Paymentus Holdings, a cloud-based bill payment technology and solutions provider, has filed Form S-1 Registration Statement on April 30, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $250 million.
The company delivers next-generation product suite through a modern technology stack to more than 1,300 business clients. Their platform was used by approximately 16 million consumers and businesses in North America in December 2020 to pay bills and engage with their clients.
The Redmond, Washington-based company was founded in 2004 and booked $302 million in sales for the 12 months ended December 31, 2021. It plans to list on the NYSE under the symbol “PAY.” Goldman Sachs, J.P. Morgan, BofA Securities, Citi, Baird, Nomura Securities, Raymond James and Wells Fargo Securities are underwriters of the IPO.
The company engages Wilson Sonsini Goodrich & Rosati, P.C. as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.
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