payment Software Companies do

Payment software encompasses a range of digital tools and platforms designed to facilitate electronic transactions between businesses and consumers. These systems enable users to accept, process, and manage payments securely, often through various channels including e-commerce, mobile devices, and in-person transactions. Typical features of payment software include transaction authorization, fraud detection, reporting and analytics, as well as integration with accounting and inventory systems. Common use cases involve businesses of all sizes seeking to streamline their payment processing, manage subscriber billing, enable recurring payments, and enhance customer transaction experiences. Buyer personas for this category often include finance teams, IT departments, and operations managers who focus on improving efficiency, security, and consumer satisfaction.

Companies
8
Revenue
$56M
Funding
$24.5M
Employees
610

Filters

Sorting: Highest -> Lowest

Filters
Revenue
All<$1M$1M-$5M$5M-$10M$10M-$100M$100M+
Funding (Locked)Growth (Locked)Team-Size (Locked)

Top Payment Software Companies With $5M–$10M Revenue

Showing 8 of 8 companies ranked by annual revenue.

1Car IQ logo
Car IQ

San Francisco, California, United States

Developer of a vehicle payment technology platform designed for fleet managers to simplify and automate dealer systems. The company's platform offers end-to-end automotive CRM and inventory management solutions and develops a payment gateway that enables autonomous validation and payment for services removing the need for credit cards in vehicle service and payment workflows, enabling dealers to manage their car inventories, customer services and eliminating vehicle expense fraud.

Revenue
$9.5M
Year founded
2016
Team size
69
2Afriex logo
Afriex

San Francisco, California, United States

Instant, low-fee remittances

Revenue
$8.3M
Year founded
2019
Team size
55
3Cardsmobile logo
Cardsmobile

St. Petersburg, Russia

Developer of a mobile application designed to offer digital wallet services. The company's application collects all discounts, bank and transport cards and add all plastic cards to the smartphone to use them at the point of sale and provides safety and security as data is encrypted with the most secure algorithms, enabling users to pay for their spending without actually carrying the cards.

Revenue
$7.6M
Customers
4.5M
Year founded
2012
Funding
$2.5M
Team size
91
4Aino Indonesia logo
Aino Indonesia

Yogyakarta, DI Yogyakarta, Indonesia

Provider of electronic payment services intended to focus on receiving multi-issuer electronic money. The company's services offer e-ticketing, e-ticketing entrance access, e-identity, e-money integration for online and offline payment transactions covering the payment industry in Indonesia and the Asia Pacific, especially in the fields of public transportation and retail, enabling business clients to minimize the use of cash for the transaction.

Revenue
$7.2M
Customers
1.8K
Year founded
2007
Funding
$4M
Team size
154
5AeroPay logo
AeroPay

Chicago, Illinois, United States

Operator of a financial technology company based in Chicago. The company's cloud-based platform facilitates direct debit customer-to-business payments through mobile wherein the user directly connects bank accounts and makes payments for their purchase, offering small scale businesses to enhance their payment acceptance methods.

Revenue
$6.8M
Year founded
2017
Funding
$5M
Team size
68
6Amaryllis logo
Amaryllis

Stanford, California, United States

Developer of an online payment platform designed to help eCommerce companies in online payment systems. The company's online payment platform offers full visibility of the transaction lifecycle and reconcile all pay-in and payout providers, enabling payment processors, gateways, ISOs, marketplaces and payment facilitators to complete transactions life cycle of any financial supply chain.

Revenue
$6.6M
Customers
3K
Year founded
2011
Funding
$13M
Team size
50
7Biller Genie logo
Biller Genie

Miami, Florida, United States

A cloud-based accounts receivable platform and e-invoicing solution that automates bill presentment, follow up and online payments for small-and-mid-sized businesses.

Revenue
$5.2M
Year founded
2019
Team size
47
8Aella logo
Aella

Lagos, Nigeria

Diversified credit infrastructure powering payments across Africa.

Revenue
$5M
Team size
76

Frequently asked questions about Payment Software Companies With $5M–$10M Revenue

How many payment software companies with $5M–$10M in annual revenue are there?

Latka tracks 8 payment software companies with $5M–$10M in annual revenue. Together they generate $56M in annual revenue and employ 610 people.

Which payment software company with $5M–$10M in annual revenue is the largest?

Car IQ is the largest, with $9.5M in annual revenue, founded in 2016.

How much revenue does a typical payment software company with $5M–$10M in annual revenue make?

The average payment software company in this list makes $7M a year, across 8 companies with reported revenue. They serve 4.5M customers combined.

Who are the leading Payment software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are Car IQ, Afriex, Cardsmobile, Aino Indonesia and AeroPay.

How much funding have payment software companies with $5M–$10M in annual revenue raised?

The 8 payment software companies with $5M–$10M in annual revenue tracked here have raised $24.5M in disclosed funding between them.

Related Commerce Software categories

All Commerce Software SaaS categoriesEvery category we track inside Commerce Software, each ranked by revenue.Browse every SaaS industryThe full A-Z of SaaS categories Latka tracks, from Payment to everything else.

Inclusion Criteria

- Must facilitate electronic payment transactions between businesses and consumers. - Should provide features for transaction authorization and fraud detection. - Must support various payment methods, including credit cards, debit cards, and digital wallets. - Should include reporting and analytics capabilities for transaction insights. - Not just a single payment option; must support integration with multiple payment gateways and systems.