Piston Technologies Inc. will concentrate on developing products for the Indian market while growing its business in the United States. Piston is changing the payment scene in the USA by fusing state-of-the-art QR-based payment technology with a dedication to expediting transactions.

Piston’s platform offers innovative features that improve the B2B payment process. By avoiding conventional payment processors, the QR-based system offers substantial cost savings while facilitating direct and secure business-to-business transactions without the need for middlemen. To maximize operational efficiency, the platform also offers special benefits including fleet management tools, discounts, and prizes. Robust security is ensured by advanced analytics, which successfully stops fraudulent activity. Piston combines cutting-edge technology with practical use, drawing inspiration from India’s Unified Payments Interface (UPI) network and the extensive use of digital wallets to create a solution for business.

Piston has experienced quick growth since its formal launch in July 2024, which is indicative of high market demand. The business now operates in 35 cities across six states (California, Georgia, Texas, Florida, New York, and Arkansas). Additionally, Piston’s monthly growth rate has been an astounding 50%, with a yearly payment processing volume of $10.4 million. By March 2025, this volume is expected to exceed $50 million.

Pear.VC, a well-known early-stage venture capital firm with headquarters in Silicon Valley, has invested $1.2 million in Piston, marking a significant financial milestone. Piston is using this funding infusion to speed up product development, market expansion, and operational scalability.

PistonPay wants to increase its usefulness by allowing vendor payments and the purchase of personal items at gas stations by the middle of 2025. By the end of 2025, the company intends to launch full-scale operations in major cities and all 50 states. Additionally, Piston plans to reach a transaction value of $450 million by December 2025 and $2 billion over the following three years.

Piston has a strong worldwide presence. Its engineering and operations are centered in Kolkata, India, while its leadership, sales, and product development are headquartered in the US. Piston’s expansion strategy has been greatly aided by this special blend of leadership in the US and operations from Kolkata. Piston wants to reach 500 workers globally by 2026, demonstrating its dedication to operational excellence and innovation.

Priyanka Dutta