8 Universal Payment Gateway Development Business Success Stories [2024]

Pat Walls

•

Updated: November 19th, 2023

Start An Universal Payment Gateway Development Business

Here are some real life success stories of starting a universal payment gateway development business:

1. shurjoPay ($24M/year)

Fida Haq, the MD and CEO of shurjoPay, came up with the idea for the online payment gateway in 2009 while managing an ATM network in Bangladesh. Recognizing the challenges faced by the e-Commerce sector in the absence of a local payment gateway, Haq decided to create shurjoPay to facilitate online payment collection for merchants. Since its launch, shurjoPay has become a key player in the industry, averaging a transactional volume of $1.5 million per month with over 600 merchants onboarded.

How much they make: $24M/year
Current team size: 150

How We Developed A $1.5M/Month Online Payment Gateaway

Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.

About

Fida started shurjoPay over 13 years ago

Revenue

Fida grew the business to $2M/month

Read this case study

Read by 5,895 founders

2. Akurateco ($1.2M/year)

The founder, Vladimir Kuiantsev, came up with the idea for Akurateco after realizing that global merchants needed a more advanced and flexible tool to manage their payment processes. With over 15 years of experience in the payment processing industry, he and his team developed a white-label payment orchestration platform that provides maximum flexibility and accommodates the needs of online merchants to grow fast without significant investment. Since its launch in 2020, they have seen exponential growth in transactions and aim to achieve a capitalization of $100+ million in the next 5-7 years.

How much they make: $1.2M/year
How much did it cost to start: $600K
Current team size: 45

How We Bootstrapped A $1.2M/Year White-Label Payment SaaS

Akurateco, a Netherlands-based payment software provider for fintech companies, bootstrapped their white-label payment SaaS to reach 1 million transactions, receiving recurring payments from 20+ clients every month with an average of €5,000 per client, and they plan to break even by Q2 2022 and achieve a capitalization of $100+ million in the next 5-7 years.

About

Vladimir started Akurateco over 3 years ago

Revenue

Vladimir grew the business to $100K/month

Costs

It cost Vladimir $600000 to start the business

Read this case study

Read by 4,764 founders

So... can you actually make money with a universal payment gateway development business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

Part of

Starting An Universal Payment Gateway Development Business: Everything You Need To Know

‹

›

5. PayTabs

A revolutionary highly-trusted payment gateway service that allows merchants to accept online payments securely & safely.

Where they're located: Riyadh Saudi Arabia
How much did it cost to start: $2M
Current team size: 157

So... can you actually make money with a universal payment gateway development business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Xendit

Xendit is the best and most secure payment gateway in Indonesia, helping your business receive and send payments via various payment methods.

8. SWIFT

SWIFT - The global provider of secure financial messaging services

Where they're located: Newport News, Virginia, USA
Website traffic: 730K/month