Payroc
7840 Graphics Drive Suite 200, Tinley Park, IL, 60477, United States
Overview
Payroc is a high-growth international merchant acquirer, payment facilitator, and processing powerhouse operating in 46 countries, and processing over $29 billion in annualized volume for more than 66,000 merchants. Payroc offers best-in-class sales enablement and merchant processing technology, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc LLC, together with its wholly-owned affiliate Payroc Processing Systems, LLC, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV), payment facilitator and encryption support organization (ESO) for Fifth Third Bank, National Association (“Fifth Third”). Payroc LLC is a registered independent sales organization (ISO/MSP) for Fifth Third and Wells Fargo Bank, N.A., Concord, California (“Wells”). NXGEN, one of Payroc’s companies, is an Elavon payments partner and registered as an ISO/MSP of Elavon, Inc., Georgia, a wholly owned subsidiary of US Bank Minneapolis. The company’s Canadian business companies are registered ISO/MSP of Wells and Peoples Trust Company, Vancouver, Canada.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Financial Services
- Payments
- Transaction Processing
Investment portfolio
- Quantic
Participated · Seed · Aug 2022
Quantic offers a cloud-based, processor-agnostic point-of-sale platform that supports brick-and-mortar, eCommerce, self-ordering, and kiosk environments for restaurant and retail verticals. Its product family includes the portable Quantic Lite POS and a surcharging Smart Terminal, and the company emphasizes omnichannel connectivity between front and back of house. Quantic has pursued integrations with partners such as Chowly, DoorDash, Shopify, and QuickBooks to expand its ecosystem. The company plans to use new capital to scale deployment of its Smart Terminal, accelerate product growth of Quantic Lite POS, and invest in research and development to improve user experience. Leadership hiring and strengthening the product ecosystem—particularly better-integrated surcharging solutions—are cited as near-term priorities. Quantic is headquartered in King of Prussia, PA, and maintains international offices in the United Kingdom and Canada.