PaymentWorks

Website

PaymentWorks Inc.

56 Investors
Vendor Management Technology
Boston, MA

PaymentWorks Inc. is a technology company specializing in vendor management and supplier onboarding solutions. Its flagship offering is a secure, cloud-based platform that streamlines vendor onboarding while ensuring compliance and minimizing fraud risks in business payments.

Products & Team

Digital Supplier Onboarding Platform

Supplier OnboardingSeed

The Digital Supplier Onboarding Platform is a comprehensive solution that facilitates the entire vendor onboarding process. It enables organizations to invite vendors, collect vital information securely, and ensure compliance with regulatory requirements.

Value Proposition

By automating the vendor onboarding process, PaymentWorks solves significant challenges such as vendor impersonation fraud and administrative burdens, leading to more secure and efficient payment practices.

Pain Points

Customer pain points addressed include the risks associated with vendor impersonation fraud, the administrative burden of managing vendor data, and the need for accurate compliance documentation.

Streamlined vendor onboarding processCompliance and risk mitigation through validation against sanction listsSeamless ERP integration for consistent data accuracyVendor-centric features for profile management and payment tracking
Industry
Other Technology
Primary business sector
Founded
2025
Year established
Location
Boston, MA
Primary headquarters

Funding History

Total Raised:
$12.0M
E

Debt Financing, Security Offering

December 2023
$17.0M
Target
Progress
71%
Raised
$12.0M
Target
$17.0M
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