News Room Archives - Payabli Your Payments Playbook and Infrastructure Tue, 13 Aug 2024 03:35:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.10 Payabli Ranks No. 223 on the 2024 Inc. 5000 With Three-Year Revenue Growth of 1800 Percent https://www.payabli.com/payabli-ranks-223-on-the-2024-inc-5000-with-three-year-revenue-growth-of-1800-percent/ https://www.payabli.com/payabli-ranks-223-on-the-2024-inc-5000-with-three-year-revenue-growth-of-1800-percent/#respond Tue, 13 Aug 2024 08:30:18 +0000 https://www.payabli.com/?p=3195 MIAMI, August 13, 2024 –  Inc. revealed today that Payabli ranks No. 223 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, […]

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MIAMI, August 13, 2024 –  Inc. revealed today that Payabli ranks No. 223 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000. Payabli also ranked in additional categories within the Inc 5000 list, including #11 in Miami, #12 in Financial Services, and #22 in Florida.

“Making the Inc 5000 was a bucket list accomplishment for William and me. This incredible honor is a testament to our team’s steadfast devotion to supporting the Entrepreneurial Economy by helping Software companies become Payments Companies. We are grateful to all of our loyal and inspiring Software Partners that believe in Payabli and have helped us achieve this milestone. ” said Joseph Elias Phillips, Payabli’s Co-Founder and Co-CEO.

The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of magazine, available on newsstands beginning Tuesday, August 20.

One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.” 

Payabli’s API-first payments infrastructure allows software companies to make payments a core part of their business model allowing them to create seamless payment experiences with cutting-edge payment acceptance, payment issuance, and payment operations tools. ”Payabli is experiencing massive growth. We grew over 340% in 2023 and have grown by over 300% Year over Year. The momentum we’re experiencing is fueled by the tectonic shift where trillions of dollars of commerce are moving from legacy payment technology and distribution and becoming embedded within the system of record vertical SaaS platforms. Payabli exists to help these software companies quickly and easily embed and monetize Payments,” stated William Corbera, Payabli’s Co-Founder and Co-CEO.

More about Inc. and the Inc. 5000 

Methodology 

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Payabli

Payabli is a next-generation Payments Infrastructure and Monetization Platform that helps software companies make Payments a core part of their business model through a single developer-friendly API. Built by payment industry and SaaS veterans, Payabli powers software companies with innovative payment acceptance and issuance solutions, powerful payment operations tools, and the ability to unlock lucrative economics. Payabli makes Software companies Payments companies by giving them PayFac capabilities without the heavy lift, administrative burden, and exorbitant cost of becoming a payment facilitator. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses. Payabli has raised $32,000,000 in venture capital from respected fintech investors: QED, TTV Capital, Fika Ventures, and Bling Capital.

About Inc. 

Inc Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com

For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit conference.inc.com

 

CONTACT:

Payabli PR

Camille Phillips | 949.742.1389

Camille@payabli.com

Payabli Marketing

Marielle Mekkaoui

Marielle@payabli.com

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Payabli secures $20M to help SaaS companies get paid https://www.payabli.com/payabli-secures-20m-to-help-saas-companies-get-paid/ https://www.payabli.com/payabli-secures-20m-to-help-saas-companies-get-paid/#respond Wed, 26 Jun 2024 02:13:14 +0000 https://www.payabli.com/?p=3143 Miami-based Payabli is on a mission to take the headache out of payments for SaaS companies. The startup has developed the next-generation of rails enabling the quick and easy deployment of embedded finance products. Read the Refresh Miami article here. Marielle MekkaouiMarketing at Payabli

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Miami-based Payabli is on a mission to take the headache out of payments for SaaS companies. The startup has developed the next-generation of rails enabling the quick and easy deployment of embedded finance products.

Read the Refresh Miami article here.

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Payabli is building payment management tools for software startups https://www.payabli.com/payabli-is-building-payment-management-tools-for-software-startups/ https://www.payabli.com/payabli-is-building-payment-management-tools-for-software-startups/#respond Tue, 25 Jun 2024 19:54:59 +0000 https://www.payabli.com/?p=3137 Payabli announced that it raised $20 million in a Series A funding round led by QED Investors, with participation from existing investors TTV Capital, Fika Ventures and Bling Capital. Read the TechCrunch article here.   Marielle MekkaouiMarketing at Payabli

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Payabli announced that it raised $20 million in a Series A funding round led by QED Investors, with participation from existing investors TTV Capital, Fika Ventures and Bling Capital. Read the TechCrunch article here.

 

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Payabli Closes $20M Series A to Scale Operations and Drive Innovation for its Payments Infrastructure and Monetization Platform https://www.payabli.com/20m-series-a-to-scale-operations-and-drive-innovation-for-payments-infrastructure-and-monetization-platform/ https://www.payabli.com/20m-series-a-to-scale-operations-and-drive-innovation-for-payments-infrastructure-and-monetization-platform/#respond Tue, 25 Jun 2024 15:34:55 +0000 https://www.payabli.com/?p=3131 Round led by QED Investors arrives after company surpasses 340% growth in revenue over the past 12 months. MIAMI – June 25th, 2024 –Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling […]

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Round led by QED Investors arrives after company surpasses 340% growth in revenue over the past 12 months.

MIAMI – June 25th, 2024 –Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth. The new round of funding will be used to drive further product innovation, reinforce security and scalability, fuel new customer acquisition, and empower existing software partners to integrate and activate total processing volume easier and faster.

Payabli’s API-first Payments Infrastructure and Monetization Platform allows software companies to make payments a core part of their business model. Payabli focuses on providing a single unified API to allow software developers to create any payment experience they need for payment acceptance and payment issuance, as well as robust payment operations tools to manage the tactical operations of a payments company.

“We’ve been resolute in our product vision of unifying Pay In, Pay Out and Pay Ops via a single unified API since founding the company. The strong traction and growth we’ve experienced over the last year is a testament to the fact that software companies have become the modern distribution for payment processing and rely on modern solutions like Payabli to run their payments business,” said William Corbera, Payabli’s Co-Founder, Co-CEO and Product Architect.

“Our Seed round helped us establish credibility to go up-market and win larger partnerships, as well as develop innovative products like Creator, our no-code embedded component builder. Our Series A will be invested to further fuel innovation, particularly in our Pay Out and Pay Ops product categories, and better support our software partners to not only easily integrate our technology, but accelerate the activation of their total processing volume,” added Joseph Elias Phillips, Co-Founder and Co-CEO of Payabli.

Payabli is unique in the embedded payments category given the robustness of the company’s product offering focused on Pay In, Pay Out and Pay Ops. Payabli’s Payment Acceptance offering has nuanced vertical-specific capabilities that lend themselves to certain “Need-to-Pay” verticals, like property management, utilities, education, government and more. Moreover, the company’s Embedded Payables solution is an integral asset as it allows Payabli to grow existing customer’s share of wallet, and acquire customers that may already have an established payment acceptance integration but are interested in monetizing their sub merchants’ payables. Lastly, Payabli has been a pioneer in the unbundling of payment operations solutions, offering a-la-carte SaaS modules that software companies can leverage as they scale their payments business to take on more control over the user experience and to unlock superior economics.

“While software platforms are increasingly embedding payments and other financial products to generate new revenue streams and deepen customer engagement, the supporting payments infrastructure has not kept pace as traditional payment processors were not built with software platforms in mind,” said Laura Bock, Partner at QED Investors. “We were so excited when we met the Payabli team. Will and Jo bring a wealth of payments and software expertise having felt the pain firsthand while architecting Service Titan’s payments platform. There is a tectonic shift in payments volume onto software companies, and Payabli is building the next generation of payments infrastructure with this buyer front and center.”

Today, trillions of dollars in payment processing are shifting from legacy systems and traditional channels to vertical SaaS platforms, which act as industry-specific systems of record. This integration offers SaaS companies a chance to boost revenue and enhance customer experiences by embedding financial services directly into their software. To scale this payments monetization strategy, SaaS providers need modern infrastructure partners like Payabli. Payabli delivers the technology and expertise to seamlessly integrate payment solutions, helping SaaS companies expand their offerings, drive growth, and strengthen customer relationships.

“When we met Will and Jo two years ago, Payabli had just entered the market. What we saw then still applies today: Payabli’s robust product offering and easy-to-implement APIs solve a critical need for software companies, as they need modern infrastructure to successfully integrate payments into their platform,” said Neil Kapur, Partner at TTV

Capital. “Payabli’s upward trajectory over the past year proves there is a strong product-market fit with even more growth to come. We continue to be impressed by Will and Jo’s leadership as they expand Payabli’s product offerings and forge new customer partnerships, and we are proud to support them in this next phase of the business.”

Payabli grew rapidly with over 340% growth in revenue in the previous 12 months leading up to the Series A round. Payabli works with over 60 software companies including Roofr.com, BuildOps, PayHOA, BuilderPrime, CurbWaste, FitDEGREE, Cubby and Edstruments. This latest round of funding will allow Payabli to hire more engineering leadership and talent to further propel innovation and scalability while hiring additional customer-focused team members to acquire further partners.

 

About Payabli

Payabli is a next-generation Payments Infrastructure and Monetization Platform that helps software companies make Payments a core part of their business model through a single developer-friendly API. Built by payment industry and SaaS veterans, Payabli powers software companies with innovative payment acceptance and issuance solutions, powerful payment operations tools, and the ability to unlock lucrative economics. Payabli makes Software companies Payments companies by giving them PayFac capabilities without the heavy lift, administrative burden, and exorbitant cost of becoming a payment facilitator. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses. Payabli has raised $32,000,000 in venture capital from respected fintech investors: QED, TTV Capital, Fika Ventures and Bling Capital.

About QED Investors

QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include AvidXchange, Betterfly, Bitso, Caribou, ClearScore, Current, Creditas, Credit Karma, Flywire, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly, SoFi, Wagestream and Wayflyer.

About TTV Capital

Founded in 2000, TTV Capital is one of the longest-running venture capital firms investing exclusively in early-stage fintech companies. We create enduring value for our investors, founders, and team by supporting our portfolio companies at every stage of growth. Our distinct approach combines deep industry knowledge with connections, resources, and founder-friendly relationships. TTV’s portfolio includes more than 100 market leaders and emerging pioneers across payments, banking, investing, crypto, and embedded finance. The firm has been named to Inc.’s Founder-Friendly Investors list, the top ten of the Founder’s Choice VC list, and Institutional Investor’s Fintech Finance 40. TTV is headquartered in Atlanta and has a presence in the Bay Area. For more information, visit www.ttvcapital.com.

About Fika Ventures

Founded in 2016, Fika Ventures is a boutique early-stage venture fund based in Los Angeles. We are hands-on investors who focus on data-powered companies in enterprise software, marketplaces, financial technology, digital health, and more across North America. In Sweden, fika is an essential cultural activity that involves getting to know someone better over a cup of coffee. For us, it is an excuse to spend time with the best and brightest as well as an opportunity to listen, create, and collaborate. Over the past 8 years, we have backed 90 companies and over 170 exceptional founders, many of whom have become leaders in their categories. We are excited to continue building and supporting an incredible community of entrepreneurs and changemakers who make an impact on our future.

About Bling Capital

Bling Capital is an early stage venture fund founded in 2018 by Ben Ling, a former product executive at Google, Facebook, and YouTube. Since inception, Bling Capital has backed over 100 companies that have collectively raised over $2B. Bling Capital offers a unique Product Council of 100+ top executives as resources to its portfolio companies. We are honored to have been featured by TechCrunch as “The VCs that Founders Love the Most” and Ben Ling was recently ranked #5 on the 2024 Forbes Midas Seed List.

 

Contacts

Payabli PR

Camille Phillips | 949.742.1389

Camille@payabli.com

Payabli Marketing

Marielle Mekkaoui

Marielle@payabli.com

 

Source: Payabli

 

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Leaders in Payments Podcast: Jo Phillips & Will Corbera, Co-CEOs of Payabli | Episode 329 https://www.payabli.com/leaders-in-payments-podcast/ https://www.payabli.com/leaders-in-payments-podcast/#respond Tue, 11 Jun 2024 17:30:09 +0000 https://www.payabli.com/?p=3082 Have you ever imagined turning every software company into a payment powerhouse? At Payabli, that’s exactly what we’re doing. In the latest episode of the Leaders in Payments Podcast, our co-founders and co-CEOs, Jo Phillips and Will Corbera, share their visionary work in the payments industry. They discuss how we’re transforming software businesses with a […]

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Have you ever imagined turning every software company into a payment powerhouse? At Payabli, that’s exactly what we’re doing. In the latest episode of the Leaders in Payments Podcast, our co-founders and co-CEOs, Jo Phillips and Will Corbera, share their visionary work in the payments industry. They discuss how we’re transforming software businesses with a unified API for payment acceptance, issuance, and operational management.

Jo’s journey began in his grandfather’s jewelry business in Southern California, while Will’s multicultural upbringing took him across Miami, Barcelona, and Costa Rica. These diverse experiences have uniquely equipped them to lead Payabli and drive innovation in the fintech space.

In the podcast, Jo and Will offer insider advice for newcomers to the payments industry, emphasizing the importance of understanding the payments value chain, having a mentor, and focusing on a specific vertical. They also express their gratitude to our hardworking team and announce exciting job openings at Payabli—an excellent opportunity for aspiring fintech professionals.

Jo and Will also encourage aspiring entrepreneurs to take the leap into the fintech space, highlighting its potential for disruption and innovation. Tune in to the episode for expert insights and inspiring stories straight from the leaders of Payabli.

Listen to the full episode here.

 

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