Deal Details
Paymentus Completes $242 Million IPO
Summary
Paymentus Holdings, Inc. (“Paymentus” or the “Company”) (NYSE: PAY), a portfolio company of Accel-KKR (“AKKR”) recently completed an initial public offering of 11,500,000 shares of its Class A common stock at a price to the public of $21.00 per share, including the exercise of the full over-allotment option.
Baird served as a passive bookrunner on this offering.
About
Paymentus, founded in 2004, a leading provider of innovative, reliable, and secure electronic bill presentment and payment services for more than 1300 clients leading the Utility, Insurance, Consumer Finance, Health and Government industries. Paymentus offers a comprehensive eBilling and Payment Platform allowing their clients to provide a unified customer bill-pay experience that includes online, mobile, IVR, text, kiosk, and agent-assisted channels, as well as a full range of customer communication options. The Company is headquartered in Redmond, Washington.Accel-KKR, founded in 2000, invests in mid-market software and technology enabled services firms with the goal of advancing the journey for their portfolio company management teams and their employees as well as investors. Throughout the years, AKKR has taken a collaborative approach to working with management teams so that the companies can reach their full potential. AKKR has over $10B in committed capital across its buyout, growth capital and credit funds, providing for flexibility depending on the needs of our portfolio companies.
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- Date
- June 2021
- Company
- Paymentus Holdings, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Business Process Outsourcing
Software
Marketing, Data & Analytics
- Target Geography
- North America
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