pmtbox, an enterprise commerce platform built to unify payments, risk, and data for merchants, today announced $15 million in seed funding. It was led by Tandem Ventures, with participation from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard, founder and CEO of Pluralsight.
For years, merchants have been forced to operate across a fragmented web of vendors, tools, and siloed data streams, with no single point of accountability. This patchwork infrastructure drives up costs, complicates risk controls, and prevents operators from fully leveraging their own data. pmtbox was built to eliminate that fragmentation and put control back in the hands of the merchant.
“Commerce has advanced, but the infrastructure behind it is still fragmented, expensive, and misaligned with the needs of merchants,” said Wayne Hamilton, CEO and co-founder of pmtbox. “The industry built around point solutions that solve individual problems, but collectively they created complexity, siloed data, and a lack of accountability.
“We believe merchants should own their data and fully understand their economics. pmtbox unifies payments, risk, and data into a single commerce layer, giving operators the control and leverage they’ve been missing.”
Ultimately, this gives merchants total control over their data, reducing the true cost of payments. While lowering implicit payment fees is an important first step, the highest costs are hidden deeper within the business. By unifying the commerce stack, pmtbox allows operators to tackle these larger expenses head-on: preventing fraud, minimizing chargebacks, eliminating manual dispute resolution, and ensuring customer acquisition dollars actually convert at checkout.
The funding will be used to expand pmtbox’s engineering, risk and enterprise teams while accelerating enterprise go-to-market efforts across verticals where commerce complexity is highest. In addition to the capital milestone, Alex Bean joins the pmtbox board of directors, and Nick Thomas, founder of Finicity, also joins as an independent director. These additions bring two of Utah’s most successful fintech founders to help guide pmtbox’s next phase of growth.
