On 3rd April 2014, Flint Mobile announced its collaboration with Leap Payments in a move that will see the latter establishment, ‘resell Flint’s mobile payment services. Leap says that it selected Flint's differentiated solution to give it the right combination of capabilities to win in the small business marketplace.
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 million from these VCs. 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.
"We are very pleased to be working with with Leap. We have optimized for service verticals by uniquely bringing multiple payment use cases together in one simple app," said Greg Goldfarb, CEO of Flint Mobile. "Also, there has been tremendous adoption among the segments where Leap specializes," he added.
Leap will promote Flint to three audiences:
- New users that require mobile payment capabilities.
- Existing merchant account users that need to extend their commerce capabilities to the field.
- Merchants who might otherwise choose card reader-based mobile solutions.
Merchants can also take advantage of Leap Payments' seven-day free trial of its branded Flint Mobile solution for new users, where they can get approved and begin processing cards in less than 5 minutes.
"We are excited to join Flint's reseller partner program and look forward to offering our customers the multiple benefits of the Flint Mobile powered solution. In addition to easy on-the-spot card processing, their invoicing capabilities are very attractive, especially for professionals in various industries," said Leap Payments CEO, Will Detterman. "Flint Mobile has the advantage of not requiring card reader hardware, making it easy for us to support and an ideal tool for on-the-go businesses that are moving away from more traditional merchant services," he added. Mr Detterman has 15 years' experience selling merchant solutions to service businesses.