• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Open Wallet platform, Digital Issuance It enables banks, transit agencies and any other issuer to securely digitize their credit, debit, transit, loyalty or ID cards and distribute them to their own application, and to any other application using the Sequent Platform.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
CPI, Rogers,Sberbank,Sprint
EXISTING PARTNERSHIPS:
The company is patnerted with CPI, FIS, eMcrey, Vector and Arxan which is an Advance Security for Mobile payments.
COMMENT
It is awarded a key patent for simplifying mobile payments and enabling fast and seamless transactions at merchants through the “One Tap” mobile payments functionality. With one tap functionality, mobile wallets can transmit multiple cards--such as payment, loyalty, coupons and offers--at the same time to a merchant’s point of sale (POS) system. Sequent Platform brings cards to mobile and makes them useful for consumers. Sequent enables banks, transit agencies and any other issuer to securely digitize their credit, debit, transit, loyalty or ID cards and distribute them to their own application, and to any other application using the Sequent Platform.

PEOPLE

FOUNDERS:
David Brudnicki, Hans Reisgies, Drew Weinstein
Board Members and Advisors:
Mircea Mihaescu, David Haines, Carl Showalter, Bob Borchers, Joseph Cutts, Josh Stein, Mark Peter Davis, Rob Trice, Fred Thiel
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Opus Capital, SBT Venture Capital, SK Telecom Ventures, TIS of TIS Intec Group, Jado Investments

TRACTION

VALUATION / MARKET CAP:
$80 MM in 2015
COMMENT:
Sequent Software and Trustonic have announced a collaboration to increase the adoption of digital cards on smartphones and wearable.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$26 Millions
DATE OF LAST FUNDING:
Jun 2017
FUNDING SERIES:
SERIES A
doqehnjwknxzl solch isppldmvxdoc Closed: May 2011
SERIES B
$12 Million Closed: Jul 2013
SERIES C
$16 Million Closed: Jun 2017
COMMENTS
SERIES A : An Undisclosed Series A was raised in May 2011 SERIES C : An undisclosed Series C was raised in June 2015 and $16 M in Series C was raised in June 2017.
LISTED:
NO

LATEST RESEARCH