• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019
    Company priority:
    We're on to something big this year!

Description

FOCUS

PRODUCTS & SERVICES:
Blockchain-based payment service provider for cross-border businesses
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Saga, Soom, Xpogo, Discuss, Bulat Kitchen, Emissary, Global Surf Industries, Checkster, Flower Essence Services, Your Remote Assistant, Jordan
PRIMARY PROBLEM SOLVED:
Once the account is setup, Align Commerce delivers the payment anywhere on the same day to three days later. The company gives 100% flexibility and control to make payments in the currency its client desire. For example, if a Mexican-based business wants to pay a European business in euros, they can. Or, if they want to pay in Mexican pesos, they can.
COMMENT
Align Commerce is the first in the industry to create a patent-pending, multi-rail payment technology. With the multi-rail payment technology, customers can send and collect payments by email without the need to figure out the bank account information and the swift codes of the receiver. Being the first to launch such technology, the company differentiates from its competitors and gets a first-mover advantage.

PEOPLE

FOUNDERS:
Marwan Forzley, Aldo Carrascoso
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Bay Hill Capital Management, Boost VC, Digital Currency Group, Fenway Summer LLC, Kleiner Perkins Caufield & Byers, NyCa Investment Partners, Pantera Capital, Philippe Suchet, Recruit Venture Partners, Solon Mack Capital, The Whittemore Collection, Google Ventures, NAB Ventures

TRACTION

VALUATION / MARKET CAP:
$83.3 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$37 Millions
DATE OF LAST FUNDING:
Mar 2017
SEED CLOSED ON:
Apr 2015
FUNDING SERIES:
SERIES A
$12.5 Millions Closed: Nov 2015
SERIES B
$24 Millions Closed: Mar 2017
LISTED:
NO

LATEST RESEARCH