What is Payment Service Network?
Established in 1999, Payment Service Network (PSN) serves as a critical infrastructure provider for electronic payment and billing services. The firm specializes in facilitating recurring transactions for high-volume sectors, including healthcare, property management, and municipal utilities. By integrating with over 90 software partners and supporting more than 5,400 business accounts, PSN has cultivated a comprehensive ecosystem that prioritizes secure, streamlined transaction processing. Its platform is engineered to enhance operational efficiency for clients while simultaneously improving the end-user experience through multi-channel payment flexibility.
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
A financial institution providing commercial banking solutions and strategic debt financing to support the growth of established enterprise-level technology firms.
What's next for Payment Service Network?
The infusion of capital from this late-stage financing round is expected to catalyze the next phase of the company's growth strategy. As PSN continues to scale, the focus will likely shift toward deepening its software integrations and enhancing its proprietary payment architecture to meet the evolving demands of digital-first billing environments. By leveraging its established market presence, the company is poised to capture additional share in the fragmented utility and municipal payment markets, further solidifying its role as a foundational player in the fintech infrastructure space.
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