DENVER, CO – Capstone Partners advised Payvment on its sale to Intuit. Terms of the transaction were not disclosed.
For more information about this transaction, click here.
About Payvment, Inc.
Payvment was founded in 2009 and is based in Palo Alto, California and operates Payvment, a Facebook e-commerce platform that develops and builds APIs. Its APIs are used to enable an app to receive notifications of Facebook stores orders, as well as to build support for managing a merchant’s order history and product inventory. The company’s APIs are also used by businesses looking to offer services that connect to a Facebook store, such as order fulfillment, digital media delivery services, or merchant product/order management systems. In addition, its APIs enable to create and launch storefronts for selling products on social networking sites, such as Facebook; utilize the company’s roaming shopping cart technology, which allows users to shop at various online stores and websites, as well as add products from such merchants into a single shopping cart; and checkout the purchase of each item in the shopping cart from the various Websites in a single transaction.
Intuit has driven its expansion strategy from out-of-the-box software to connected services with almost 65 percent of revenue and a five-year SaaS compound annual growth rate of 27 percent. We started small in 1983 with Quicken personal finance software. Now in our third decade, our revenue tops $4 billion, and Intuit is recognized as one of America’s most-admired software company with a full suite of customer-driven innovations. And, you’ll discover an award-winning culture and entrepreneurial atmosphere, as we strive to be a “Best Employer” year-over-year.