What is Payment Service Network?
Founded in 1999, Payment Service Network (PSN) specializes in streamlining electronic payment and billing processes for a diverse range of sectors, including utilities, municipal services, property management, and healthcare. PSN's core offering is a customizable platform designed to enhance customer service and operational efficiency by simplifying recurring payments. The company boasts over 5,400 business accounts and maintains integrations with more than 90 software providers, creating a robust ecosystem for comprehensive electronic payment processing. Their services are engineered for security and efficiency, consolidating transactions across multiple channels for simplified management.
How much funding has Payment Service Network raised?
Payment Service Network has raised a total of $130K across 1 funding round:
Debt
$130K
Debt (2025): $130K with participation from BayFirst National Bank
Key Investors in Payment Service Network
BayFirst National Bank
BayFirst National Bank is a financial institution that likely provides debt financing and banking services, supporting the capital needs of established businesses.
What's next for Payment Service Network?
The substantial capital infusion, characterized as a large-scale late-stage funding and a major strategic investment, positions Payment Service Network for accelerated expansion and further development of its payment and billing solutions. This financial backing is likely to fuel initiatives aimed at enhancing platform capabilities, expanding market reach, and potentially exploring new industry verticals. As PSN continues to solidify its role as a key player in the electronic payment processing landscape, this investment signals a commitment to sustained growth and innovation, reinforcing its competitive advantage in a dynamic market.
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