About Cardflight
Cardflight is a company based in New York (United States) founded in 2011 by Derek Webster.. Cardflight has raised $7.61 million across 8 funding rounds from investors including SVB, Plug and Play Tech Center and Atlas Venture. Cardflight offers products and services including SwipeSimple and SwipeSimple Connect. Cardflight operates in a competitive market with competitors including Clover, Ezetap, Presto, SwipeSimple and JetPay, among others.
- Headquarter New York, United States
- Founders Derek Webster
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.61 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
SVB
& 7 more
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Employee Count
Employee Count
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Products & Services of Cardflight
Cardflight offers a comprehensive portfolio of products and services, including SwipeSimple and SwipeSimple Connect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables quick and secure payment acceptance for small businesses.
Facilitates direct sales and partnerships for payment solutions.
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Funding Insights of Cardflight
Cardflight has successfully raised a total of $7.61M across 8 strategic funding rounds. 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 Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(16 Mar 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Cardflight | Valuation | WestView Capital |
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| Oct, 2015 | Amount | Series A - Cardflight | Valuation |
investors |
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| Sep, 2014 | Amount | Seed - Cardflight | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cardflight
Cardflight has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Plug and Play Tech Center and Atlas Venture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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WestView Capital is focused on growth-oriented company investments.
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Founded Year | Domain | Location | |
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Early-stage technology-enabled companies are invested in by ff Venture Capital.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in across US and Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cardflight
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cardflight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cardflight Comparisons
Competitors of Cardflight
Cardflight 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 Clover, Ezetap, Presto, SwipeSimple and JetPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Drive-through automation solutions for restaurants are provided using AI.
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| domain | founded_year | HQ Location |
Mobile point-of-sale suite is provided for card payment processing.
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| domain | founded_year | HQ Location |
Payment processing services for e-commerce and mobile transactions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cardflight
Frequently Asked Questions about Cardflight
When was Cardflight founded?
Cardflight was founded in 2011.
Where is Cardflight located?
Cardflight is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Cardflight?
Derek Webster is the current CEO of Cardflight. They have also founded this company.
Is Cardflight a funded company?
Cardflight is a funded company, having raised a total of $7.61M across 8 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Mar 16, 2011.
What does Cardflight do?
Cardflight was founded in 2011 and is headquartered in New York, United States. Operations focus on the fintech sector, where an SDK for mobile applications is provided to handle in-person credit card transactions. Encrypted magnetic stripe data is captured, and integrations with payment processors and merchant service providers are enabled through APIs. Full control over the app experience is maintained by clients, simplifying payment complexities.
Who are the top competitors of Cardflight?
What products or services does Cardflight offer?
Cardflight offers SwipeSimple and SwipeSimple Connect.
Who are Cardflight's investors?
Cardflight has 8 investors. Key investors include SVB, Plug and Play Tech Center, Atlas Venture, WestView Capital Partners, and ff Venture Capital.
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