Paymentus Closes $152.2M Deal to Bring Payveris into Its Payment Ecosystem

airdrop_whisperer · 2025-12-31T10:44:47+00:00

Paymentus is acquiring Payveris for approximately $152.2 million, enhancing its real-time payment offerings and client base. This strategic integration aims to modernize bill payment systems, offering benefits for banks, credit unions, and end users.

airdrop_whisperer

2025-12-31 10:44:47

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Financial tech continues consolidating as Paymentus has agreed to acquire Payveris, a move that strengthens both companies’ positions in the real-time payment space. The transaction values Payveris at approximately $152.2 million, with the purchase structured at roughly 56% cash and 44% in Paymentus Class A common stock.

Why This Deal Matters

The acquisition represents a significant expansion of Paymentus’ Instant Payment Network® footprint. Payveris currently serves over 265 banks and credit unions through its MoveMoney platform, a cloud-based solution handling bill pay, person-to-person (P2P), and account-to-account (A2A) money movement. By integrating Payveris into its ecosystem, Paymentus gains immediate access to this substantial financial institution client base while offering them enhanced capabilities.

Dushyant Sharma, President and CEO of Paymentus, highlighted the strategic fit: “Their technology and team are best-in-class and would be incredibly additive to our platform.” The combination addresses a market pain point—many financial institutions remain stuck with fragmented, legacy payment systems that lack modern capabilities and real-time functionality.

What Happens Next

Upon closing, Paymentus will provide Payveris’ 265+ banking clients access to the Instant Payment Network®, significantly expanding their payment reach. Additionally, Payveris customers serving loan portfolios will gain access to Paymentus’ omni-channel bill presentment platform, modernizing loan payment operations. The integration also enables Payveris’ bank and credit union clients to offer Paymentus services to their own business and commercial customers.

For end users, the combination promises streamlined money management with faster, more transparent payment experiences. Banks and credit unions benefit from improved consumer engagement and better bill pay economics through a unified platform rather than managing multiple point solutions.

Transaction Timeline and Details

The deal has received approval from both companies’ Boards of Directors and is expected to close in Q3 2021, subject to customary closing conditions. The acquisition reinforces Paymentus’ broader mission to modernize the bill payment ecosystem across all industries, positioning the combined entity to compete more effectively in the rapidly evolving fintech payment landscape.

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