9 Payment App Success Stories [2022]

9 Payment App Success Stories [2022]
Start A Payment App

A payment app lets you accept payments from anyone, anywhere, using just your mobile phone or tablet. It's best for business owners and professionals to accept payments for products or services on an occasional or irregular basis.

Starting a payment app is an excellent way of making passive income online. It doesn't require much in the beginning and the revenue can be significant.

Payment apps are quite popular nowadays, giving people the ability to pay for goods and services with the tap of a button on their phones. Creating a new payment app can help you capture a share of this growing industry and virtually endless niche for your business.

Here are some real life success stories of starting a payment app:

1. Payment for Stripe ($720K/year)

Ryan Scherf (from Minneapolis, Minnesota, USA) started Payment for Stripe almost 8 years ago.

Revenue
$60K / month
Team
1 founders / 1 employees
Location
Minneapolis, Minnesota, USA

Case Study

I’m Ryan Scherf, the founder of payment.co (@payment), an app built on top of the Stripe payment gateway for creating card-present charges. Payment is available on iOS and Android, and allows customers who have created online stores to easily collect payments in person, in the same account, with no barriers or card readers required.

The app launched in January 2015, and since has grown to process over $70M in volume annually. The app collects a 1% service fee on every single charge.

how-i-created-a-60k-month-app-that-collects-in-person-payments-through-stripe

2. HoneyCoin ($12K/year)

David Nandwa (from Nairobi) started HoneyCoin about 1 year ago.

Revenue
$1K / month
Team
1 founders / 0 employees

Case Study

Hi! My name is David Nandwa & I’m the Founder & CTO of HoneyCoin. We help creators and internet businesses monetize their audiences & Gen Z and Millenials manage their cash & crypto all in one place. Whether you’re crowdfunding for something you believe in, studying abroad and receiving money from your parents, spending online on your favorite stores, or joining the current Bitcoin hype train, you can do it all with HoneyCoin and more.

Our main offering is monetization & remittance features that allow users to send, receive, spend, & manage FIAT currency (KES, NGN, USD, UGX, etc.) as well as Cryptocurrencies such as (BTC, ETH, USDT, and more).

building-a-payments-application-for-african-creators-and-gen-z

3. shurjoPay ($24M/year)

Fida haq (from Dhaka, Bangladesh) started shurjoPay over 12 years ago.

Revenue
$2M / month
Team
2 founders / 150 employees

Case Study

Hi! This is Fida Haq and I am the MD and CEO of shurjoPay since its inception in 2010.

During Q1 of 2021, shurjoPay is averaging a transactional volume of USD 1.5M per month with the total number of merchants exceeding 600. We believe shurjoPay's impact in bringing about a change in the country’s online payment collection system has been transformational.

how-we-developed-a-1-5m-month-online-payment-gateaway

4. TenantCloud ($12M/year)

Joe Edgar (from Austin, TX, USA) started TenantCloud about 8 years ago.

Revenue
$1M / month
Team
1 founders / 130 employees

Case Study

I founded TenantCloud as a way to help landlords manage their rental properties and assist with finding tenants. There are over 15 million DIY landlords in the U.S. and they own 21 million rentals and house 60 million tenants.

Our first revenue was in 2018 and currently, we are on track to do near $15 million at the end of 2021.

we-launched-a-12m-year-property-management-saas-for-landlords-tenants

5. Akurateco ($1.2M/year)

Vladimir Kuiantsev (from Amsterdam, Netherlands) started Akurateco about 2 years ago.

Revenue
$100K / month
Team
3 founders / 45 employees

Case Study

My name is Vladimir Kuiantsev. I’m a Managing Partner of the Netherlands-based company Akurateco, a payment software provider for fintech companies. A payment orchestration platform, or white-label payment gateway, is a cloud platform for two main categories of entrepreneurs:

Our headquarters is located in Amsterdam, with two regional offices in Tel Aviv and Lisbon, and a Research & Development office in Kyiv.

how-we-bootstrapped-a-1-2m-year-white-label-payment-saas

6. Factofly ($1.8M/year)

Jannik Flor Borg (from Copenhagen, Denmark) started Factofly about 2 years ago.

Revenue
$150K / month
Team
3 founders / 4 employees

Case Study

My name is Jannik and I am the co-founder and CEO of FactoFly. FactoFly is helping freelancers, side-hustlers, and gig workers to lead administration-free lives by taking care of everything related to their business in terms of admin.

Over the last twelve months, we’ve grown the business from 0 to around €130k monthly revenue.

this-admin-tool-for-freelancers-now-generates-1-8m-year-denmark

7. Modelnet ($1.2M/year)

Dmitriy Alentev (from Jackson, WY, USA) started Modelnet about 21 years ago.

Revenue
$100K / month
Team
2 founders / 50 employees

Case Study

Hello, my name is Dmitry Alentyev and I am the founder and CEO of Scrile, a software development company that focuses on B2B IT products for business. At Scrile we help our clients to create new IT startups 10 times faster than people usually can do traditionally.

Our market is quite narrow but we are accelerating and expanding into new markets and niches where our products can be used. The total earnings were quite stable annually, and in 2021 we did $1.5M in sales, while the margin is quite good, on average 40-50%.

reflecting-on-20-years-of-developing-video-streaming-solutions-1-2m-year

8. Paddle ($55M/year)

Christian Owens (from Remote) started Paddle ago.

Revenue
$4.58M / month

Case Study

9. Fatura Simples ($324K/year)

Subscribe: https://www.youtube.com/c/NathanLatkawatchFatura Simples CEO Felipe Bagetti: Recurring billing automation for businesses growth... Visit them: www...

Felipe Bagetti (from Recife, Pernambuco, Brazil) started Fatura Simples almost 5 years ago.

Revenue
$27K / month
Team
1 founders / 23 employees

Case Study
  • Felipe Bagetti is the founder of Fatura Simples by Tenex, a Brazilian platform for automating recurring billing.

  • Fatura Simples by Tenex integrates Financial Management, issuance of slips, and electronic invoices.

  • This platform also automates sales processes and ensures proper management of contracts.

  • Fatura Simples generates revenue by charging a commission on transaction fees.

  • Since its launch in 2018, this company has expanded to a 23-person team and raised $250K in funding.

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