Net Element Overview

  • Year Founded
  • 2004

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 62

Employees

  • 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

Formerly Known As
Tot Energy, Splinex Technology, Cazador Acquisition, Splinex Technology Inc.
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 3363 North East 163rd Street
  • Suite 705
  • North Miami Beach, FL 33160
  • United States
Primary Industry
Financial Software
Other Industries
Application Software
Vertical(s)
TMT, Mobile Commerce, Mobile
Corporate Office
  • 3363 North East 163rd Street
  • Suite 705
  • North Miami Beach, FL 33160
  • United States

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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
To view Net Element’s complete valuation and funding history, request access »

Net Element Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services
Financial Software
North Miami Beach, FL
62 As of 2020

Columbus, GA
 

North Shields, United Kingdom
 
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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
You’re viewing 5 of 58 competitors. Get the full list »

Net Element Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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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
To view Net Element’s complete investors history, request access »

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
You’re viewing 5 of 17 investments and acquisitions. Get the full list »

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.

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