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How PaymentWorks CEO Matias Elgart grew to $11.9M revenue with a 106 person team in 2024.

Provider of a B2B payment security platform intended to facilitate the exchange of payment information between corporate payers and payees. The company's platform mitigates B2B payment fraud risk and ensure regulatory compliance through a 360 view of each payee, machine learning algorithms, and third-party attested identity credentialss, enabling large and mid-sized companies to exchange information with suppliers to ensure efficiency throughout the invoice to pay process.

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PaymentWorks Revenue

In 2024, PaymentWorks's revenue reached $11.9M. The company previously reported $7.8M in 2023. Since its launch in 2014, PaymentWorks has shown consistent revenue growth.

PaymentWorks Revenue GrowthReported revenue / ARR over time$0$3M$6M$9M$12M$15M201420162018202020222024$0$4.9M$11.9MSource: GetLatka.com
YearMilestoneQuote
2024PaymentWorks Hit $11.9m revenue in October 2024
2023PaymentWorks Hit $7.8m revenue in October 2023
2021PaymentWorks Hit $4.9m revenue in April 2021
2014Launched with $0 revenue

PaymentWorks Valuation, Funding Rounds

PaymentWorks is a bootstrapped Third Party & Supplier Risk Management Software startup. Founded in 2014, PaymentWorks has grown to $11.9M in revenue without raising any venture capital or outside funding.

As a self-funded Third Party & Supplier Risk Management Software SaaS company, PaymentWorks has built its business with no outside investment.

PaymentWorks Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12014Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Matias Elgart

CEO

Matias Elgart is listed as CEO at PaymentWorks.

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Customers

We do not have customer count information for PaymentWorks yet.

PaymentWorks Employees & Team Size

PaymentWorks employs approximately 106 people as of 2026, up from 85 in 2023, including 7 sales reps that carry a quota.

PaymentWorks Team GrowthReported headcount over time025507510012520142016201820202022202400106106Source: GetLatka.com
YearMilestone
2024Reached 106 employees (December 2024)
2024Reached 85 employees (October 2024)
2023Reached 85 employees (October 2023)
2022Reached 93 employees (October 2022)
2021Reached 64 employees (December 2021)
2021Reached 58 employees (April 2021)

Frequently Asked Questions about PaymentWorks

What is PaymentWorks's revenue?

PaymentWorks generates an estimated $11.9M in annual revenue.

Who founded PaymentWorks?

PaymentWorks was founded by Matias Elgart.

Who is the CEO of PaymentWorks?

The CEO of PaymentWorks is Matias Elgart.

How much funding does PaymentWorks have?

PaymentWorks is bootstrapped and has not raised outside funding.

How many employees does PaymentWorks have?

PaymentWorks has 106 employees.

Where is PaymentWorks headquarters?

PaymentWorks is headquartered in Boston, Massachusetts, United States.

Compare PaymentWorks to the industry

PaymentWorks operates across multiple industries. Browse revenue, funding, and growth data for PaymentWorks in each sector below.

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.

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