About CardConnect
CardConnect is a Financial Services company based in King Of Prussia (United States) founded in 2006, and was acquired by First Data in May 2017. Payment processing and technology services are provided globally. CardConnect has raised $50 million across 1 funding round from investors including Fiserv, Fintech Acquistion and FTV Capital. The company has 341 employees. CardConnect has completed 2 acquisitions, including GoSmartPay and Princeton Payment Solutions. Its chief executive, as recorded, is Jeff Shanahan. Its website cardconnect.com draws about 1.1 million monthly visits. CardConnect offers products and services including CardPointe, CoPilot, and Clover. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is CARDCONNECT CORP. Its competitors include Stripe, Square and PayPal; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters King Of Prussia, United States
- Employees 341
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website cardconnect.com
- Social LinkedIn X
- Acquired by First Data (May 2017)
- Legal Name Cardconnect Corp.
- Annual Revenue$589.32 M (USD)28as on Dec 31, 2016
- Net Profit-$16.14 M (USD)-1477as on Dec 31, 2016
- EBITDA-$10.3 M (USD)-303as on Dec 31, 2016
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Private Equity Round
Sep 2010
- InvestorsFiserv
& 2 more
- Employee Count341
- Investments & AcquisitionsGoSmartPay
& 1 more
- Acquired by
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.
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.
- Total Funding $50M
- Total Rounds 1
- Last Round Private Equity Round — $50M
- First Round $50M
(Sep 2010)
- Investors Count 1
All 1 funding rounds of CardConnect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2010 | $50M | Private Equity Round | – | FTV Capital | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Private equity investment firm | ftvcapital.com | San Francisco, United States | ||
Payment processing and electronic commerce services are offered worldwide. | 1971 | firstdata.com | Atlanta, United States | |
Blank check firm focused on multiple sectors | 2015 | fintechacquisition.com | New York, United States |
Investor details for CardConnect
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CardConnect
54 people are tracked at CardConnect (26 in leadership, 28 in team); the tracked headcount is 341.
| Name | Role | Group |
|---|---|---|
Jeff Shanahan | CEO & President | Leadership |
Jordan Culpepper | Director Of Sales | Leadership |
Joseph M. Doyle | Business Partner | Leadership |
Robinson Moore | Director Of Sales | Leadership |
Joe Summers | Chief Architect | Leadership |
Rush Taggart | CTO | Leadership |
Kyle Aceto | Director, Business Development And Partner Delivery | Leadership |
Travis Vaniter | VP Business Development | Leadership |
Stephen Kiernan | Director Of Business Development | Leadership |
Jim Kortas | Director Of Strategic Partnerships | Leadership |
Kim Herman | Director Of Business Development | Leadership |
Alex Chapman | Director Of Enterprise Accounts | Leadership |
John Leombruno (Jay) | Director Of Merchant Accounts | Leadership |
Randi Dee Meiselas | VP Client Management | Leadership |
Marco Torcasio | Sales Director | Leadership |
Margo Pisa | Vice President Of Strategic Sales And Development | Leadership |
Matthew Deyoung | President At Cardconnect Of Kankakee | Leadership |
Jim Schulze | Director Network Engineering | Leadership |
Mayra Meza | Director, Agent Onboarding & Development | Leadership |
Cristian E. Leiros | Business Partner | Leadership |
34 more people are available in the full profile.
Complete people profiles for CardConnect
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- Team structure
- Board tenure
- Professional contacts
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payments processing services are provided for electronic transactions. | gosmartpay.com | Fargo, United States | 2011 | Aug 2013 | •••• | |
PCI compliant B2B payment solutions | prinpay.com | Princeton, United States | 2007 | Feb 2012 | •••• |
Complete acquisition details for CardConnect
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of CardConnect
6 dated milestones of CardConnect across 11 years, from founding to its latest funding, stage changes and deals.
- Founded CardConnect is founded.
- Funding First funding round of $50.0M.
- Acquisition Acquires Princeton Payment Solutions.
- Acquisition Acquires GoSmartPay.
- Exit Acquired by Fintech Acquistion.
- Exit Acquired by First Data.
Competitors of CardConnect
CardConnect has 3 listed competitors in our database, 3 of them funded. They include Stripe, Square and PayPal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| paypal.com | 1998 | San Jose, United States | $216M | 27,200 | Online payment solutions are offered to consumers and businesses. |
Detailed competitors of CardConnect
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of CardConnect
The website of CardConnect (cardconnect.com) receives about 1.1M visits a month and ranks #47,616 among all websites worldwide, #3,020 in Financial Planning and Management.
- Monthly visits1.1M
▲ 3.6% vs previous month
- Unique visitors146.3K
per month
- Global rank#47,616
among all websites
- Category rank#3,020
Finance · Financial Planning and Management
- Bounce rate31%
- Pages per visit4.8
- Average visit4 min 13 sec
- DevicesDesktop 93% · Mobile 7%
Websites whose visitors overlap most with CardConnect. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cardpointe.com | cardpointe.com | 100% | #61,557 | – | |
| 911software.com | 72% | View details | |||
| vantiv.com | 65% | 3.2K | #5,799,650 | View details | |
| bill.com | 61% | 4.3M | #7,262 | View details | |
| unitedconcordia.com | 59% | 680.7K | #58,110 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CardConnect
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as CardConnect (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about 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 CEO of CardConnect, as recorded in our data.
CardConnect is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $50M, raised on Sep 2010.
CardConnect has 341 employees.
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 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.
CardConnect operates through Cardconnect Corp..