Payments

Flint backs up their Android app launch with a $6 Million funding

On 17th October, 2013 Flint launched their swipe-free mobile payment app on android platform. The app is available for download at Google Play Store. Flint had announced about the launch of their app on android platform last week at Small Business Expo in Boston.

Talking about the launch of Flint app on android platform, Greg Golfarb says "We've heard strong demand for Android, and we're excited to bring Flint to a large new segment of customers,"

Flint was established in 2011 and headquartered in Redwood City, California. It is backed by investors such as Storm Ventures and True Ventures. They did a Series A round of $3 Mn from these VCs. On October 25, 2013 Flint announced that they had raised $6 Mn in Series B funding. The round of funding was led by Storm Ventures, Digicel Group with SVG Partners and True Ventures. Digicel Group being the new investor in the team of investors who have also participated in Series A round.

Digicel Group’s inclusion as an investor may raise a few eyebrows considering that it is one of the newest entrants into the Central American mobile market. Digicel has been a dominant player in the Carribean market. This interest of Digicel may also mean that the Group may have long term plans around mobile payments. Funding from Digicel may also mean that Flint may look at expanding its reach to Carribean market.

Talking to Techcrunch, Goldfarb shares his thoughts on Digicel. He says “They’re kind of renegades in the mobile operator space. Which is fine by us, we’re kinda the new kid on the block too.”

Flint launched its mobile app on Apple’s iOS platform in November, 2012. With over 100,000 downloads so far and a 4+ rating at the app store based on customer reviews.

If you’re also interested in finding out more about the Flint app and what it does. Here’s how the Flint app works:

  • Just scan the main numbers of the card and enter card verification information to ensure a secure transaction.
  • Flint instantly sends an authorization request through their PCI compliant payment gateway partner.
  • No card data or images are stored on the phone and your customer’s privacy is protected.
  • The user can easily customize transactions by creating a pre-set item list, adding sales tax, enabling tipping, or including a loyalty offer in the receipt.

The team of Let’s Talk payments covered Flint app extensively in of our latest postings. You can access the post here.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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