• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    OR
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Mobile payment platform for vending, parking, transit ticketing, laundry, amusement, and more. It aims at easy check-out process by enabling credit card payments at vendor machine.
MAIN CLIENTS:
Vending Machine Owners
EXISTING PARTNERSHIPS:
Vagabond Vending - To integrate its vending.
COMMENT
The company produces a device that plugs into vending machines that interacts with an app. It uses Bluetooth to connect to the app, wherein customers can make a purchase. The device works with basically any vending machine, making it a good way to retrofit existing machines to take credit cards as cash becomes increasingly less commonplace.

PEOPLE

FOUNDERS:
Paresh Patel
Board Members and Advisors:
Osama Bedier, Surj Patel
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Phil Nadel, Barbara Corcoran Venture Partners, Osama Bedier

TRACTION

VALUATION / MARKET CAP:
$80 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$15 Million
DATE OF LAST FUNDING:
Jun 2015
SEED & PRIOR FUNDING:
$2.8 Millions
SEED CLOSED ON:
Aug 2014
FUNDING SERIES:
SERIES A
$12 Million Closed: Jun 2015
LISTED:
NO

LATEST RESEARCH