LoopPay

LoopPay (Acquired/Merged)

  • FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    MA
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Mobile wallet for retail customers - stores all cards, including payment, gift, loyalty, reward and IDs LoopPay’s patented Magnetic Secure Transmission™ (MST) technology turns existing mag stripe readers into mobile contactless readers without any change or cost to merchants or their payment processors, enabling secure mobile payments Looppay encrypts and stores all card track data in secure memory within any device
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Consumers

PEOPLE

MEDICI analysts will analyze LoopPay soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$10 Million
TOTAL FUNDING COMMENT:
$3 M from debt financing
FUNDING SERIES:
SERIES A
$10 Million Closed:
LISTED:
NO

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