PAX Technology is a private payment-terminal company that provides secure POS and SmartPOS solutions for merchants. It operates globally and is described as a leading provider of payment terminal technology.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$1.7B
Series C, Apr 2019, Perplexity
UpMarket Estimate
$1.4B
Based on UpMarket valuation model
How to Invest in Pax Through UpMarket
Pax shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Pax offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Apr 2019
Series C
$1.7B
Why Investors Are Watching Pax
Growth Signal
Pax8 says revenue grew 371% over a three-year stretch
Pax8 said its revenue grew 371% and the company was ranked on the 2024 Deloitte Technology Fast 500 for a third consecutive year. The company credited the gain to channel expansion and anticipating partner needs.
Competitive Moat
Pax8's partner-led channel model supports repeatable scale
Pax8 said its growth came from channel expansion, which implies a partner distribution model rather than pure direct sales. The company highlighted an ability to anticipate partners' needs, a sign of product-market fit in its channel ecosystem.
Market Opportunity
Pax8 keeps landing on Deloitte's Fast 500 list again
Pax8 was ranked among North America's fastest-growing companies for a third straight year on Deloitte's 2024 Technology Fast 500 list. Repeated ranking suggests it is still operating in a large, expanding software distribution and cloud services market.
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No. As of March 2026, Pax is a private company and does not trade on any public stock exchange. Accredited investors can access Pax shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Pax does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Pax shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Pax shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
PAX Technology provides secure global POS and SmartPOS payment-terminal solutions for merchants and is valued at $1.4B, with revenue up 371% over three years at Pax8 — accredited investors can access Pax stock through UpMarket.