About Parametric
Parametric is a Financial Services company based in Philadelphia (United States) founded in 2012, and was acquired by Bypass Mobile in March 2016. It provides PoS and Guest interaction softwares. Parametric has raised $319 thousand across 2 funding rounds from investors including Bypass Mobile. Its focus areas include FinTech, Payments, Business Payments and POS Payments. Its competitors include Clover, Presto and Cardflight; 3 of its 3 listed competitors have raised funding.
Company details
Parametric was founded in 2012 and is based in Philadelphia, United States. Software solutions for point-of-sale (PoS) and guest interactions are developed for hospitality venues such as clubs and restaurants. The PoS system maintains PCI compliance and generates analytics on sales data. Advertising options are integrated into the app via screensavers, backgrounds, and guest messages, allowing direct merchant outreach within the domain parametric.io.
- Headquarters Philadelphia, United States
- Stage Acquired
- SectorsFinancial Services
- Website parametric.io
- Social LinkedIn
- Acquired by Bypass Mobile (Mar 2016)
- Total Equity Funding$319K (USD)
in 2 rounds
- Latest Funding Round$100K (USD), Seed
Sep 2013
- Investors
- Acquired byBypass Mobile
(Mar 2016)
Funding Insights of Parametric
Parametric has successfully raised a total of $319K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in September 2013. 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 $319,000
- Total Rounds 2
- Last Round Seed — $100,000
- First Round $219,000
(Dec 2012)
All 2 funding rounds of Parametric 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 2013 | $100,000 | Seed | – | – | – |
| Dec 2012 | $219,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Parametric
Parametric has secured backing from 1 investor. Prominent investors backing the company include Bypass Mobile.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based POS software is offered for multi-site merchants. | 2010 | bypassmobile.com | Austin, United States |
Investor details for Parametric
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Parametric
4 dated milestones of Parametric across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Parametric is founded.
- Funding First funding round of $219K.
- Funding Latest funding round, Seed, of $100K.
- Exit Acquired by Bypass Mobile.
Competitors of Parametric
Parametric has 3 listed competitors in our database, 3 of them funded. They include Clover, Presto and Cardflight.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clover.com | 2010 | Mountain View, United States | $8.75M | 6 | Cloud-based mPOS system for small business operations is offered. | |
| presto.com | 2008 | San Carlos, United States | $82.62M | 137 | Drive-through automation solutions for restaurants are provided using AI. | |
| cardflight.com | 2011 | New York, United States | $7.61M | 21 | In-person credit card payments are facilitated via mobile app SDK. |
Detailed competitors of Parametric
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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 Parametric (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 Parametric
Parametric was founded in 2012.
Parametric is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Parametric is a funded company, having raised a total of $319K across 2 funding rounds to date. The company's 1st funding round was a Seed of $219K, raised on Dec 2012.
Parametric was founded in 2012 and is based in Philadelphia, United States. Software solutions for point-of-sale (PoS) and guest interactions are developed for hospitality venues such as clubs and restaurants. The PoS system maintains PCI compliance and generates analytics on sales data. Advertising options are integrated into the app via screensavers, backgrounds, and guest messages, allowing direct merchant outreach within the domain parametric.io.
Parametric's top competitors include Clover, Presto and Cardflight.
Parametric has 1 investor. Key investors include Bypass Mobile.
Yes. Parametric was acquired by Bypass Mobile in March 2016.