Planet Payment
Founded Year
1985Stage
Secondary Market | AliveRevenue
$0000About Planet Payment
Planet Payment specializes in tax-free shopping services and (Value Added Tax) VAT refund solutions within the retail and hospitality sectors. The company offers a VAT refund service for international shoppers and provides businesses with end-to-end payment solutions and tax-free refund processes. Planet Payment was formerly known as Fintrax. It was founded in 1985 and is based in Galway, Ireland.
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Expert Collections containing Planet Payment
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Planet Payment is included in 1 Expert Collection, including Fintech.
Fintech
13,396 items
Excludes US-based companies
Latest Planet Payment News
Mar 28, 2024
Exponent Private Equity (“Exponent”) announces that it has reached an agreement to sell Fintrax Group to Eurazeo, a leading listed European investment company, for €585m (of which €35m is payable as deferred consideration). This will result in an up to 4.0x money multiple for its £805m second fund. Fintrax is a leading global provider of tax free shopping and dynamic currency conversion services. Its customers are many of the world’s leading luxury retailers and the business has benefitted from the global growth in tourism and luxury shopping. During its ownership Exponent has strengthened the management team, invested in the business’ market leading technology and expanded into new geographic markets. This has resulted in the EBITDA increasing by more than 250%. Mark Taylor, partner at Exponent said: “A lot has been achieved over the three years we have owned Fintrax. During this time we have worked hard alongside management to strengthen the company’s leading market position and grow revenues and profits. We have already begun to see the benefits of our investment into technology, particularly card recognition and mobile, as well as the decision to expand Fintrax into new territories in Northern Europe. I am confident that the business, under new owners Eurazeo and the exceptional management team, will continue on this path of success.” Patrick Waldron, CEO of Fintrax Group, said: “The management team and I have enjoyed a fantastic journey with Exponent and together we have developed Fintrax into a leading global payments business. We are now genuinely delighted to be continuing this journey with Eurazeo, who absolutely share our belief in the business and its growth potential.” Footer
Planet Payment Frequently Asked Questions (FAQ)
When was Planet Payment founded?
Planet Payment was founded in 1985.
Where is Planet Payment's headquarters?
Planet Payment's headquarters is located at Tully Business Park, Galway.
What is Planet Payment's latest funding round?
Planet Payment's latest funding round is Secondary Market.
Who are the investors of Planet Payment?
Investors of Planet Payment include Advent International, Eurazeo and Exponent.
Who are Planet Payment's competitors?
Competitors of Planet Payment include Stripe, Worldpay, Ingenica, Checkout.com, Payoneer and 7 more.
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Compare Planet Payment to Competitors
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
Priority Payment Solutions focuses on providing integrated payments and banking solutions within the financial services industry. The company offers a scalable native platform for payment processing, accounts payable automation, and a suite of services for merchants, financial institutions, and other business sectors. Priority Payment Solutions primarily serves sectors such as merchant services, financial wellness, and property management. It was founded in 2005 and is based in Alpharetta, Georgia.
FlexM is a company that focuses on providing Fintech as a Service (FaaS) in the financial technology industry. The company offers a range of services including digital banking, payment solutions, and regulatory compliance management systems, all designed to provide modern and digital alternatives to traditional banking and payment methods. It primarily serves sectors such as banks, fintechs, money service businesses, start-ups, and marketplaces. It was founded in 2014 and is based in Singapore.
InComm Payments specializes in innovative payment technology solutions. The company offers a range of products including frictionless payment options, alternative payment methods like cryptocurrency, and management services for healthcare benefits. InComm Payments primarily serves sectors such as retail, healthcare, and e-commerce with its technology. It was founded in 1992 and is based in Atlanta, Georgia.
Checkbook specializes in digital payment processing within the financial technology sector. The company provides a platform for sending and receiving payments, including ACH transactions, real-time payments, and the issuance of digital and mailed checks. Checkbook's solutions cater to various sectors, including the e-commerce industry, real estate tech industry, and cloud computing industry. It was founded in 2015 and is based in San Mateo, California.
Worldpay provides electronic payment processing services to merchants and financial institutions. It offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management for national merchants, and regional and small-to-medium-sized businesses. The company was founded in 1993 and is based in London, United Kingdom.
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