About CardSpring
CardSpring is a company based in Palo Alto (United States) founded in 2010 was acquired by Twitter in July 2014.. CardSpring has raised $10 million across 2 funding rounds from investors including Accel, Greylock Partners and Techammer. CardSpring operates in a competitive market with competitors including PayRange, FreedomPay, CM Telecom, Perpule and Mosambee, among others.
- Headquarter Palo Alto, United States
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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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Funding Insights of CardSpring
CardSpring has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in January 2012. 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 2
- Last Round Series A — $10.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Series A - CardSpring | Valuation | Accel , Greylock | |
| May, 2011 | Amount | Seed - CardSpring | Valuation |
investors |
| 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 |
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Investors in CardSpring
CardSpring has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Greylock Partners and Techammer. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Techammer is engaged in angel investing and supporting innovative founders.
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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 CardSpring
| 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 - CardSpring
| 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 |
Cardspring Comparisons
Competitors of CardSpring
CardSpring 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 PayRange, FreedomPay, CM Telecom, Perpule and Mosambee, 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 |
Mobile payments for vending machines are facilitated via smartphone app.
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| domain | founded_year | HQ Location |
Online payment gateway and MPOS solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Provider of engagement platform with AI agents and unified data tools
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| domain | founded_year | HQ Location |
App-based self-checkout is enabled for offline retail stores.
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| domain | founded_year | HQ Location |
EMV-enabled mPOS solutions are offered for card transaction acceptance.
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| domain | founded_year | HQ Location |
All-in-one POS and business management system is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Cardspring
Frequently Asked Questions about CardSpring
When was CardSpring founded?
CardSpring was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is CardSpring located?
CardSpring is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is CardSpring a funded company?
CardSpring is a funded company, having raised a total of $10M across 2 funding rounds to date.
What does CardSpring do?
CardSpring was founded in 2010 in Palo Alto, United States, as a payments infrastructure provider. APIs are offered to enable developers to integrate applications with the payment network, facilitating card-linked services for merchants and point-of-sale vendors. Local merchants are supported through CardSpring Connect, which links online promotions to physical store discounts via credit card syncing. The company was acquired by Twitter in 2014 to enhance advertising capabilities.
Who are the top competitors of CardSpring?
CardSpring's top competitors include Mosambee, PayRange and FreedomPay.
Who are CardSpring's investors?
CardSpring has 9 investors. Key investors include Accel, Greylock Partners, Techammer, Felicis Ventures, and Morado Ventures.
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