Best Payments Companies in Massachusetts, United States
The 94 best Payments companies in Massachusetts, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Flywire.
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 Massachusetts
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Flywire Provider of payment and software solutions for various business sectors | $263M | 63 mo ago | 171 | 2009 | — | Craft CMSCart FunctionalityApple iCloud Mail+37 | — | 2 partnerships · 1 award |
| 2 | MineralTree Cloud-based accounts payable solutions for businesses | $123M | 68 mo ago | 124 124 → 99 (-20%) | 2010 | — | WordPressMySQLPHP+25 | 8 patents Secure electronic payment processing and automated clearinghouse transaction systems | — |
| 3 | Hummingbird Provider of an AI-powered platform for financial risk and compliance management | $42M | 54 mo ago | 120 | 2016 | Joe Robinson Co-Founder & CEO | HubSpot CMS HubSalesforceAmazon Web Services+21 | 13 patents Patents concentrated in health & consumer products | 2 launchs |
| 4 | WAY Systems Mobile wireless point-of-sale | $35M | 206 mo ago | 50 | 2002 | Will Wang Graylin Founder & ex-CEO | — | — | — |
| 5 | Paydiant White-labeled mobile payment solutions | $35M | 153 mo ago | 57 | 2010 | — | — | 22 patents Mobile payment transaction processing, NFC/ATM integration, and tokenized wallet services | — |
| 6 | PaymentWorks Provider of vendor management software for vendor onboarding and payments | $34M | 29 mo ago | 56 56 → 131 (+134%) | 2013 | Alan Greenblatt CTO & Co-founder | WordPressMySQLPHP+30 | — | — |
| 7 | InAuth Digital device intelligence for risk detection and analysis | $31M | 83 mo ago | 7 | 2010 | — | — | 24 patents Secure device authentication and trusted communication across multiple channels | — |
| 8 | Leaf Point of Sale hardware and software solution. | $26M | 152 mo ago | 49 | 2011 | — | — | 54 patents Personalized web content delivery, automated Q&A, and multimedia overlay analytics. | — |
| 9 | ZSuite Technologies Provider of escrow subaccounting platform for financial institutions and commercial partners | $20M | 32 mo ago | 26 26 → 60 (+131%) | 2019 | Jay Tuli Founder and Chairman | HubSpot CMS HubApple iCloud MailMicrosoft 365+21 | — | — |
| 10 | Peppercoin Platform offering PCI compliant payment solutions for loyalty programs | $20M | 251 mo ago | — | 2001 | Perry Solomon Founder | SentryRadix UITailwind CSS+11 | 6 patents Secure micropayment processing platforms for electronic transactions | — |
| 11 | Lynx Provider of fintech solutions in the healthcare industry | $18M | 16 mo ago | 21 | 2021 | — | HubSpot CMS HubGSAPSwiper+27 | 8 patents Patents concentrated in computing, sensing & instrumentation | — |
| 12 | Vayusa Manufacturer of HDPE/PP woven bags and other packaging solutions | $17M | 230 mo ago | — | 2001 | Walter Stock Co-Founder | — | 8 patents Digital loyalty/reward program integration with mobile payments and wireless notifications | — |
| 13 | Loop Mobile wallet provider. | $12M | 143 mo ago | 61 | 2012 | — | — | 75 patents Blockchain-enabled payment and load management systems for electric vehicle charging infrastructure | — |
| 14 | Jassby Budget management platform for kids | $11M | 65 mo ago | 15 | 2017 | — | WordPressMySQLPHP+22 | — | — |
| 15 | DepositLink Payment management and deposit collection solutions for real estate businesses | $8M | 12 mo ago | 16 | 2017 | Jay Rooney Founder & CEO | Windows ServerMicrosoft ASP.NETBlazor+19 | — | — |
| 16 | Toolbox Online marketplace for hiring construction professionals | $8M | 50 mo ago | — | 2019 | Wil Eyi Co-founder & CEO | WebflowKnockout.jsStripe+17 | 10 patents Stiffness‑enhanced 3D‑printed parts for industrial tooling and component manufacturing | — |
| 17 | Koverly Accounting and payments management platform | $8M | 11 mo ago | 13 | 2020 | — | WebflowAmazon Web ServicesAlpine.js+21 | — | — |
| 18 | paerpay App-based platform for dining payments | $7M | 24 mo ago | 16 | 2017 | Derek Canton Founder & CEO | Cart FunctionalitySquarespace CommerceSquarespace+12 | — | — |
| 19 | ROAM Data MPOS payment solution for businesses | $6M | 198 mo ago | 92 | 2005 | — | — | 58 patents Secure electronic payment terminals, transaction processing, and POS token/coupon integration | — |
| 20 | Aliaswire Account receivable mangement solution provider | $6M | 59 mo ago | 18 18 → 45 (+150%) | 2005 | Jed Rice CEO and Board Member | WordPressApple iCloud MailMicrosoft 365+16 | 8 patents Digital payment processing with secure authentication and customizable bill‑presentment workflows | 1 job opening |
| 21 | CoFi Online payment solution for healthcare businesses | $6M | 37 mo ago | 7 | 2019 | Sean Hanlon Co-Founder | RubyTrixChart.js+19 | — | — |
| 22 | PayByCar Online pay-by-text solutions for toll payments | $4M | 49 mo ago | 6 | 2017 | Anand Raman Co-founder | WordPressMySQLPHP+22 | — | — |
| 23 | ScribeUp Virtual credit cards for subscription management | $3M | 34 mo ago | 14 | 2020 | Yohei Oka CTO & Co-Founder @ ScribeUp | SentryNode.jsTailwind CSS+21 | — | 1 partnership |
| 24 | CardStar Retailer of affordable fashion apparel and accessories | $1M | 177 mo ago | — | 2008 | Andy Miller Co-Founder & CTO | — | — | — |
| 25 | Tipjoy Digital content creators can sell or receive tips using a Tipjoy button | $1M | 212 mo ago | — | 2008 | Ivan Kirigin Co-Founder & CTO | — | — | — |
| 26 | Chariot Payments P2P payment solutions for merchants | $1M | 52 mo ago | 9 | 2018 | Benjamin Cavallari Co-Founder | — | — | — |
| 27 | Delta Payment Solutions Payment processing solutions for businesses | $565K | 60 mo ago | 7 | 2017 | — | — | — | — |
| 28 | ArgoPay QR code based virtual credit card with no transaction fees | $500K | 157 mo ago | — | 2013 | Igor Ostrovsky Founder and CEO | — | — | — |
| 29 | Convenient Cards White-label solutions for prepaid cards | $291K | 164 mo ago | 7 | 2007 | Greg Caldicott CEO & President | ContaoZohoPHP+15 | — | — |
| 30 | Finnest Expense management app and debit card for kids | $195K | 94 mo ago | 6 | 2016 | Clemens Grave Founder & CEO | — | — | — |
| 31 | BlueHill Payments Credit card processing solutions for merchants | $125K | 51 mo ago | 2 | 2021 | Himanshu Minocha Founder & CEO | — | — | — |
| 32 | FigCard Mobile payment solution in brick and mortar stores | $100K | 186 mo ago | — | 2010 | Dave McLaughlin Co-Founder | — | — | — |
Top 12 Payments companies in Massachusetts
#1
Seed · Milton, Massachusetts · founded 2017 · 16 employees$8Mraised▾
Payment management and deposit collection solutions for real estate businesses. It provides a safe and secure solution for real estate businesses and their agents to collect deposits and commissions electronically. It also eliminates wire fraud and checks handling liabilities for escrow holders.
- Jun 2025Seed$2M
- Jul 2022Seed$3M
- May 2022Seed$1.5M
- Mar 2021Seed$3.5M
#2
Series A · Concord, Massachusetts · founded 2020 · 13 employees$7.6Mraised▾
Accounting and payments management platform. It offers products like Bill pay for billing management, Global payments for payments management, Accounting for accounting management, payment acceptance platform, wallets, and credit management platform, and more.
- Jun 2025Series A$19M
- Aug 2023Seed$7.6M
#3
Series A · Wellesley, Massachusetts · founded 2021 · 21 employees$17.5Mraised▾
Provider of fintech solutions in the healthcare industry. It provides users with banking solutions for healthcare purposes via open APIs. It enables companies to embed customizable health-fintech solutions into their customer experience to improve affordability, drive health engagement, and enhance financial security.
- Feb 2025Series A$27M
- Mar 2022Series A$15M
- Mar 2022Seed$2.5M
#4
Series A · Cambridge, Massachusetts · founded 2013 · 56 employees$33.8Mraised▾
Provider of vendor management software for vendor onboarding and payments. The software streamlines vendor verification, automates compliance monitoring, and optimizes payables strategy. It facilitates secure vendor data management and aims to reduce vendor fraud risks. The system offers features such as automated sanctions checks and audit trails.
- Dec 2023Series A$12M
- Jun 2022Series A$5.4M
- May 2020Series A$1.8M
- Jul 2019Series A$14.5M
#5
Seed · Worcester, Massachusetts · founded 2017 · 16 employees$7.2Mraised▾
Paerpay is a mobile app for dining payments. The users need to scan the Paerpay code at the table to create a new bill. Users can use the app to split, tip, and manage the bill. Supports credit card and debit card payments. Available on Android and iOS platforms.
- May 2024Conventional Debt$700K
- Mar 2022Seed$3M
- Dec 2021Seed$4.2M
- May 2018Seed—
#6
Public · Boston, Massachusetts · founded 2009 · 171 employees$263.3Mraised▾
Provider of payment and software solutions for various business sectors. The company offers a platform designed to streamline payment processes across different industries. It facilitates global payment flows with tools for invoicing and payment management. The company’s software integrates with existing systems to provide solutions tailored to specific client needs.
- Mar 2021Series E—
- Feb 2020Series E$120M
- Jul 2018Series D$100M
- Jan 2015Series B$22M
#7
Series A · Burlington, Massachusetts · founded 2019 · 26 employees$20.2Mraised▾
Provider of escrow subaccounting platform for financial institutions and commercial partners. The platform facilitates the management of complex escrow and subaccounts. It allows commercial partners to create custom interest configurations to the subaccount level. The system helps with tracking and distributing from an interest calculation perspective. The platform supports various commercial verticals, including property managers, municipalities, and law firms.
- Oct 2023Series A$3.2M
- Aug 2022Series A$11M
- Dec 2020Series A$35K
- Aug 2019Series A$6M
#8
Acquired · Cambridge, Massachusetts · founded 2010 · 124 employees$123.4Mraised▾
Cloud-based accounts payable solutions for businesses. It provides solutions for scanning invoices, converting invoices into PDF format, linking documents with data, and more. It offers multiple products including Invoice-to-pay for accounts payable automation, Flexpay for payments automation, virtual card with SilverPay for vendor payments management, and fraud Security with SliverGuard for payment fraud detection.
- Sep 2020Series D$54.4M
- Mar 2019Series C$50M
- Feb 2015Series B$11.1M
- Jun 2012Series A$6.3M
#9
Series B · Boston, Massachusetts · founded 2016 · 120 employees$41.8Mraised▾
Provider of an AI-powered platform for financial risk and compliance management. The platform offers tools for customer screening, transaction monitoring, investigations, and regulatory reporting. It provides features such as customer profiles, artificial intelligence, automations, and application integrations. The platform serves industries including banks, fintechs, and crypto, with use cases such as anti-money laundering, customer due diligence, and sponsor banks.
- Nov 2021Series B$30M
- May 2020Series A$8.2M
- Oct 2018Series A$3M
#10
Series A · Boston, Massachusetts · founded 2019 · 7 employees$5.5Mraised▾
Online payment solution for healthcare businesses. It features a co-management payment solution that allows patients to pay for invoices separately to every party involved in the process. It offers patients a single bill payment platform, where payments are distributed to multiple healthcare parties based on the inputs provided.
- May 2023Series A$3.5M
- Dec 2021Seed$2M
#11
Seed · Cambridge, Massachusetts · founded 2020 · 14 employees$3Mraised▾
Virtual credit cards for subscription management. It enables users to make payments for subscriptions and manage subscription expenses. It also provides tools for payment reminders and monitoring transactions.
- Aug 2023Seed$3M
#12
Acquired · Boston, Massachusetts · founded 2010 · 7 employees$30.8Mraised▾
Digital device intelligence for risk detection and analysis. The platform offers device identification, risk detection, and analysis capabilities to help organizations limit risk and reduce fraud. The solutions leverage AI, machine learning, and community insights to authenticate users, identify fraudulent activity, and optimize digital transactions.
- Jul 2019Grant (prize money)$291.3K
- Feb 2016Series A$29.9M
- Jul 2014Seed$835K
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 Massachusetts researches in digital payments
MIT, MGH, and UMass Amherst lead Massachusetts digital-payments research, focusing predominantly on financial inclusion and healthcare policy, with a cautiously contested tone (mean stance 0.22) skewed toward concern.
- Massachusetts Institute of Technology9
- Massachusetts General Hospital4
- University of Massachusetts Amherst3
- Massachusetts Department of Public Health1
- Massachusetts Eye and Ear Infirmary1
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.