Best Payments Companies in Illinois, United States
The 85 best Payments companies in Illinois, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Arroweye.
Our analysis of 50 Payments companies
$20.7b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Payments companies in Illinois
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Arroweye On-demand payment card solutions provider enabling speed and flexibility | $89M | 73 mo ago | Acquired | 226 | 2000 | — | 6 patents Customizable financial transaction cards and e‑commerce greeting card integration solutions | — |
| 2 | Braintree Payment gateway solutions | $69M | 164 mo ago | Acquired | 183 | 2007 | Brain CEO | — | — |
| 3 | Network Merchants White Label Payment Gateway solutions | $54M | 51 mo ago | Acquired | 113 | 2001 | Ted Cucci Co-Founder | — | — |
| 4 | Tandym Provider of promotional management and payment solutions for e-commerce brands | $50M | 45 mo ago | Seed | 23 | 2021 | David Anderson Co-founder and CPO | — | — |
| 5 | Eved Provides spend management and payments platform for businesses | $31M | 69 mo ago | Series C | 30 | 2010 | Talia Mashiach Founder & CEO | 9 patents Event management software platforms for scheduling, coordination, and execution of events | 1 launch |
| 6 | Mozaic Payment processing solution for creators | $27M | 32 mo ago | Series A | 11 | 2013 | Rachel Knepp Co-Founder | — | — |
| 7 | AeroPay Provider of a network for bank payments, payouts, and risk prevention | $25M | 25 mo ago | Series B | 48 | 2017 | Daniel Muller Founder & CEO | — | 1 partnership |
| 8 | Power Platform offering credit card solution for digital brands | $16M | 45 mo ago | Acquired | 15 | 2021 | — | 256 patents Advanced cooling and integration for high‑efficiency power supplies and converters | — |
| 9 | SwervePay EMR integrated patient-centric payment solution using text messages | $16M | 87 mo ago | Acquired | 16 | 2010 | — | — | — |
| 10 | Payroc Payment processing solutions for businesses and merchants | $14M | 100 mo ago | Series A | 37 | 2003 | James Oberman CEO | — | 1 award |
| 11 | HealthiPASS Healthcare billing management | $11M | 75 mo ago | Acquired | 46 | 2013 | Curtis Bauer Chief Executive Officer | — | — |
| 12 | Accertify Fraud prevention tools for businesses | $7M | 193 mo ago | Acquired | 310 | 2007 | Mark Michelon CEO & President | 12 patents Secure communication pathways and device identification/categorization for network security. | 1 internship · 1 launch |
| 13 | Payline Payment processing solutions for in-person, online, and recurring payments | $7M | 112 mo ago | Acquired | 52 | 2009 | — | — | — |
| 14 | Rippleshot Provider of AI-driven banking fraud analytics and detection platform solutions | $5M | 94 mo ago | Series A | 10 10 → 13 (+30%) | 2013 | Yueyu Fu Co-Founder | — | — |
| 15 | Clinify Provider of cloud-based EHR management software for healthcare professionals | $3M | 39 mo ago | Seed | 15 | 2019 | Nathan Pelzer Founder & CEO | 3 patents Value-based healthcare decision optimization and analytics software | — |
| 16 | Cardx Seamless surcharging solutions for businesses, government, and education | $2M | 81 mo ago | Acquired | 27 | 2013 | — | — | — |
| 17 | Giftbar Gift cards marketplace | $1M | 168 mo ago | Seed | 10 | 2010 | Jennifer Morris Co-Founder | — | — |
| 18 | Statpay.MD Payments transparency for healthcare providers | $849K | 133 mo ago | Acqui-Hired | — | 2012 | Piyush Vijaykumar Kedia CEO & Founder | — | — |
| 19 | Rocketr Online payment processing and e-commerce solutions | $500K | 99 mo ago | Seed | — | 2016 | Alex Paden Co-Founder | — | — |
| 20 | GlobalPrimex Alternative payments solutions | $190K | 73 mo ago | Funding Raised | 25 | 2014 | Marek Sala CEO | — | — |
| 21 | Vivor A platform that matches patients with financial assistance programs. | $180K | 98 mo ago | Acquired | 11 | 2014 | — | — | — |
| 22 | PushCoin Secure student wallet platform for schools, streamlining payments and operations | $140K | 169 mo ago | Seed | — | 2012 | Anna Lisznianski Co-Founder & CEO | — | — |
Top 12 Payments companies in Illinois
#1
Series B · Chicago, Illinois · founded 2017 · 48 employees$25Mraised▾
Provider of a network for bank payments, payouts, and risk prevention. The network facilitates bank connectivity, payment processing, and risk management through a single integration. It offers tools for customizable checkouts, real-time visibility, and branded bank linking experiences. The network supports incentives and rewards programs tied to bank usage.
- May 2024Series B$20M
- Mar 2021Series A$5M
- Sep 2020Seed—
#2
Series A · Chicago, Illinois · founded 2013 · 11 employees$27Mraised▾
Payment processing solution for creators. Provides platform enabling payment through multiple currencies. Enables to split earnings, royalty, and donations with creators, and collaborators around the world with the way they want to be paid. Reaches creators all over the world, making to collaborate with and pay creators anywhere and at scale.
- Sep 2023Series A$25.6M
- Sep 2018Series A$2.4M
- Seed$400K
#3
Seed · Chicago, Illinois · founded 2021 · 23 employees$50Mraised▾
Provider of promotional management and payment solutions for e-commerce brands. The company provides digital store cards to increase brand loyalty, reward customers, and increase revenue. The feature includes integration via ecommerce plug-ins or SDK, checkout solutions, customized branding, and more.
- Aug 2022Conventional Debt$50M
- Seed—
#4
Acquired · Chicago, Illinois · founded 2021 · 15 employees$16.1Mraised▾
Platform offering credit card solutions for digital brands. The platform offers personalized product experiences and targeted marketing for the customers. It helps brands to build, launch, and scale finance experiences for loyal customers. It offers a credit card program, tailored loyalty & rewards, shopper insights, and more.
- Sep 2022Conventional Debt$300M
- Sep 2022Seed$16.1M
#5
Acquired · Roselle, Illinois · founded 2001 · 113 employees$54.2Mraised▾
Network Merchants, LLC. (NMI) builds e-commerce payment gateways for companies that want to process online transactions in real-time anywhere in the world. NMI created, maintains and delivers a substantial suite of payment solutions through a unique channel of distribution comprising of financial institutions, ISOs/MSPs, payment processors, VARs, and other e-commerce developers interested in retaining their existing merchant-customers and acquiring new business. With an easy to integrate transparent and private-label program, Affiliate Partners maintain their own look and feel while providing merchants with efficient and secure payment processing solutions. NMI’s open-architectural design allows Affiliate Partners to earn substantial residuals without having to worry about competition from the gateway.
- Feb 2022PE$54.2M
- Sep 2021Series A—
- May 2014PE—
- Sep 2013PE—
#6
Acquired · Chicago, Illinois · founded 2000 · 226 employees$88.7Mraised▾
On-demand payment card solutions provider enabling speed and flexibility. They redefine payment card production with an innovative on-demand model, eliminating inventory management. Their approach provides unparalleled flexibility and speed to market for financial institutions, fintechs, neobanks, and prepaid card providers. They offer zero inventory payment card production, EMV contactless and dual interface payment cards, debit and credit card production, and prepaid card production using digital print technology. They are a payment technology company constantly bringing innovation and new ideas to every solution. They are a team of innovators, technologists, and customer advocates, offering card personalization and fulfillment services with zero waste and zero inventory fees. They provide both short run and large order printing services.
- May 2020Series D$3M
- Aug 2019Series D$1M
- Mar 2019Series D$2.5M
- May 2017Series D$10M
#7
Seed · Chicago, Illinois · founded 2019 · 15 employees$3.1Mraised▾
Clinify Health is a cloud-based EHR software for healthcare professionals. It uses applied health signals and machine learning to develop, deploy, and sustain actionable clinical insights based on patient medical data. The physician reviewed treatment, management, and preventive care that enables customized care plans based on health conditions.
- Mar 2023Seed—
- Aug 2021Seed$3.1M
- Feb 2021Seed—
- 2020Grant (prize money)—
#8
Series C · Chicago, Illinois · founded 2010 · 30 employees$31.4Mraised▾
Eved provides a spend management and payments platform for businesses. Offers a complete Source-to-Pay cloud-based technology solution that automates the buying and selling of meetings.
- Sep 2020Series C$1.9M
- Dec 2015Series C$14.4M
- Jan 2013Series B$1.7M
- Jan 2012Series B$9.5M
#9
Acquired · Chicago, Illinois · founded 2007 · 183 employees$69Mraised▾
Payment gateway solutions. Offers solutions for accepting online payments for marketplace businesses, authenticating third-party tools, and more. Features fraud detection and prevention, data security, and more.
- Oct 2012Series B$35M
- Jun 2011Series A$34M
#10
Acquired · Lombard, Illinois · founded 2013 · 46 employees$11.3Mraised▾
Health-i-Pass is a patient billing management system, which facilitates automated bill payment and account analysis, thereby allowing patients and hospitals to focus on core concerns. Accounts can be created for household members on the web or app (android/iOS), have the patient part of the bill automatically deducted after insurance claims. The platform is PCI DSS compliant and easily integrated.
- Mar 2020Series B—
- Nov 2018Series A$3M
- Dec 2017Series A$7.2M
- May 2016Series A—
#11
Acquired · Chicago, Illinois · founded 2010 · 16 employees$15.8Mraised▾
SwervePay provides patients with a portal-free platform to pay their bills via text message. The platform, which is integrated into existing patient management systems, enables healthcare providers to collect patient balances before, during and after care. Features include: automated messaging for appointment reminders and notifications, secure integration engine and back-end electronic health record automation.
- Feb 2019Series B$4.2M
#12
Series A · Chicago, Illinois · founded 2003 · 37 employees$14.3Mraised▾
Payroc provides payment processing solutions for businesses & merchants. It offers solutions such as payment gateways, POS terminals, reward-based payments, open banking APIs, and more. It facilitates payments via credit/debit cards, bank transfers, and wallets.
- Feb 2018Series A$3.4M
- Oct 2016Series A$10.9M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Illinois researches in digital payments
- University of Illinois System6
- Southern Illinois University Carbondale6
- University of Illinois Urbana-Champaign6
- Illinois Institute of Technology3
- University of Illinois at Springfield3
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.