Stax

company

About

Stax is a direct-cost, integrated payment technology provider dedicated to simplify the payment experience for all businesses.

Details

Last Funding Type
Series D
Last Funding Money Raised
$245M
Industries
Financial Services,Mobile Payments,Payments,Software,Transaction Processing
Founded date
Jan 1, 2014
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Fattmerchant Inc.
Also Known As
Fattmerchant

Stax is a provider of payment technology solutions for businesses across the United States. Their integrated, omnichannel technology supports retail and restaurant locations with physical terminal and POS integrations, an online business with shopping cart capabilities, professional services businesses with a robust online invoice and billing solution, and on-the-go businesses with a mobile application. In addition, their open API empowers developers to create custom payment experiences with all of the benefits of processing with Stax. Based in Orlando, Florida, Stax exists as a partner to small business owners to help improve their overall payments experience.

Their integrated payment platform, simple subscription-style pricing structure, and a team of friendly support specialists make payment processing something business owners can rely on, not feel intimidated by. Since its inception, Stax has powered more than $1 billion in transactions and is backed by the largest payment facilitator in the country - Vantiv. Stax exists as a partner to small business owners to help improve their overall payment experience. Their simple subscription-style pricing structure, a team of friendly support specialists, and valuable data insights make payment processing something business owners can rely on, not feel intimidated by. Stax supports over $1 billion in transactions and is backed by the largest payment facilitator in the country - Vantiv.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$263.25M
Stax has raised a total of $263.25M in funding over 2 rounds. Their latest funding was raised on Mar 8, 2022 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 8, 2022 Series D $245M 3 Detail
Jul 19, 2018 Series C $10.50M 1 Fulcrum Equity Partners Detail
Oct 24, 2017 Series B $5.50M 4 Fulcrum Equity Partners Detail
May 12, 2016 Series A $1.40M 6 venVelo Detail
Nov 4, 2015 Seed $850K 3 venVelo Detail

Employee Profiles

Number of Employee Profiles
16
Stax has 16 current employee profiles, including Board member Rob Wechsler
Board member
Executive
Executive
Board member
Board member

Acquisition

Stax has acquired 2 organizations. Their most recent acquisition was Fusebill on Mar 18, 2021. They acquired Fusebill for 0.

Date Company Name
Industry Acquisition Type Price
Mar 18, 2021 Fusebill
Accounting acquisition Detail
Nov 30, 2021 CardX
Financial Services acquisition Detail