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Payzer Company Overview
Payzer, Inc., based in Charlotte, North Carolina, is a fintech company that operates a mobile-first, cloud-driven financial platform designed for field-based service businesses. Founded in 2012, it provides contractors—such as HVAC, plumbing, roofing, and electrical professionals—with integrated tools for accepting payments, offering financing, managing invoices, and issuing employee purchasing cards. The Payzer mobile app enables users to accept credit, debit, and electronic checks, set up recurring payment plans, track real-time transactions, and manage accounts securely through its virtual vault. The platform also includes Payzer Debit Accounts that allow employers to issue Visa purchasing cards to technicians, enabling controlled spending and real-time balance visibility. Payzer operates as an Independent Sales Organization (ISO) under Wells Fargo Bank, and it has raised over $48 million across multiple funding rounds. In late 2023, Payzer was acquired by WEX Inc., becoming part of the WEX family while continuing to provide its software and payment capabilities to contractors nationwide.