Paymentus Completes $242 Million IPO

Technology & Services

Paymentus 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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Technology & Services

Paymentus IPO

Date
June 2021
Company
Paymentus Holdings, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Application Software
Business Process Outsourcing
Internet & Communications
Target Location
North America

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