Overview
Payabli is a dynamic player in the payments infrastructure domain, primarily designed for software enterprises. Its core mission is to seamlessly integrate and monetize payment processes as embedded functions, which supports software entities in turning payments into a dovetail component of their business models.
Key Financials
Recently, Payabli successfully concluded a $20 million Series A funding round on June 25, 2024, orchestrated by QED Investors. This funding is geared towards expanding operations and driving innovation in their payment infrastructure offerings. The company previously raised a seed round in mid-2022, with Fika Ventures leading the round supported by TTV Capital and Bling Capital. In total, Payabli has raised $32 million, strengthening its financial posture with the support of investors, including QED Investors, Bling Capital, Ershad Jamil, Fika Ventures, and Fundamental Ventures.
Growth and Market Position
Reflecting its vigorous growth trajectory, Payabli achieved the rank of No. 223 on the 2024 Inc. 5000 list, showcasing a remarkable three-year revenue growth rate of 1800 percent. The company's estimated annual revenue stands at $4.5 million with a 28% growth rate over the past year and a team of approximately 37 employees, underscoring its steadfast advancement within the payments sector.
Leadership and Key Personnel
Payabli is co-navigated by Joseph Elias Phillips and William Corbera, who both serve as co-CEOs. Joseph, originating from his family's jewelry business, is situated in Los Angeles and has an educational background from USC Marshall School of Business. William, based in Miami, capitalizes on his multicultural expertise from Miami, Barcelona, and Costa Rica, reinforcing his proficiency as a fintech entrepreneur.
The strategic vision is enriched by key figures such as:
- Johnny Mejias, Head of Engineering
- Clayton Smith, Director of Operations
- Maria Romano, Director of Business Operations
- Anthony Alonzo and Sumanta Das, Product Managers
- Sarah Sanchez, Manager of Customer Success
- Gerald Spate, Client Success Manager
- Paul Blick, Senior Lead Solution Engineer
- Collin Haberl and Aaron Vela, Senior Account Executives
Through the collaborative efforts of these seasoned professionals, Payabli is poised for continuous innovation and market proliferation.
Product and Services
Payabli delivers a robust suite of payment solutions through offerings like Pay In, Pay Out, and Pay Ops. These versatile, API-driven options empower software companies by embedding essential payment functions, including acceptance, issuance, and operational management. An outstanding product The Creator highlights Payabli’s dedication to catering to complex SaaS scenarios with precision-engineered solutions.
Strategic Focus
At its core, Payabli champions the integration of payments to enhance revenue, cultivate customer lifetime value, and amplify enterprise value. It maintains a customer-centric vision by fostering substantial partnerships to architect comprehensive payment frameworks that promote profitability alongside customer satisfaction.
Core Values
Payabli's ethos is deeply rooted in fostering a team-first culture, customer passion, and a direction towards long-term, sustainable growth. The company values a proactive stance encouraging a bias for action, paying attention to intricacies that can yield significant impacts. Internally, they strive for transparency, taking accountability, and nurturing a cooperative environment conducive to effective problem-solving.
Competitor Analysis
In the payment solutions sphere, Payabli contends with several competitive enterprises:
- Navan dominates with a considerable annual revenue of $491 million, excelling in corporate travel and expense management with a vast international reach.
- Dellfer, focusing on cybersecurity with a revenue near $0.4 million, underscores emphasis on cloud-based protections in IoT and automotive contexts.
- Gtriip stands out in the AI-driven biometric and document-free registration sectors, enhancing identity verification, likely complementing Payabli's payment security measures.
Other competitors include Akuity in Kubernetes applications and Fuel Cycle, interacting with a market valuation of $28 million, each representing distinct yet intersected areas within Payabli's operational domain.
Social Media and Online Presence
For more on Payabli, connect via their [LinkedIn](https://www.linkedin.com/company/payabli) profiles of the leadership team or learn more on their [official website](https://payabli.com).
By aligning its strategic efforts with market demands and prioritizing innovative payment solutions, Payabli is adeptly situated within a complex and evolving competitive environment, poised to expand its footprint across the fintech landscape.
