CardFlight

paymentspos/mobile pos

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 10/07/2020

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About

CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate card-present payment acceptance into mobile apps. CardFlight's open platform connects mobile app developers with payment processors, focusing on the 90+% of credit card payments that happen in real life.

MEDICI Analysis

CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate card-present payment acceptance into mobile apps. CardFlight's open platform connects mobile app developers with payment processors, focusing on the 90+% of credit card payments that happen in real life.

Focus

PRODUCTS & SERVICES

Card readers and processors

REVENUE MODEL

CardFlight operates on a SaaS (Software as a Service) model, where they charge a monthly fee per device for unlimited use of their service.

MAIN CLIENTS

Indochino

Peloton Cycle

Phhhoto

LearnVest

Henry Vilas Zoo and others

EXISTING PARTNERSHIPS

Stripe

First Data

Global Payments

Vantiv

Braintree

Worldpay

TSYS and others

Traction

VALUATION / MARKET CAP:

$10.67 M in 2015

People

FOUNDERS

Derek Webster

BOARD MEMBERS AND ADVISORS

Derek Webster

John Frankel

Tony VanBrackle

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accomplice

Apostolos Apostolakis

Atlas Venture

Entrepreneurs Roundtable Accelerator

FF venture capital

Great Oaks Venture Capital

Payment ventures

Plug & Play ventures

Plug and Play

Silicon Valley Bank

Momentum

FUNDED

YES

TOTAL FUNDING

$3.5 M

DATE OF LAST FUNDING

Sep 2018

SEED CLOSED ON

Jan 2013

FUNDING SERIES

SERIES A  · $3.5 M  · Sep 2018

DEBT FUNDING

$750 K

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2011

LOCATION:

United States

Views:

281 VISITORS | 536 VIEWS
LATEST FUNDING ROUND

$3.5 M

TOTAL EMPLOYEES
51-200

About

CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate card-present payment acceptance into mobile apps. CardFlight's open platform connects mobile app developers with payment processors, focusing on the 90+% of credit card payments that happen in real life.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate card-present payment acceptance into mobile apps. CardFlight's open platform connects mobile app developers with payment processors, focusing on the 90+% of credit card payments that happen in real life.

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

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CardFlight

About

CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate card-present payment acceptance into mobile apps. CardFlight's open platform connects mobile app developers with payment processors, focusing on the 90+% of credit card payments that happen in real life.

Focus

PRODUCTS & SERVICES

Card readers and processors

REVENUE MODEL

CardFlight operates on a SaaS (Software as a Service) model, where they charge a monthly fee per device for unlimited use of their service.