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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
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 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.
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We do not have customer count information for PaymentWorks yet.
PaymentWorks employs approximately 106 people as of 2026, up from 85 in 2023, including 7 sales reps that carry a quota.
PaymentWorks generates an estimated $11.9M in annual revenue.
PaymentWorks was founded by Matias Elgart.
The CEO of PaymentWorks is Matias Elgart.
PaymentWorks is bootstrapped and has not raised outside funding.
PaymentWorks has 106 employees.
PaymentWorks is headquartered in Boston, Massachusetts, United States.
PaymentWorks operates across multiple industries. Browse revenue, funding, and growth data for PaymentWorks in each sector below.
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
$11.9M(Est.)
Funding
$0
Team
106
Founded
2014
| Year | Milestone | Source |
|---|---|---|
| 2024 | PaymentWorks Hit $11.9m revenue in October 2024 | Estimated |
| 2023 | PaymentWorks Hit $7.8m revenue in October 2023 | Estimated |
| 2023 | PaymentWorks Hit $12.2m revenue in June 2023 | zoominfo.com |
| 2021 | PaymentWorks Hit $4.9m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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