Pagos Solutions

Pagos Solutions

Optimizes global payment operations for businesses

About Pagos Solutions

Simplify's Rating
Why Pagos Solutions is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$44M

Headquarters

Wilmington, Delaware

Founded

2021

Overview

Pagos Solutions improves payment operations for businesses by providing tools for analytics, real-time monitoring, and actionable insights. Their main product, Canary Observability Monitoring, tracks payment data and alerts users to issues, allowing for quick responses to trends and outages. Unique to Pagos is their no-code integration, which enables businesses to consolidate data from various sources without needing technical expertise. The company's goal is to help clients increase transaction approvals and optimize their payment processes.

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Simplify's Take

What believers are saying

  • Growing demand for AI-powered payment tools boosts Pagos Copilot's market potential.
  • No-code solutions trend supports Pagos' data integration and harmonization services.
  • Increasing need for benchmarking tools aligns with Pagos' Flamingo Benchmark Data offering.

What critics are saying

  • Competition from Discover's tokenization platform may challenge Pagos' market position.
  • Rapid AI advancements could outpace Pagos' current offerings if innovation lags.
  • Economic pressures may lead to reduced spending on payment optimization tools.

What makes Pagos Solutions unique

  • Pagos offers no-code connections, simplifying data integration without extensive technical resources.
  • Their Flamingo Benchmark Data allows businesses to compare performance against industry standards.
  • Pagos Copilot provides AI-powered payment intelligence for real-time insights and strategic action plans.

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Funding

Total Funding

$44M

Above

Industry Average

Funded Over

2 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
The Paypers
May 16th, 2024
Pagos introduces new payment tool

Pagos introduces new payment tool.

IBS Intelligence
May 15th, 2024
Pagos unveils AI-based payments tool for commerce businesses

Pagos, a provider of payments optimization solutions, has launched Pagos Copilot, an AI-powered tool for instant payment intelligence.

Business Wire
May 14th, 2024
Pagos Introduces Copilot, An Ai-Powered Payments Tool To Benefit Commerce Businesses Of All Sizes

LOS ANGELES--(BUSINESS WIRE)--Pagos, a leading provider of payments optimization solutions, today announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. Commerce businesses of all sizes can benefit from the industry knowledge and streamlined payments analysis available via a simple conversation with Pagos Copilot."It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge, because you don’t necessarily know what you’re looking for,” said Klas Bäck, CEO and co-founder of Pagos. “We designed Pagos Copilot to bridge the knowledge gap and guide finance, product, and payments executives to build strategic action plans informed by real-time and historical payments data. We help them baseline their own performance quickly, and better understand what action to take and why to take it, and how it will positively impact their payment costs and performance. It’s like having an informed consultant in your chat app for planning and modeling."Pagos Copilot is designed with an intuitive interface to deliver comprehensive data intelligence in a digestible and understandable format. Whether it’s defining complex payments terms, explaining calculated payments metrics, finding opportunities to improve performance, or providing shortcuts to in-depth analytics, Pagos Copilot makes it possible to not only leverage payments data, but truly understand it

PR Newswire
Feb 28th, 2024
Pagos Unveils Dual Industry Breakthroughs: Payments Benchmarking Unified Payments Data Stream

No-code solutions make maximizing revenue and reducing costs for businesses a no-brainerLOS ANGELES, Feb. 28, 2024 /PRNewswire/ -- In just under three years, Pagos has built seven unique payments optimization services designed to help businesses see, monitor, and more effectively use their payments data. Two of those pioneering services—announced today—increase the value of a company's payment data through access to payments performance benchmarking and services for aggregating and harmonizing data streams into downloadable reports. These innovations are set to empower businesses with unparalleled insights and efficiency in managing and using their payments data.Benchmarking by Vertical and SegmentAnnouncing two payments industry firsts: payments benchmarking & a unified payments data stream Post thisFlamingo by Pagos revolutionizes payments benchmarking with a historic leap forward! For the first time ever, businesses can unlock the power of their own payments data to identify and prioritize which opportunities will improve performance. Each business' metrics, segmented around the way they operate, can be compared with Pagos' unparalleled payments data benchmarks, built with billions of transaction data points and card network data feeds. This offers an extraordinary lens through which to view their performance against key industry metrics

PYMNTS
Oct 12th, 2023
Discover Global Network Launches Cloud-Based Network Tokenization Platform

Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. This platform aims to offer companies a scalable and flexible token solution to enhance the security and efficiency of their payment processes, the company said in a Thursday (Oct. 12) press release. By integrating stored payment tokens as part of the payment experience, merchants and customers can get a seamless and secure transaction process. The network tokenization platform, an extension of Discover Stored Payment Tokens, is designed to cater to the evolving payment ecosystem, according to the release. Discover partners can now deploy this solution at scale with their merchants

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