Harbor Payments

About Harbor Payments

Harbor Payments, founded in 2000 and headquartered in Atlanta, GA, established itself as a provider of enterprise-level invoice, billing, and payment management solutions before its acquisition by American Express on December 31, 2006, for $150M. Prior to its acquisition, the company operated as a venture-capital-backed entity, securing $40M in a Series C funding round on September 12, 2005, with investors including Oak Investment Partners, Ellis Capital, and First Data.

The company's core business revolved around a suite of software-as-a-service (SaaS) products designed to streamline financial workflows for large enterprises. Its flagship offerings included Payment Harbor, a web-based platform for managing diverse disbursement activities and payment systems, and Invoice Harbor, which managed the entire lifecycle of invoice receipt, handling, and payment processing. Additionally, the company offered Billing Harbor, an electronic bill presentment and payment (EBPP) solution that enabled clients' customers to view and pay bills online, as well as schedule recurring or automatic payments. In a strategic move to broaden its capabilities, Harbor Payments acquired the electronic invoice presentment and payment (EIPP) business, Velosant, from eOne Global in July 2004, a deal that further integrated its collection and disbursement functions.

Operating in the financial software and vertical market software industries, Harbor Payments provided its solutions to enterprise clients, generating revenue through its specialized platforms. The business model focused on offering comprehensive, web-based tools that centralized and simplified complex B2B payment and invoicing processes. Following its acquisition, Harbor Payments was integrated into American Express, ceasing operations as an independent entity.