Sling

paymentsmobile/digital wallet

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Israel
Last Update: 23/02/2021

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About

Sling empowers the underserved micro-merchant sector, enabling them to unlock mobile finance to grow their business. More than 200m micro-businesses (flea market vendors, sole traders, etc) around the world are underserved by the entire financial chain: Unbanked. Un-Credited. Un-Technological. Sling is democratizing technology for the base-of-the-pyramid audiences, enabling them to finally adopt advanced payment methods, unlock analytics and leverage loyalty channels that have been non existent until now. No hardware. Instant onboarding. Zero friction between micro-merchant and consumer Merchants onboard the service in mere minutes and start accepting payments in a frictionless process. Merchants are geared with payment-enabled tangibles, named 'Slings'; payment bracelet, labels and tag. Sling's unique non-hardware tangible elements serve as both roving POS (at 0 cost) as well as an 'access key' to a variety of unique fintech capacities called Pebbles

MEDICI Analysis

Sling was acquired by Avante, a micro-credit company in July 2016. It is a payment platform that enables frictionless mobile payments between micro-merchants & consumers in real-world situations.

Focus

PRODUCTS & SERVICES

Sling App for Payments

REVENUE MODEL

The company earns revenues through payment processing fees

MAIN CLIENTS

Micro-Merchants and Consumers

EXISTING PARTNERSHIPS

Citi Ventures

Mastercard

Traction

VALUATION / MARKET CAP:

$6.67 M in 2015

COMPANY TYPE:

For Profit

REVENUE

0.0 in 2015

People

FOUNDERS

Erez Yerushalmi

Jacob Cohen

BOARD MEMBERS AND ADVISORS

Erez Yerushalmi

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Erez

MasterCard Start Path

KEY EMPLOYEES:

Yacov Cohen

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

Jun 2015

IPO STATUS

Private

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Aug 2014

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Avante

ANNOUNCED DATE

Jul 2016

PRICE

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company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

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MONTHLY VISITS GROWTH

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VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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Innovation Programs

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