CardConnect

paymentspayment gatewaysprocessors

STATUS: Acquired/Merged
FOUNDING YEAR: 2006
LOCATION: United States
Last Update: 17/07/2020

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About

CardConnect is provider of payment processing and technology services that helps merchants across the U.S., from large scale to small and mid-sized businesses units. The company’s patented tokenization and gateway solutions make payment acceptance simple, integrated and secure. The CardConnect API allows secure acceptance of a wide-range of credit, debit and alternative payments

Focus

PRODUCTS & SERVICES

CardPointe - an innovative payments platform offering SMBs a convenient, centralized system to track, manage and process their payments CardSecure - a secure gateway that integrates with enterprise level Oracle and SAP ERP systems, securing every transaction through data breach protection and PCI scope reduction It aims to transform the way businesses track, manage and process their payments.

REVENUE MODEL

Transaction based revenue model.

MAIN CLIENTS

Adobe,GE,Hoovers,Jelly Belly,Ameri Gas

COMMENT

It has patented tokenization engine, a robust solution to the industry’s increasing security sensitivity, the foremost concern with electronic payments among merchants, enterprises and consumers

People

NUMBER OF EMPLOYEES

51-200

INVESTORS:

FTV Capital

Momentum

FUNDED

NO

TOTAL FUNDING

$100 M

DATE OF LAST FUNDING

Sep 2010

SEED & PRIOR FUNDING

$50 M

SEED CLOSED ON

Sep 2010

LISTED

NO

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