About Magic
Magic is a Financial Services company based in San Francisco (United States) founded in 2022 by Chetan Kulhari, David Guo, and Renasha Mishra. Bank payment solutions are provided to reduce transaction costs. It operates on a FinTech and Commission-Based model. Magic offers products and services including Magic Pay by Bank. Its focus areas include Payment Processing and Online Payments. Its competitors include Recurly, ButterPayments and Waivr; 3 of its 3 listed competitors have raised funding.
Company details
Bank payment solutions are offered by Magic to help businesses reduce processing fees, fraud, chargebacks, and subscription churn. Services are focused on the financial technology sector, enabling seamless and secure online payments. Integration with existing systems is supported through an enterprise-grade platform, ensuring minimal technical hurdles. Data security is prioritized with strong encryption, secure cloud infrastructure, and continuous monitoring. Solutions are designed to improve user experience with simple checkout processes and rewards programs.
- Headquarters San Francisco, United States
- Founders Chetan Kulhari, David Guo, Renasha Mishra
- SectorsFinancial Services
- Email••••••••
- Website joinmagic.com
- Social LinkedIn
Products & Services of Magic
Magic offers a comprehensive portfolio of products and services, including Magic Pay by Bank.
Bank payments are facilitated for reduced processing fees.
People of Magic
3 people are tracked at Magic (3 in leadership).
| Name | Role | Group |
|---|---|---|
Chetan Kulhari | Co-Founder | Leadership |
David Guo | Co-Founder | Leadership |
Renasha Mishra | Co-Founder | Leadership |
Complete people profiles for Magic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Competitors of Magic
Magic has 3 listed competitors in our database, 3 of them funded. They include Recurly, ButterPayments and Waivr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| recurly.com | 2009 | San Francisco, United States | $39.18M | 254 | Subscription billing automation is provided for business operations. | |
| butterpayments.com | 2020 | San Francisco, United States | $29M | 21 | Payment routing solution for businesses | |
| waivr.co | 2020 | Los Angeles, United States | $1.4M | 1 | Real-time subscription payments are facilitated for businesses via API. |
Detailed competitors of Magic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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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 Magic (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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Frequently Asked Questions about Magic
Magic was founded in 2022.
Magic is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Bank payment solutions are offered by Magic to help businesses reduce processing fees, fraud, chargebacks, and subscription churn. Services are focused on the financial technology sector, enabling seamless and secure online payments. Integration with existing systems is supported through an enterprise-grade platform, ensuring minimal technical hurdles. Data security is prioritized with strong encryption, secure cloud infrastructure, and continuous monitoring. Solutions are designed to improve user experience with simple checkout processes and rewards programs.
Magic's top competitors include Recurly, ButterPayments and Waivr.
Magic offers Magic Pay by Bank.