About Rooam
Rooam is a Financial Services company based in Washington (United States) founded in 2015, and was acquired by American Express in June 2024. Mobile app for dining search, ordering, and payments is provided. Rooam has raised $3.3 million across 2 funding rounds from investors including American Express. Rooam has completed 1 acquisition, including Tally Drinks. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments.
Company details
Rooam was founded in 2015 as a platform in the mobile payments sector focused on dining experiences. Users are enabled to search for options, place orders, and complete payments through the app. Instant checkout features are included to avoid waiting lines for bar tabs. Integration with major POS systems is supported via a PCI-compliant framework. The app is made available on both Android and iOS devices.
- Headquarters Washington, United States
- Stage Acquired
- SectorsFinancial Services
- Website rooam.co
- Social LinkedIn X
- Acquired by American Express (Jun 2024)
- Total Equity Funding$3.3M (USD)
in 2 rounds
- Latest Funding Round$2.1M (USD), Seed
Jul 2017
- Investors
- Investments & Acquisitions
- Acquired byAmerican Express
(Jun 2024)
Funding Insights of Rooam
Rooam has successfully raised a total of $3.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.1 million completed in July 2017. 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 $3.3M
- Total Rounds 2
- Last Round Seed — $2.1M
- First Round $1.2M
(Apr 2016)
All 2 funding rounds of Rooam 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 |
|---|---|---|---|---|---|
| Jul 2017 | $2.1M | Seed | – | – | – |
| Apr 2016 | $1.2M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Rooam
Rooam has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include American Express.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial products for individuals and businesses are compared online. | 1850 | americanexpress.com | New York, United States |
Investor details for Rooam
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People of Rooam
5 people are tracked at Rooam (5 in leadership).
| Name | Role | Group |
|---|---|---|
Cj Babb | Director Of Strategy | Sr. Manager, Business Development - American Express Global Dining | Leadership |
Junaid Shams | CEO, Co-Founder | Leadership |
Mark M. | Director of Customer Success | Leadership |
Edward Thring | Creative Director | Leadership |
Mike Johnson | Head of Strategic Partnerships & West Coast Sales | Leadership |
Complete people profiles for Rooam
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Investments & Acquisitions by Rooam
Rooam has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tally Drinks.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile application for payments at pubs and bars | tallydrinks.com | Chicago, United States | 2015 | Oct 2018 | •••• |
Complete acquisition details for Rooam
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- Acquired stakes
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- Exports
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Timeline of Rooam
5 dated milestones of Rooam across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Rooam is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Seed, of $2.1M.
- Acquisition Acquires Tally Drinks.
- Exit Acquired by American Express.
Web traffic of Rooam
The website of Rooam (rooam.co) receives about 6.5K visits a month.
- Monthly visits6.5K
▲ 754.5% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Rooam (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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Related news about Rooam
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Frequently Asked Questions about Rooam
Rooam was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Rooam is headquartered in Washington, United States. It is registered at Washington, District Of Columbia, United States.
Rooam is a funded company, having raised a total of $3.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Apr 2016.
Rooam was founded in 2015 as a platform in the mobile payments sector focused on dining experiences. Users are enabled to search for options, place orders, and complete payments through the app. Instant checkout features are included to avoid waiting lines for bar tabs. Integration with major POS systems is supported via a PCI-compliant framework. The app is made available on both Android and iOS devices.
Rooam has made 1 acquisition, including Tally Drinks.
Rooam has 1 investor. Key investors include American Express.
Yes. Rooam was acquired by American Express in June 2024.