BluePenguin Payments
Alpharetta, US · Florida corporation
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BluePenguin is a payables-as-a-service provider offering a B2B payment automation platform that replaces checks, ACH and wire transfers with virtual cards, integrating with common AP and ERP systems. It serves businesses of all sizes seeking to automate vendor payments, reduce costs and earn cash-back rebates.
Founders & leadership
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Steve BoyerCo-founder & Chief Executive OfficerSteve Boyer has worked in payments since the early 1980s, with experience across retail payments, payment automation, acquiring, issuing, prepaid, and supplier payments. He co-created a gift card platform later acquired by First Data, and is now Co-founder and CEO of BluePenguin Payments.
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Patrick McKayChief Revenue Officer
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Martin Barnett FriendNamed on SEC filing
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Nicholas Adam McDanielNamed on SEC filing
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Jacob Matthew SterlingNamed on SEC filing
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Robert Steven BoyerNamed on SEC filing
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John Paul ScariotNamed on SEC filing
Reported raises · per SEC filings
Form D private placements$3.2M disclosed across 1 round · 2022
▶$3.2MraisedJun 2022 · 2 investors · Other TechnologyRule 506(b)
▶$3.2MraisedJun 2022 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Martin Barnett FriendDirector
- Nicholas Adam McDanielDirector
- Jacob Matthew SterlingExecutive Officer
- Robert Steven BoyerExecutive Officer
- John Paul ScariotExecutive Officer
- Offering amount
- $3.2M
- Amount sold
- $3.2M
- Proceeds to insiders
- $215K
- First sale
- May 2022
- Incorporated
- Corporation, Florida
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 4
Bluefin Payment Systems, LLCBluefin provides security-first payment infrastructure, including technologies to protect payment card and sensitive data for retailers and enterprises. It focuses on securing payment processing and reducing data breach risk across payment systems.
BluevineBluevine is a financial technology platform offering banking services including checking accounts, payments, and lending products designed for small businesses. The company provides industry-leading technology and customer support to serve growing businesses underserved by traditional banks.
CardConnectCardConnect develops payment processing solutions with proprietary PCI-validated security for merchants and sales partners since 2006. The company provides payment infrastructure and support tools for businesses seeking to grow their payment operations.
BottomlineBottomline provides connected payment and cash management solutions for financial institutions and businesses globally, including AP automation, payouts, receivables automation, fraud detection, and digital banking capabilities. The company processes over $16 trillion in payments annually for nearly one million customers across 92 countries.
Companies working in the same space as BluePenguin Payments.
In the news
Frequently asked questions
- What does BluePenguin Payments do?
- BluePenguin is a payables-as-a-service provider offering a B2B payment automation platform that replaces checks, ACH and wire transfers with virtual cards, integrating with common AP and ERP systems. It serves businesses of all sizes seeking to automate vendor payments, reduce costs and earn cash-back rebates.
- Who founded BluePenguin Payments?
- BluePenguin Payments was founded by Steve Boyer.
- How much funding has BluePenguin Payments raised?
- BluePenguin Payments has disclosed $3.2M raised across 1 round.
- Where is BluePenguin Payments headquartered?
- BluePenguin Payments is headquartered in Alpharetta, US.




