{"id":8471,"date":"2021-05-25T16:16:29","date_gmt":"2021-05-25T13:16:29","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=8471"},"modified":"2023-06-29T13:17:33","modified_gmt":"2023-06-29T10:17:33","slug":"ipo-of-paymentus-holdings-inc-a-fintech-for-smaller-businesses","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/05\/25\/ipo-of-paymentus-holdings-inc-a-fintech-for-smaller-businesses\/","title":{"rendered":"IPO of Paymentus Holdings Inc.: a Fintech for Smaller Businesses"},"content":{"rendered":"\n

More and more technological companies pay attention to satisfying the needs of small and medium-sized businesses. This category of clients has an obvious advantage over retail consumers through a higher financial responsibility and clearer requirements. For example, developers of SaaS platforms are now more active in offering solutions for the easy and quick creation of websites, online shops, and other similar things.<\/p>\n\n\n

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Fintech companies are also engaged in this. Paymentus Holdings Inc.<\/strong>, the company we’re going to talk about, offers technologies for making non-cash payments, and most of its clients are small and medium-sized businesses.<\/p>\n\n\n\n

The company’s IPO will take place at the NYSE<\/a> on May, 25th, while its shares will start to be traded the next days, the “PAY<\/strong>” ticker. Lets’ find out why Paymentus Holdings is attractive and what prospects its shares have.<\/p>\n\n\n\n

<\/span>Business of Paymentus Holdings Inc.<\/span><\/h2>\n\n\n\n

The company was founded in 2004 and is currently headquartered in Richmond, Virginia. The company’s President\/CEO is Dushyant Sharma<\/strong>, who earlier was a co-owner of Derivion<\/strong>, the company that developed a SaaS platform for processing payment orders. The key product of Paymentus is a cloud platform for making bill payments<\/p>\n\n\n

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Business of Paymentus Holdings Inc.<\/figcaption><\/figure><\/div>\n\n\n

The company’s key clients are so-called “billers”, individuals or entities that issue invoices for their goods or services. As of December 2020, Paymentus had over 1,300 business clients of such type. In total, the platform was used by more than 16 million people.<\/p>\n\n\n

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Business of Paymentus Holdings Inc.<\/figcaption><\/figure><\/div>\n\n\n

The platform is powerful enough to work with billers of any size and industry: insurance, government services, utility bills, healthcare, telecommunications, and finance.<\/p>\n\n\n

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Business of Paymentus Holdings Inc.<\/figcaption><\/figure><\/div>\n\n\n

Thanks to a wide network of billers with different requirements for bill payments, Paymentus has a great opportunity to get quality feedback to help the company implement innovations and improvements to the platform. The company’s product provides clients with a simple and clear payment method based on multi-channel payment system infrastructure, which forms an “all-in-one” payment ecosystem.<\/p>\n\n\n\n

Needless to say that the business development was positively influenced by the coronavirus pandemic last year. In addition to that, the target market of Paymentus Holdings Inc. is rapidly developing as such.<\/p>\n\n\n\n

<\/span>The market and competitors of Paymentus Holdings Inc.<\/span><\/h2>\n\n\n\n

According to Grand View Research<\/strong>, the global digital payment market in 2020 was $58.3 billion and is expected to reach $241 billion by 2028. An average annual growth rate is 19.4%, which will allow the company’s business to add over 25% in the same period.<\/p>\n\n\n

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The market and competitors of Paymentus Holdings Inc.<\/figcaption><\/figure><\/div>\n\n\n

Key factors of such a quick development will be the expansion of smartphones, increase in e-commerce, and all-around implementation of online payment technologies.<\/p>\n\n\n\n

In this light, the company’s competitors can be divided into three groups:<\/p>\n\n\n\n