SCHEDULE: Driehaus Boosts Stake in Paymentus to 7.23%

Driehaus Capital Management LLC has increased its beneficial ownership in Paymentus Holdings, Inc. to 7.23% as of June 30, 2025, up from 5.87%.

Summary

• Driehaus Capital Management LLC (DCM) filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Paymentus Holdings, Inc. (PAY).
• As of June 30, 2025, DCM beneficially owned 2,542,516 shares of Paymentus Holdings, Inc. Common Stock.
• This represents 7.23% of the class of securities.
• This percentage is an increase from 5.87% reported as of March 31, 2025.
• DCM holds these shares for numerous clients on a fully discretionary basis.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Paymentus Holdings, Inc.

Sentiment

Score: 7

Explanation: The increased stake by a reputable investment firm like Driehaus Capital Management suggests positive sentiment and confidence in Paymentus Holdings, Inc.'s outlook. The filing explicitly states the acquisition is for ordinary business purposes, not control, which is generally seen as a stable, long-term investment signal.

Positives

• Increased institutional ownership by Driehaus Capital Management LLC, indicating continued confidence in Paymentus Holdings, Inc.
• Driehaus Capital Management LLC's acquisition of shares is stated to be in the ordinary course of business, not for control purposes, suggesting a long-term investment perspective.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Paymentus Holdings, Inc. or Driehaus Capital Management LLC beyond the statement that the shares are held in the ordinary course of business.

Management Comments

• This amendment is filed to reflect the change in our percentage of ownership of Paymentus Holdings Inc. (PAY). DCM owned 7.23% of PAY as of June 30, 2025, up from 5.87% as of March 31, 2025.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing indicates an increased stake by an institutional investor in Paymentus Holdings, Inc., a company operating in the fintech sector, specifically in bill payment solutions. Increased institutional ownership can signal growing confidence in the company's market position and future prospects within the competitive digital payments industry.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership as a positive signal, potentially leading to increased investor confidence and demand for the stock.
• Management: Could interpret the increased stake as a vote of confidence in their strategy and execution.

Key Dates

Recommendation

The increase in Driehaus Capital Management LLC's stake in Paymentus Holdings, Inc. from 5.87% to 7.23% is a positive indicator of institutional confidence. This suggests that a sophisticated investor sees continued value in the company. However, a Schedule 13G filing primarily discloses ownership changes and does not provide comprehensive financial or operational details to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and monitor future financial reports and strategic developments from Paymentus Holdings, Inc. to make a more informed decision.

Keywords

Paymentus Holdings, PAY, Driehaus Capital Management, DCM, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Adviser, Fintech