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PayStream

Embedded payments for SaaS platforms

FinTechSeries B$100M - $500M
Final Score
80
Tier 2: High Growth / Low Moat

Negotiate valuation

Investment Decision

Tier 2: High Growth / Low Moat

Likely burn-heavy with stiff competition

Recommended Action

Negotiate valuation

Headquarters

Austin, TX

Founded

2020

Employees

100-150

About

PayStream enables SaaS platforms to embed fully compliant payment infrastructure in days, not months. Our turnkey solution handles everything from payment processing to compliance and reconciliation.

Weighted Scoring Breakdown
Execution Power

Weight: 30%

80.0

Founder-Market Fit + Revenue Velocity

Capital Efficiency

Weight: 30%

80.0

Burn Multiple + LTV/CAC

Durable Moat

Weight: 25%

80.0

Proprietary Data + Integration Depth

Growth Potential

Weight: 15%

80.0

NRR + K-Factor

Evaluation Metrics (1-100 Scale)
Founder-Market FitTarget: 10+ yrs domain + serial exit

10 yrs domain exp

Revenue VelocityTarget: >200% YoY Growth

140% YoY ARR Growth

Burn MultipleTarget: <1.0x

1.13x (Net Burn / Net New ARR)

LTV/CAC RatioTarget: >5x

6.3x ($95K / $15.0K)

Proprietary DataTarget: >80%

45% private data

Integration DepthTarget: >5 active hooks

12.3 avg APIs per user

Net Revenue RetentionTarget: >120%

128% NRR

K-FactorTarget: >1.0

1.08 (2.4 invites x 45% conv)

Key Employees
AR

Alex Rivera

CEO & Founder

Former Stripe, built Stripe Connect

PS

Priya Sharma

CTO

Former Square, architected Cash App payments

TB

Tom Bradley

CFO

Former Goldman Sachs, fintech specialist

Financial Metrics

Revenue (ARR)

$28M ARR

+140% YoY

Gross Margin

68%

Burn Rate

$1.5M/month

Runway

22 months

LTV

$95,000

CAC

$15,000

Investment Details
Total Raised$72M
Last Round$50M Series B
Last Round DateJuly 2024
Target Raise$100M Series C
Minimum Investment$250,000

Lead Investors

Ribbit CapitalQED Investors
Key Highlights
  • Processing $2.5B+ in annual transaction volume
  • 200+ SaaS platforms integrated
  • 99.99% uptime with enterprise-grade security
  • SOC 2 Type II and PCI DSS Level 1 compliant
Risk Factors
  • Competitive pressure from Stripe and Adyen
  • Regulatory changes in payment processing
  • Margin compression in payments industry