hyperWALLET Systems
Growing organizations with a frictionless, transparent, and reliable way to send payments almost anywhere in the world.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | $400m | Acquisition | |
| Total Funding | 000k | ||
| GBP | 2016 | 2017 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| % EBITDA margin | - | 2 % |
| Profit | 0000 | 0000 |
| % profit margin | - | 3 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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hyperWALLET Systems Inc., founded in 2000 by Lisa Shields, embarked on a mission to streamline global payout processes. Shields, who served as the company's CEO, brought a background in technology and a vision for simplifying complex financial infrastructures. The company established itself as a global payment platform designed to enable businesses to distribute funds across the globe efficiently.
The core of Hyperwallet's business revolves around providing a comprehensive payout platform for organizations that need to pay global contractors, suppliers, and resellers. Its clientele includes businesses in the gig economy, marketplace, and e-commerce sectors. The business model is primarily based on a Software-as-a-Service (SaaS) offering and REST API integrations, providing a flexible framework for clients to manage their payout needs. Revenue is generated through fees associated with transactions and other platform services.
Hyperwallet's platform unifies a fragmented financial landscape into a single, cohesive environment. It offers localized, multi-currency payment distribution to a vast number of countries worldwide. The service includes a range of payout options such as bank deposits, prepaid cards, and transfers to digital wallets, ensuring payees can receive funds conveniently and affordably. Key features of the platform include robust systems for monitoring, maintenance management, payee support tools, and built-in Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance functionalities. A significant milestone in the company's history was its acquisition by PayPal in November 2018 for $400 million, a move that integrated Hyperwallet's advanced payout capabilities into PayPal's broader suite of services for its merchant customers.
Keywords: global payouts, payment platform, cross-border payments, fintech, mass payments, API integration, SaaS, gig economy payments, multi-currency, digital wallets