PAYSTEPS

Paysteps is founded by Jeff Ehney, a pioneer of the prepaid Visa card. The team is complemented by Axel Rivera, a banking professional, and four other payment professionals.They are supported by an outsourced FinTech software team and several seasoned advisors.  Learn more about the team and advisors at www.paysteps.com/team.  Together with our industry-leading partners and proprietary FinTech platform, we deliver world-class services.  Our configurable eWallet can be used for anything from crew pay to agent commissions, employee rewards, customer incentives, and rebates.

Paysteps’ payment transactions are fully-compliant and powered by Corpay, a service of FleetCor Technologies, Inc.  Corpay sends more than $80 billion in annual payments across the globe.  FleetCor (NYSE: FLT) is an S&P 500 Company and 2020 Payment Provider of the Year (Global Payroll Association).

Paysteps’ target is $12 million in EBITDA on $230 million in loads within 5yrs. This is a great return on the movement of funds and is enhanced by our proprietary reward claims platform where we earn up to 20% per program.  There is also the potential to grow these numbers significantly larger with expansion to support peer-to-peer transactions, full payroll, or integration with crypto exchanges and gig platforms.

Paysteps’ first test client was Under Armour who delivered a rebate to 7,000 European customers.  It then did an employee incentive for Ciena Communications and supported an SAT survey reward for 2,000 student in 55 countries on behalf of College Board (www.collegeboard.org).  Most recently Paysteps has engaged a Bahamian micro lender for whom it will process $30 million in annual loans.  Our Competitors include Paypal’s Hyperwallet (www.hyperwallet.com), Tipalti (www.tipalti.com provides payments to Roblox), and Payfare (provides payments to Uber & Lyft & Doordash), Payoneer (www.payoneer.com), Thunes (www.thunes.com), Wise (www.wise.com) which has a partnership with ADP, and traditional bank treasury management services.  We differentiate ourselves by offering delivering both Pay & Reward orders, supported by a simple to use interface that allows order and fee configuration depending on user needs.

Paysteps seeks $1,250,000 for 20% of the company at a $6.25 million valuation.

Please follow the link to our investor and company presentations, and contact me at 314-324-3866 with any questions:

Download our Investor presentation. Click Here>
Download the Pro Forma Click Here>
Download our Client presentation Click Here>

For more information contact:

Jeff Ehney
CEO
PaySteps

jeff@jeffehney.com
Calls | Text | WhatsApp
+1-314-324-3866