Stax Payments: Orlando-Based Fintech Powering Electronic Transactions

Orlando-based Stax Payments has emerged as a transformative force in the fintech industry since its establishment in 2014 by founders Sal Rehmetullah and Suneera Madhani. With over 300 employees, half of whom are based in Orlando, Stax collaborates with software companies, sales organizations, and small-to-medium-sized businesses to provide specialized payment processing and recurring billing solutions. The company, considered a disrupter in the field, has processed approximately $30 billion in transactions through its systems, servicing over 30,000 businesses and software platforms in its first decade.

Stax, led by CEO Paulette Rowe since August 2023, focuses on enabling payment acceptance for small businesses, embedding payments into software solutions, particularly in field services, healthcare, and professional services. Stax's user-friendly interface and commitment to innovation have positioned it as a high-value innovator, with plans for continued growth through strategic acquisitions, including the recent purchase of Atlantic-Pacific Processing Systems. Rowe emphasizes Stax's pride in being one of Orlando's most successful fintech companies, attributing their success to a diverse pool of local talent, ranging from software experts to hospitality professionals, propelling Stax from a startup to a unicorn disruptor in the industry.

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