Stax

About

Stax is a direct-cost, integrated payment technology provider dedicated to simplify the payment experience for all businesses.

Orlando,Florida,United States
101 - 250
https://staxpayments.com/

Highlights

Details

Last Funding Type: Series D
Last Funding Money Raised: $245M
Industries: Financial Services,Mobile Payments,Payments,Software,Transaction Processing
Founded date: Jan 1, 2014
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Fattmerchant Inc.
Also Known As: Fattmerchant

Stax is a provider of payment technology solutions for businesses across the United States. Their integrated, omnichannel technology supports retail and restaurant locations with physical terminal and POS integrations, an online business with shopping cart capabilities, professional services businesses with a robust online invoice and billing solution, and on-the-go businesses with a mobile application. In addition, their open API empowers developers to create custom payment experiences with all of the benefits of processing with Stax. Based in Orlando, Florida, Stax exists as a partner to small business owners to help improve their overall payments experience.

Their integrated payment platform, simple subscription-style pricing structure, and a team of friendly support specialists make payment processing something business owners can rely on, not feel intimidated by. Since its inception, Stax has powered more than $1 billion in transactions and is backed by the largest payment facilitator in the country - Vantiv. Stax exists as a partner to small business owners to help improve their overall payment experience. Their simple subscription-style pricing structure, a team of friendly support specialists, and valuable data insights make payment processing something business owners can rely on, not feel intimidated by. Stax supports over $1 billion in transactions and is backed by the largest payment facilitator in the country - Vantiv.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$263.25M

Stax has raised a total of $263.25M in funding over 2 rounds. Their latest funding was raised on Mar 8, 2022 from a Series D round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 8, 2022	Series D	$245M	3	—	—	Detail
Jul 19, 2018	Series C	$10.50M	1	Fulcrum Equity Partners	—	Detail
Oct 24, 2017	Series B	$5.50M	4	Fulcrum Equity Partners	—	Detail
May 12, 2016	Series A	$1.40M	6	venVelo	—	Detail
Nov 4, 2015	Seed	$850K	3	venVelo	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

10

Stax is funded by 10 investors. Fulcrum Equity Partners and Blue Star Innovation Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
Fulcrum Equity Partners	Yes	Series C
Blue Star Innovation Partners	—	Series D
Greater Sum Ventures	—	Series D
HarbourVest Partners	—	Series D
DeepWork Capital	—	Series B
Florida Opportunity Fund	—	Series B
venVelo	—	Series B
Florida Angel Nexus	—	Series A
Phil Rawlins	—	Series A
Wet Paint Ventures	—	Series A