About CardConnect
CardConnect is a company based in King Of Prussia (United States) founded in 2006 was acquired by First Data in May 2017. CardConnect has raised $50 million across 1 funding round from investors including Fiserv, Fintech Acquistion and FTV Capital. The company has 341 employees as of December 31, 2017. CardConnect has completed 2 acquisitions, including GoSmartPay and Princeton Payment Solutions. CardConnect offers products and services including CardPointe, CoPilot, and Clover. CardConnect operates in a competitive market with competitors including Stripe, Square, PayPal, Flutterwave and PayU, among others.
- Headquarter King Of Prussia, United States
- Employees 341 as on 31 Dec, 2017
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Cardconnect Corp.
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Annual Revenue
$589.32 M (USD)28as on Dec 31, 2016
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Net Profit
-$16.14 M (USD)-1477as on Dec 31, 2016
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EBITDA
-$10.3 M (USD)-303as on Dec 31, 2016
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Sep 16, 2010
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Investors
Fiserv
& 2 more
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Employee Count
341
as on Dec 31, 2017
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Investments & Acquisitions
GoSmartPay
& 1 more
- Acquired by
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Products & Services of CardConnect
CardConnect offers a comprehensive portfolio of products and services, including CardPointe, CoPilot, and Clover.
Enables in-store, online, and mobile payment acceptance for merchants.
Facilitates portfolio tracking and onboarding for sales agents.
Provides customized hardware for tailored business payment needs.
People of CardConnect
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Funding Insights of CardConnect
CardConnect has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $50 million completed in September 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in CardConnect
CardConnect has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv, Fintech Acquistion and FTV Capital.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Payment processing and electronic commerce services are offered worldwide.
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Blank check firm focused on multiple sectors
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Investor details for CardConnect
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Investments & Acquisitions by CardConnect
CardConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GoSmartPay and Princeton Payment Solutions.
Investment portfolio details for CardConnect
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payments processing services are provided for electronic transactions.
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PCI compliant B2B payment solutions
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Complete acquisition details for CardConnect
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Financial Statements - CardConnect
Detailed financials for CardConnect
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Cardconnect Comparisons
Peer comparison for CardConnect
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Competitors of CardConnect
CardConnect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Square, PayPal, Flutterwave and PayU, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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POS solutions are provided for retail businesses.
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Online payment solutions are offered to consumers and businesses.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Payment processing and treasury management solutions are offered to businesses.
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Detailed competitors of CardConnect
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Latest news on Cardconnect
Complete news archive for CardConnect
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Frequently Asked Questions about CardConnect
CardConnect was founded in 2006 and raised its 1st funding round 4 years after it was founded.
CardConnect is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.
Jeff Shanahan is the current CEO of CardConnect.
CardConnect is a funded company, having raised a total of $50M across 1 funding round to date.
As of Dec 31, 2017, the latest employee count at CardConnect is 341.
Annual revenue of CardConnect is $589.32M as on Dec 31, 2016.
CardConnect is a full-service provider of electronic transaction processing services. CardConnect offers CardSecure solution which is a combination of Point-to-Point Encryption (P2PE) with a patented tokenization process and PCI-certified vault storage. Other payment acceptance solutions include PoS, mPoS, virtual terminal and eCommerce solutions. It also offers ERP security technology for the payments industry. CardConnect claims to process billions in transactions each year for more than 50,000 businesses across the globe. Adobe, GE, Jelly Belly, Hoover, AmeriGas are among its customers. FTS Holding Corporation is the parent company. FinTech Acquisition Corp. will acquire fully CardConnect for 350M, by end of June 2016 and will be reanamed as CardConnect Corp.
CardConnect's top competitors include Stripe, PayU and Flutterwave.
CardConnect offers CardPointe, CoPilot, and Clover.
CardConnect has made 2 acquisitions, including GoSmartPay, and Princeton Payment Solutions.
CardConnect has 3 investors. Key investors include Fiserv, Fintech Acquistion, and FTV Capital.