PayEngine provides a white-label payments-facilitation platform for vertical SaaS companies across home services, automotive, construction, healthcare and transportation. Led by founder and CEO Spartak Buniatyan, the platform helps SaaS companies improve payments monetization while mitigating Merchant of Record liabilities and addressing data security and compliance issues. As a custom-label offering, the platform can be branded for client use and integrated alongside a company’s other core software products in a matter of days. The company plans to use new funding to grow its team, expand access to clientele, develop more financial product offerings within its platform and shore up international support. The company is based in Los Angeles, CA. PayEngine provides a white-label payments platform designed to help vertical market software vendors maximize payment revenue, eliminate liability and reduce complexity while owning and improving customer experience. The platform enables SaaS companies to add payments services alongside their core software products and supports migration from other platforms in a matter of days. PayEngine serves SaaS customers across multiple verticals, including automotive, residential and commercial services, construction, health care, utilities and transportation. The company is led by Spartak Buniatyan and is focused on expanding its product and integrations for vertical markets. PayEngine raised seed funding to support growth and operational scaling. The company intends to use the proceeds to expand its core team and operations and extend its business reach.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

May 2022