# EDGAR Filing Document

**Accession Number:** 0001863465
**File Stem:** 0001193125-25-282984
**Filing Date:** 2025-11
**Character Count:** 37827
**Document Hash:** 85360d42b5d1b55ed065e031adcd4095
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-282984.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-282984

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paymentus Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001841156
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92586
- **FILM NUMBER:** 251486380

**BUSINESS ADDRESS:**
- **STREET 1:** 11605 N. COMMUNITY HOUSE ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** (888) 440-4826

**MAIL ADDRESS:**
- **STREET 1:** 11605 N. COMMUNITY HOUSE ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Accel-KKR Holdings GP, LLC
- **CENTRAL INDEX KEY:** 0001863465

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ACCEL-KKR
- **STREET 2:** 2180 SAND HILL ROAD, SUITE 300
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 289-2460

**MAIL ADDRESS:**
- **STREET 1:** C/O ACCEL-KKR
- **STREET 2:** 2180 SAND HILL ROAD, SUITE 300
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 7)**

**Issuer:** Paymentus Holdings, Inc.

**Title of Class of Securities:** Common Stock, par value $0.0001

**CUSIP Number:** 70439P108

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Accel-KKR Holdings GP, LLC | Names of Reporting Persons<br>Accel-KKR Holdings GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>37460713 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>36224853 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>37460713 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>37460713 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>36.57% | Percent of Class Represented by Amount in Row (9)<br>36.57% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported securities represent (i) 2,536,524 shares of Class A Common Stock ("Class A Shares"), (ii) 33,688,329 Class A Shares issuable upon conversion of an equal number of shares of Class B Common Stock ("Class B Shares"), and (iii) 1,235,860 Class A Shares underlying Class B Shares for which the Reporting Person holds a voting proxy ("Proxy Shares").

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Accel-KKR Capital Partners CV III, LP | Names of Reporting Persons<br>Accel-KKR Capital Partners CV III, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>27244139 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>27244139 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>27244139 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>27244139 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>26.60% | Percent of Class Represented by Amount in Row (9)<br>26.60% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 2,245,886 Class A Shares and (ii) 24,998,253 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners III, LP | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners III, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1146909 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1146909 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1146909 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1146909 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.12% | Percent of Class Represented by Amount in Row (9)<br>1.12% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 94,546 Class A Shares and (ii) 1,052,363 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners II Strategic Fund, LP | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners II Strategic Fund, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>38436 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>38436 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>38436 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>38436 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.04% | Percent of Class Represented by Amount in Row (9)<br>0.04% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 3,168 Class A Shares and (ii) 35,268 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners II, LP | Names of Reporting Persons<br>Accel-KKR Growth Capital Partners II, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>453095 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>453095 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>453095 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>453095 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.44% | Percent of Class Represented by Amount in Row (9)<br>0.44% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 37,350 Class A Shares and (ii) 415,745 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Accel-KKR Members Fund, LLC | Names of Reporting Persons<br>Accel-KKR Members Fund, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1363758 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1363758 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1363758 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1363758 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.33% | Percent of Class Represented by Amount in Row (9)<br>1.33% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported securities represent 1,363,758 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>AKKR Strategic Capital LP | Names of Reporting Persons<br>AKKR Strategic Capital LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5061257 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5061257 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5061257 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5061257 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.94% | Percent of Class Represented by Amount in Row (9)<br>4.94% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent 5,061,257 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>AKKR SC GPI HoldCo LP | Names of Reporting Persons<br>AKKR SC GPI HoldCo LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>761685 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>761685 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>761685 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>761685 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.74% | Percent of Class Represented by Amount in Row (9)<br>0.74% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent 761,685 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>AKKR Fund II Management Company, LP | Names of Reporting Persons<br>AKKR Fund II Management Company, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>155574 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>155574 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>155574 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>155574 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.15% | Percent of Class Represented by Amount in Row (9)<br>0.15% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported securities represent Class A Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Palumbo, Robert | Names of Reporting Persons<br>Palumbo, Robert |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>5961991 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>37460713 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>5961991 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>36224853 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>43422704 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>43422704 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>42.39% | Percent of Class Represented by Amount in Row (9)<br>42.39% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 2,536,524 Class A Shares and (ii) 39,650,319 Class A Shares issuable upon conversion of an equal number of Class B Shares, and (iii) 1,235,860 Class A Shares underlying the Proxy Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>Barnds, Thomas | Names of Reporting Persons<br>Barnds, Thomas |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>5961990 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>37460713 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>5961990 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>36224853 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>43422703 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>43422703 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>42.39% | Percent of Class Represented by Amount in Row (9)<br>42.39% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** The reported securities represent (i) 2,536,524 Class A Shares and (ii) 39,650,319 Class A Shares issuable upon conversion of an equal number of Class B Shares, and (iii) 1,235,860 Class A Shares underlying the Proxy Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

| 1. | Names of Reporting Persons<br>KKR-AKI Investors L.L.C. | Names of Reporting Persons<br>KKR-AKI Investors L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1235860 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1235860 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1235860 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1235860 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.21% | Percent of Class Represented by Amount in Row (9)<br>1.21% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported securities represent 1,235,860 Class A Shares issuable upon conversion of an equal number of Class B Shares.

The reported percentage is calculated based on (i) 55,578,758 Class A Shares outstanding as of October 30, 2025, as reported in the Issuer's 10-Q filed November 4, 2025 as increased by (ii) 46,848,170 Class A Shares issuable upon conversion of Class B Shares beneficially owned by the Reporting Persons (inclusive of the Proxy Shares).

---

**Item 1(a). Name of Issuer:**
Paymentus Holdings, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
11605 N. Community House Road, Suite 300 Charlotte, NC, 28277

**Item 2(a). Name of Person Filing:**
(i)	Accel-KKR Holdings GP, LLC
(ii)	Accel-KKR Capital Partners CV III, LP
(iii)	Accel-KKR Growth Capital Partners III, LP
(iv)	Accel-KKR Growth Capital Partners II Strategic Fund, LP
(v)	Accel-KKR Growth Capital Partners II, LP
(vi)	Accel-KKR Members Fund, LLC
(vii)	AKKR Strategic Capital LP
(viii)	AKKR SC GPI HoldCo LP
(ix)	AKKR Fund II Management Company, LP
(x)	Palumbo, Robert
(xi)	Barnds, Thomas
(xii)	KKR-AKI Investors L.L.C.

**Item 2(b). Address of Principal Business Office:**
c/o Accel-KKR
2180 Sand Hill Road, Suite 300,
Menlo Park, CA 94025.

**Item 2(c). Citizenship:**
See responses to Item 4 on the cover page.

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.0001

**Item 2(e). CUSIP Number:**
70439P108

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See responses to Item 9 on each cover page.
Accel-KKR Fund Holdings
The aggregate 37,460,713 Class A Shares, representing 36.57% of the outstanding Class A Shares, which are reported as beneficially owned in this Statement are held as follows:
Accel-KKR Capital Partners CV III, LP ("CV III") directly holds 2,245,886 Class A Shares and 24,998,253 Class B Shares, convertible into an equal number of Class A Shares with no expiration date. AKKR Fund III Management Company CV, LP ("CV III GP") is the sole general partner of CV III.
Accel-KKR Growth Capital Partners III, LP ("GC III") directly holds 94,546 Class A Shares and  1,052,363 Class B Shares. AKKR Growth Capital Management Company III, LP ("GC III GP") is the sole general partner of GC III.
Accel-KKR Growth Capital Partners II Strategic Fund, LP ("GC II Strategic") directly holds 3,168 Class A Shares and  35,268 Class B Shares. AKKR Growth Capital Management Company II, LP ("GC II GP") is the sole general partner of GC II Strategic.
Accel-KKR Growth Capital Partners II, LP ("GC II") directly holds 37,350 Class A Shares and 415,745 Class B Shares. GC II GP is the sole general partner of GC II.
Accel-KKR Members Fund, LLC ("Members Fund") directly holds 1,363,758 Class B Shares. AKKR Management Company, LLC ("UGP") is the sole managing member of Members Fund.
AKKR Strategic Capital LP ("SC") directly holds 5,061,257 Class B Shares. AKKR Strategic Capital GP ("SC GP") is the sole general partner of SC.
AKKR SC GPI HoldCo LP ("SC GPI") directly holds 761,685 Class B Shares.
AKKR Fund II Management Company, LP ("Fund II GP" and collectively with CV III, GC III, GC II Strategic, GC II, Members Fund, SC and SC GPI, the "Accel-KKR Funds") directly holds 155,574 Class A Shares. UGP is the sole general partner of Fund II GP.
UGP has voting rights with respect to the 1,235,860 KKR-AKI Proxy Shares (described below).
Robert Palumbo directly holds 5,961,991 Class B Shares. Thomas C. Barnds directly holds 5,961,990 Class B Shares through a trust.
UGP is the sole general partner of CV III GP, GC III GP, GC II GP, SC GP and SC GPI. Accel-KKR Holdings GP, LLC ("Topco GP") is the sole managing member of UGP. Thomas C. Barnds and Robert Palumbo are the sole two directors and members of Topco GP. AKKR Fund II Management Company, LP (the "Management Company") is the sole management company of each of the Accel-KKR Funds, and UGP is the general partner of the Management Company. Consequently, as a result of the ownership and relationships described in the above bullet points, Mr. Barnds, Mr. Palumbo, CV III GP, GC III GP, GC II GP, SC GP, UGP, Topco GP and the Management Company may be deemed to have shared voting and dispositive power over the shares held by the Accel-KKR Funds.
KKR-AKI Proxy Shares
KKR-AKI Investors L.L.C. ("KKR-AKI") directly holds 1,235,860 Class B Shares. Pursuant to a Distribution and Voting Agreement, dated as of February 13, 2012, KKR-AKI is subject to a voting agreement with respect to the shares of Class B common stock that it holds in the Issuer and has granted UGP a proxy and attorney-in-fact, with full power of substitution, to vote all of its shares as required by such voting agreement if KKR-AKI does not comply with the terms thereof. As a result, UGP may be deemed to beneficially own such shares.
Stockholders Agreement
Pursuant to a Stockholders Agreement, dated as of May 24, 2021, as filed as Exhibit 10.1 to the Form 8-K filed May 28, 2021 (the "Agreement"), among (i) the Issuer, (ii) the Accel-KKR Funds, (iii) KKR-AKI, (iv) Dushyant Sharma and his related trusts and affiliates ("Sharma," together with the Accel-KKR Funds and KKR-AKI, the "Investor Parties"), the Investor Parties have agreed to certain voting arrangements, and therefore the Reporting Persons may be deemed to be part of a "group" pursuant to Rule 13d-3(a) with the Sharma Investors. Such "group" would be deemed to beneficially own an aggregate of 72,131,034 Class A Shares or 57.64% of the Issuer's outstanding Class A Shares calculated pursuant to Rule 13d-3(d). The Reporting Persons expressly disclaim membership in any such "group" and disclaim beneficial ownership of, and the responses to Items 5 through 9 of the cover pages to this Schedule 13G do not reflect, any securities that the Reporting Persons may be deemed to beneficially own solely by reason of the Agreement, which securities are separately reported on a Schedule 13G filed by Sharma.

**(b) Percent of class:**

See responses to Item 11 on each cover page hereto and the information set forth in Item 4(a) above.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See responses to Item 5 on each cover page hereto.

**(ii) Shared power to vote or to direct the vote:**

See responses to Item 6 on each cover page hereto.

**(iii) Sole power to dispose or to direct the disposition of:**

See responses to Item 7 on each cover page hereto.

**(iv) Shared power to dispose or to direct the disposition of:**

See responses to Item 8 on each cover page hereto.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Accel-KKR Holdings GP, LLC**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Accel-KKR Capital Partners CV III, LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Accel-KKR Growth Capital Partners III, LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Accel-KKR Growth Capital Partners II Strategic Fund, LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Accel-KKR Growth Capital Partners II, LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Accel-KKR Members Fund, LLC**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**AKKR Strategic Capital LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**AKKR SC GPI HoldCo LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**AKKR Fund II Management Company, LP**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds/Authorized Signatory

**Palumbo, Robert**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds, as Attorney-in-Fact

**Name & Title:** Robert Palumbo

**Barnds, Thomas**

**Date:** 11/14/2025

**By:** /s/ Thomas C. Barnds

**Name & Title:** Thomas C. Barnds

**KKR-AKI Investors L.L.C.**

**Date:** 11/14/2025

**By:** /s/ Leonardo Colello

**Name & Title:** Leonardo Colello/Manager