The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed May 10, 2022. Its latest SEC filing is a 15-12G from May 23, 2022.
10-Q for Q3 FY2022, filed May 10, 2022
The sections below describe the company as of the FY2021 annual report.
Sells payment and banking software, plus legal-spend and fraud tools, to corporations, financial institutions and insurers.
10-K for FY2021, filed Aug 30, 2021We help make complex business payments simple, smart and secure. We provide solutions that help accelerate the digital transformation of…View ↗
We operate payment platforms that facilitate electronic payment and transaction settlement between businesses and their vendors. Corporate…View ↗
Our legal spend management solutions integrate with claims management and time and billing systems to automate legal invoice management…View ↗
Our fraud and financial crime solutions non-invasively monitor, replay and analyze user behavior and payment transactions to flag and…View ↗
Customers pay fixed fees over the subscription term for hosted software, with some charges based on processing or usage; perpetual licenses are one-time purchases, while support and maintenance payments span the support period.
10-K for FY2021, filed Aug 30, 2021Subscriptions: We generate subscription revenue through the provision of SaaS solutions which can include contractually fixed revenue…View ↗
Software Licenses: Software licenses revenue reflects fees we charge to license software on a perpetual basis. For software licenses that…View ↗
Support and Maintenance: Our software licenses are generally sold with post-contract support which is comprised of technical support and…View ↗
$471.4M
10-K for FY2021, filed Aug 30, 2021
$471.4M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscriptions
Mix
10-K for FY2021, filed Aug 30, 2021 |
82%
FY2018: 67%
|
Subscriptions, FY2021
$384.7M Sources
|
Mix |
|
Software licenses
Sold outright
|
1.1%
FY2018: 2.6%
|
Software licenses, FY2021
$5.1M Sources
|
Sold outright |
|
Service and maintenance
Recurring
10-K for FY2021, filed Aug 30, 2021 |
17%
FY2018: 29%
|
Service and maintenance, FY2021
$79.3M Sources
|
Recurring |
|
Other
Sold outright
|
0.5%
FY2018: 1.7%
|
Other, FY2021
$2.3M Sources
|
Sold outright |
Corporations can buy payment tools directly or through financial institutions that resell Paymode-X; banks use banking and payment software. Insurers, claims administrators and self-insured organizations use legal-spend tools.
10-K for FY2021, filed Aug 30, 2021Paymode-X is a SaaS solution that helps over 450,000 businesses pay and get paid. Our Paymode-X solution allows businesses to easily…View ↗
We enable banks of all sizes to offer their customers a host of capabilities including ACH and BACS payments, wires, international…View ↗
Our legal spend management solutions integrate with claims management and time and billing systems to automate legal invoice management…View ↗
No. It lost $16.3M in FY2021.
10-K for FY2021, filed Aug 30, 2021
10-Q for Q3 FY2022, filed May 10, 2022
−$7.5MView ↗
10-Q for Q3 FY2022, filed May 10, 2022
Open tableView ↗
8-K, filed May 13, 2022
As of the effective time of the Merger (the “Effective Time”), each share of common stock, par value $0.001 per share, of the Company…View ↗
Grew. Revenue grew 35% in 4 years, from $349.4M in FY2017 to $471.4M in FY2021, about 8% a year.
Hosted banking software
The older report describes both cloud and on-premise banking solutions; the latest says banking products are sold predominantly on a hosted basis.
10-K for FY2018, filed Aug 29, 2018 10-K for FY2021, filed Aug 30, 2021We operate cloud-based settlement networks that facilitate electronic payments and transaction settlement between businesses, their vendors…View ↗
Banking Solutions. Our Banking Solutions segment provides solutions that are specifically designed for banking and financial institution…View ↗
Competes with AccessPay, AvidXchange, Commerce Bank, CSI Enterprises, Finastra, Form 3, Go Cardless, JPMorgan Chase, Kyriba, MineralTree, SWIFT, Tipalti, Wells Fargo, ACI Worldwide, FIS, Fiserv, MeridianLink, NCR, Polaris, and Q2
10-K for FY2021, filed Aug 30, 2021For our payment platforms, our principal competitors include AccessPay, AvidXchange, Commerce Bank, CSI Enterprises, Finastra, Form 3, Go…View ↗
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