PaymentWorks
2024 Revenue
$11.9M
Funding
$0
YOY
-2.3%
Team
106
Founded
2014
How PaymentWorks CEO Matias Elgart grew PaymentWorks 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.
Last updated
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.
| Year | Milestone |
|---|---|
| 2024 | PaymentWorks Hit $11.9m revenue in October 2024 |
| 2023 | PaymentWorks Hit $7.8m revenue in October 2023 |
| 2023 | PaymentWorks Hit $12.2m revenue in June 2023Source |
| 2021 | PaymentWorks Hit $4.9m revenue in April 2021 |
| 2014 | Launched 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.
| Year | Round | Amount | Valuation | % Sold |
|---|
PaymentWorks Employees & Team Size
PaymentWorks employs approximately 106 people as of 2026, up from 85 in 2023.
PaymentWorks has 106 total employees in different roles and functions and 7 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 106 employees (December 2024) |
| 2024 | Reached 85 employees (October 2024) |
| 2023 | Reached 85 employees (October 2023) |
| 2022 | Reached 93 employees (October 2022) |
| 2021 | Reached 64 employees (December 2021) |
| 2021 | Reached 58 employees (April 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for PaymentWorks yet.
Frequently Asked Questions about PaymentWorks
What is PaymentWorks's revenue?
PaymentWorks generates $11.9M in 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 raised $0.
How many employees does PaymentWorks have?
PaymentWorks has 106 employees.
Where is PaymentWorks headquarters?
PaymentWorks is headquartered in Boston, Massachusetts, United States.
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Compare PaymentWorks to the industry
PaymentWorks operates across multiple industries. Browse revenue, funding, and growth data for PaymentWorks in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .