About OpenTransact
OpenTransact is a company based in New York (United States) founded in 2010 by Mark Kilaghbian and Jake Howerton. OpenTransact has raised $2.63 million across 3 funding rounds from investors including Scout Ventures and Village Ventures. OpenTransact has completed 1 acquisition, including WorkingPoint. OpenTransact operates in a competitive market with competitors including Square, Klarna, Flutterwave, Afterpay and Zip, among others.
- Headquarter New York, United States
- Founders Mark Kilaghbian, Jake Howerton
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Sectors
Financial ServicesRetail
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$2.63 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Scout Ventures
& 1 more
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Employee Count
Not available
- Investments & Acquisitions
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People of OpenTransact
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Funding Insights of OpenTransact
OpenTransact has successfully raised a total of $2.63M across 3 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.
Investors in OpenTransact
OpenTransact has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Scout Ventures and Village Ventures.
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Early-stage venture capital investments in frontier technologies are made.
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FinTech & Media focused seed and early stage VC firm investing in the US
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Investor details for OpenTransact
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Investments & Acquisitions by OpenTransact
OpenTransact has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WorkingPoint.
Investment portfolio details for OpenTransact
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SaaS bookkeeping and invoicing are offered for small businesses.
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Complete acquisition details for OpenTransact
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Financial Statements - OpenTransact
Detailed financials for OpenTransact
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Opentransact Comparisons
Peer comparison for OpenTransact
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Competitors of OpenTransact
OpenTransact 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 Square, Klarna, Flutterwave, Afterpay and Zip, among others.
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POS solutions are provided for retail businesses.
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Point-of-sale financing is facilitated through an online platform for purchases.
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Provider of payment processing solutions for businesses
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A buy now pay later service is offered by Afterpay.
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Payment solutions are provided for deferred purchasing by Zip.
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Point-of-sale financing is facilitated via an online platform for retailers.
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Detailed competitors of OpenTransact
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Latest news on Opentransact
Complete news archive for OpenTransact
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Frequently Asked Questions about OpenTransact
OpenTransact was founded in 2010 and raised its 1st funding round 1 year after it was founded.
OpenTransact is headquartered in New York, United States. It is registered at New York, New York, United States.
Mark Kilaghbian is the current CEO of OpenTransact. They have also founded this company.
OpenTransact is a funded company, having raised a total of $2.63M across 3 funding rounds to date.
OpenTransact was founded in 2010 in New York, United States, focusing on the fintech sector. A unified platform is offered to consolidate, automate, scale, and monitor payment operations for businesses. Compatibility is ensured with mobile devices, tablets, desktops, and existing payment terminals. This setup allows merchants and customers to handle shopping, payments, and order completions across various devices.
OpenTransact's top competitors include Flutterwave, Sunbit and Klarna.
OpenTransact has made 1 acquisition, including WorkingPoint.
OpenTransact has 2 investors. Key investors include Scout Ventures, and Village Ventures.