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Paymetric delivers secure, integrated payment processing solutions for enterprise clients. Its core product manages, protects, and streamlines card payment transactions by embedding these capabilities directly into existing enterprise applications. This technology enables businesses to accelerate their order-to-cash process while adhering to critical security and compliance mandates.
Established in 1998, Paymetric was founded to address the critical need for robust, secure payment acceptance within complex corporate environments. Its inception addressed the imperative of safeguarding sensitive cardholder data and seamlessly integrating payment processing into broader operational workflows, solving a significant market challenge for enterprises.
The company serves large enterprises seeking to optimize payment ecosystems and financial operations. Paymetric’s vision centers on empowering businesses with tools to enhance payment security, mitigate compliance burdens, and improve overall operational efficiency. It strives to ensure secure and seamless payment experiences for its clients and their customers.
Paymetric has raised $26.0M across 3 funding rounds.
Key people at Paymetric.
Paymetric was founded in 1998 by Nick Ogden (Founder).
Paymetric has raised $26.0M in total across 3 funding rounds.
# High-Level Overview
Paymetric is a secure payment processing platform that enables enterprises to streamline electronic payment acceptance while maintaining robust data security and regulatory compliance. Founded in 1998, the company specializes in integrated payment solutions designed specifically for complex enterprise environments, serving leading global brands across multiple industries.[1][3]
Paymetric's core offering addresses a fundamental enterprise challenge: legacy accounting and ERP systems were not built to handle electronic payments as native business processes.[4] The company solves this by providing a cloud-based, processor-agnostic tokenization solution that integrates seamlessly with existing enterprise infrastructure like SAP and Oracle, automating the order-to-cash workflow while reducing fraud risk and PCI compliance burden.[1][2][3]
# Origin Story
Paymetric was established in 1998 in Houston, Texas, by two former SAP employees who recognized a consistent and costly problem facing large enterprises: fragmented payment data and workflows that generated slow, unreliable results.[4] This insider perspective proved invaluable—the founders understood both the technical architecture of enterprise systems and the operational pain points that created demand for integrated payment solutions.
The company's foundational product, XiPay, emerged as an intelligent transaction processing engine designed to operate as a fully integrated, native component of ERP systems rather than as a bolted-on afterthought.[4] This architectural approach became the cornerstone of Paymetric's modular payment processing solutions and differentiated it from competitors offering fragmented point solutions.
# Core Differentiators
# Role in the Broader Tech Landscape
Paymetric operates at the intersection of two powerful trends: digital payment acceleration and enterprise security hardening. As organizations increasingly digitize their order-to-cash processes, the need for integrated, secure payment infrastructure has become mission-critical rather than optional.
The company's timing has proven advantageous. Regulatory pressure around data security (PCI-DSS, GDPR, and similar standards) has intensified the cost of non-compliance, making Paymetric's compliance-by-design approach increasingly valuable. Simultaneously, the shift toward cloud-based enterprise systems has created demand for payment solutions that operate natively within modern architectures rather than requiring expensive custom integrations.
Paymetric's influence extends beyond its direct customer base. As a three-time award-winning SAP partner, the company has shaped how enterprises think about payment acceptance as a core business process rather than a peripheral function.[6] Its success has validated the market for specialized payment infrastructure tailored to enterprise complexity—a segment that generic payment processors often overlook.
# Quick Take & Future Outlook
Paymetric's acquisition by Worldpay represents validation of its enterprise-focused strategy and positions the company within a larger payments ecosystem.[1][5] The company's future trajectory will likely be shaped by several forces: continued regulatory tightening around data security, accelerating digital transformation in traditionally analog industries, and the growing sophistication of fraud tactics requiring advanced tokenization and encryption.
As enterprises continue modernizing their financial infrastructure, Paymetric's deep integration capabilities and compliance expertise position it to capture an expanding share of the order-to-cash automation market. The company's ability to reduce both fraud risk and compliance costs—two persistent pain points for CFOs—ensures its relevance in an increasingly security-conscious business environment.
Paymetric was founded in 1998 by Nick Ogden (Founder).
Paymetric has raised $26.0M in total across 3 funding rounds.
Paymetric's investors include Elsewhere Partners.
Key people at Paymetric.
Paymetric has raised $26.0M across 3 funding rounds. Most recently, it raised $8.0M Series B in August 2009.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2021 | Flutterwave | $170.0M Series C | Tiger Global Management, Jamie Reynolds | Insight Partners, Left Lane Capital, Sapphire Ventures, 9Yards Capital, DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft, Salesforce Ventures, Tiger Management, WorldpayFIS |
| Jan 21, 2020 | Flutterwave | $35.0M Series B | eVentures, Greycroft | CRE Venture Capital, Green Visor Capital, Visa, Joon Cho |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2009 | $8.0M Series B | Elsewhere Partners | |
| Dec 1, 2008 | $11.0M Venture Round | Elsewhere Partners | |
| Jan 1, 2005 | $7.0M Series A | Elsewhere Partners |