• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
White labeled mobile payment and currency system for retailers. The company offers omnichannel mobile payments solution that enables users to deliver an integrated payment and rewards experience, incentivizing customers to use the payment type of the retailers’ choice The omnichannel platform helps retailers to reduce transaction costs and increasing their sales.
MAIN CLIENTS:
Retailers, Financial institutions
COMMENT
On the customer side, OmnyWay is designed to yield the highest level of savings for discount-conscious shoppers. OmnyWay provides redemption for loyalty, points and promotions to reduce payment processing costs, arming retailers with a direct means to increase sales.

PEOPLE

FOUNDERS:
Ashok Narasimhan, Mohammad Khan, Bill Melton
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Global Internet Ventures, Nyca, CommerzVentures, CEFIF, Commerce Ventures, Industry Ventures
KEY EMPLOYEES:
Ashok Narasimhan(CEO)

TRACTION

COMMENT:
OmnyWay has announced the international expansion of its mobile checkout solution for large retailers(Mar 2016).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.5 Millions
DATE OF LAST FUNDING:
Sep 2014
TOTAL FUNDING COMMENT:
The company intends to use the latest funds to grow its operations, launch new services on its current contextual commerce platform, and expand its customer base in the U.S. and worldwide.
SEED & PRIOR FUNDING:
$1.5 Millions
SEED CLOSED ON:
Sep 2014
FUNDING SERIES:
SERIES A
$12.75 Millions Closed: Oct 2017
LISTED:
NO

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