Net Element Overview
- Year Founded
-
2004

- Status
-
Acquired/Merged
- Employees
-
62

- Latest Deal Type
-
M&A
- Investors
-
1
Net Element General Information
Description
Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment.
Contact Information
Website
www.netelement.comCorporate Office
- 3363 North East 163rd Street
- Suite 705
- North Miami Beach, FL 33160
- United States
Corporate Office
- 3363 North East 163rd Street
- Suite 705
- North Miami Beach, FL 33160
- United States
Net Element Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
9. Merger/Acquisition | 05-Nov-2021 | Completed | Generating Revenue | |||
8. Debt - PPP | 30-Apr-2020 | Completed | Generating Revenue | |||
7. PIPE | 02-Jan-2018 | Completed | Profitable | |||
6. PIPE | 05-Jul-2017 | Completed | Profitable | |||
5. PIPE | 16-Sep-2015 | Completed | Generating Revenue | |||
4. PIPE | 17-Oct-2014 | Completed | Generating Revenue | |||
3. Reverse Merger | 02-Oct-2012 | Completed | Generating Revenue | |||
2. Later Stage VC | 07-Mar-2012 | $2M | $34M | Completed | Generating Revenue | |
1. Early Stage VC | $32M | $32M | Completed | Generating Revenue |
Net Element Comparisons
Industry
Financing
Details
Net Element Competitors (58)
One of Net Element’s 58 competitors is Total System Services, a Corporate Backed or Acquired company based in Columbus, GA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Total System Services | Corporate Backed or Acquired | Columbus, GA | ||||
Emerchantpay | Corporation | North Shields, United Kingdom | ||||
PayPal Holdings | Formerly VC-backed | San Jose, CA | ||||
Ncr Voyix | Corporation | Atlanta, GA | ||||
Temenos Headquarters | Formerly PE-Backed | Geneva, Switzerland |
Net Element Signals
Net Element Former Investors (4)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Cazador Acquisition | Special Purpose Acquisition Company (SPAC) | Minority | ||
Cobblestone Capital Advisors | Asset Manager | Minority | ||
Kenges Rakishev | Angel (individual) | Minority | ||
Singulariteam | Venture Capital | Minority |
Net Element Investments & Acquisitions (17)
Net Element’s most recent deal was a Reverse Merger with Mullen Automotive. The deal was made on 09-Nov-2021.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
Mullen Automotive | 09-Nov-2021 | Reverse Merger | Automotive | ||
Argus Merchant Services (Transactional Services Portfolio (cash flow) Assets) | 26-Dec-2018 | Corporate Asset Purchase | Buildings and Property | ||
Payment Processing Center (Bank Sputnik / Net Element) | 02-Oct-2018 | Joint Venture | Other Financial Services | ||
Universal Payment Systems (Transactional Services Assets) | 30-Jul-2018 | Corporate Asset Purchase | Buildings and Property | ||
Paystar | 21-Jul-2016 | Merger/Acquisition | Financial Software |
Affiliates
Subsidiaries (3)
Name | Industry | Location | Year Founded |
---|---|---|---|
PayOnline System | Moscow, Russia | 2008 | |
Paystar | Las Vegas, NV | 2006 | |
Motorsport.com | Miami, FL | 1994 |
Net Element FAQs
-
When was Net Element founded?
Net Element was founded in 2004.
-
Where is Net Element headquartered?
Net Element is headquartered in North Miami Beach, FL.
-
What is the size of Net Element?
Net Element has 62 total employees.
-
What industry is Net Element in?
Net Element’s primary industry is Financial Software.
-
Is Net Element a private or public company?
Net Element is a Private company.
-
What is Net Element’s current revenue?
The current revenue for Net Element is
. -
How much funding has Net Element raised over time?
Net Element has raised $103M.
-
Who are Net Element’s investors?
Cazador Acquisition, Cobblestone Capital Advisors, Kenges Rakishev, and Singulariteam have invested in Net Element.
-
Who are Net Element’s competitors?
Total System Services, Emerchantpay, PayPal Holdings, Ncr Voyix, and Temenos Headquarters are some of the 58 competitors of Net Element.
-
When was Net Element acquired?
Net Element was acquired on 05-Nov-2021.
-
Who acquired Net Element?
Net Element was acquired by Mullen Automotive.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »