About Preczn
Preczn is a company based in Carrollton (United States) founded in 2022.. Preczn has raised $6.8 million across 1 funding round from investors including Flyover Capital, Blank Ventures and Grand Ventures. Preczn offers products and services including Preczn Vault, Merchant Onboarding, and Revenue Management. Preczn operates in a competitive market with competitors including Akoya, ProcessOut, MassPay, BankCheck and Keyrails, among others.
- Headquarter Carrollton, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.8 M (USD)
in 1 rounds
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Latest Funding Round
$6.8 M (USD), Series A
Oct 24, 2023
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Investors
Flyover Capital
& 6 more
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Employee Count
Employee Count
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Products & Services of Preczn
Preczn offers a comprehensive portfolio of products and services, including Preczn Vault, Merchant Onboarding, and Revenue Management. 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.
Secures and vaults data to prevent lock-in and ensure control.
Streamlines merchant integration and boosts usage adoption rates.
Identifies revenue opportunities and increases activation in Fintech.
Funding Insights of Preczn
Preczn has successfully raised a total of $6.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.8 million completed in October 2023. 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 1
- Last Round Series A — $6.8M
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First Round
First Round
(24 Oct 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Preczn | Valuation | Flyover Capital |
| 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 Preczn
Preczn has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Flyover Capital, Blank Ventures and Grand Ventures. 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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Stage agnostic venture capital firm backed by fund of funds
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Founded Year | Domain | Location | |
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Blank Ventures is focused on early-stage fintech investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in seed-stage B2B SaaS companies in emerging regions
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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 Preczn
| 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 - Preczn
| 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 |
Preczn Comparisons
Competitors of Preczn
Preczn 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 Akoya, ProcessOut, MassPay, BankCheck and Keyrails, 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 |
Financial data management platform is provided for institutions via APIs.
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| domain | founded_year | HQ Location |
Multiple payment gateways are integrated via API for merchants.
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| domain | founded_year | HQ Location |
Offers payment orchestration, global payouts, and identity verification services.
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| domain | founded_year | HQ Location |
Payment routing and authentication platform is offered for businesses.
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| domain | founded_year | HQ Location |
SWIFT-enabled stablecoin payments for global trade are facilitated.
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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 Preczn
Frequently Asked Questions about Preczn
When was Preczn founded?
Preczn was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Preczn located?
Preczn is headquartered in Carrollton, United States. It is registered at Carrollton, Texas, United States.
Is Preczn a funded company?
Preczn is a funded company, having raised a total of $6.8M across 1 funding round to date. The company's 1st funding round was a Series A of $6.8M, raised on Oct 24, 2023.
What does Preczn do?
API-enabled payments orchestration for vertical SaaS platforms with payment routing. Provides solution to onboard customers to multiple vendors, PCI compliant, customize all forms of payments, and more.
Who are the top competitors of Preczn?
Preczn's top competitors include Akoya, ProcessOut and BankCheck.
What products or services does Preczn offer?
Preczn offers Preczn Vault, Merchant Onboarding, and Revenue Management.
Who are Preczn's investors?
Preczn has 7 investors. Key investors include Flyover Capital, Blank Ventures, Grand Ventures, Gilgamesh, and SaaS Ventures.