About Swifter
Swifter is a Financial Services company based in Austin (United States) founded in 2020, and was acquired by TREEZ in November 2022. Swifter has raised $150 thousand across 1 funding round from investors including TREEZ and Y Combinator. Its focus areas include FinTech, Payments, Business Payments and Industry Specific. Its competitors include POSaBIT, Green Check Verified and Spendr; 3 of its 3 listed competitors have raised funding.
Company details
Online payment solutions for cannabis businesses. It offers a suite of payments solutions tailored to the needs of the cannabis industry. It offers solutions like a standalone dispensary, MSO, or a marketplace, swifter software, and APIs to accept payments, send payouts, and more.
- Headquarters Austin, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website payswifter.com
- Social LinkedIn X
- Acquired by TREEZ (Nov 2022)
Funding Insights of Swifter
Swifter has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in March 2020. 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 $150,000
- Total Rounds 1
- Last Round Seed — $150,000
- First Round $150,000
(Mar 2020)
- Investors Count 1
All 1 funding rounds of Swifter 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 |
|---|---|---|---|---|---|
| Mar 2020 | $150,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Swifter
Swifter has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TREEZ and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Enterprise software is provided for cannabis dispensary management. | 2016 | treez.io | Oakland, United States |
Investor details for Swifter
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Timeline of Swifter
3 dated milestones of Swifter across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Swifter is founded.
- Funding First funding round of $150K.
- Exit Acquired by TREEZ.
Competitors of Swifter
Swifter has 3 listed competitors in our database, 3 of them funded. They include POSaBIT, Green Check Verified and Spendr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| posabit.com | 2015 | Seattle, United States | $6.48M | 34 | POS software and hardware are provided for cannabis retailers. | |
| greencheckverified.com | 2017 | New Haven, United States | $12.6M | 42 | Cloud-based regulatory compliance is provided for the legal cannabis industry. | |
| spendr.com | 2021 | Cincinnati, United States | $2.83M | Online payments for cannabis transactions are enabled by Spendr. |
Detailed competitors of Swifter
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Swifter (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 Swifter
Swifter was founded in 2020.
Swifter is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Swifter is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Mar 2020.
Online payment solutions for cannabis businesses. It offers a suite of payments solutions tailored to the needs of the cannabis industry. It offers solutions like a standalone dispensary, MSO, or a marketplace, swifter software, and APIs to accept payments, send payouts, and more.
Swifter's top competitors include POSaBIT, Green Check Verified and Spendr.
Swifter has 2 investors. Key investors include TREEZ, and Y Combinator.
Yes. Swifter was acquired by TREEZ in November 2022.