About Swifter
Swifter is a company based in Austin (United States) founded in 2020 was acquired by TREEZ in November 2022.. Swifter has raised $150 thousand across 1 funding round from investors including TREEZ and Y Combinator. Swifter operates in a competitive market with competitors including POSaBIT, Green Check Verified, Spendr, PayQwick and Alt Thirty Six, among others.
- Headquarter Austin, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $150,000
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First Round
First Round
(17 Mar 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2020 | Amount | Seed - Swifter | Valuation |
investors |
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Swifter
Swifter has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TREEZ and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Enterprise software is provided for cannabis dispensary management.
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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 Swifter
| 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 - Swifter
| 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 |
Swifter Comparisons
Competitors of Swifter
Swifter 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 POSaBIT, Green Check Verified, Spendr, PayQwick and Alt Thirty Six, 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 |
POS software and hardware are provided for cannabis retailers.
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| domain | founded_year | HQ Location |
Cloud-based regulatory compliance is provided for the legal cannabis industry.
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| domain | founded_year | HQ Location |
Online payments for cannabis transactions are enabled by Spendr.
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| domain | founded_year | HQ Location |
A B2B payment platform is provided for the cannabis industry.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to the cannabis industry.
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| domain | founded_year | HQ Location |
Offers secure compliant payment solutions for cannabis dispensaries and services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Swifter
Frequently Asked Questions about Swifter
When was Swifter founded?
Swifter was founded in 2020.
Where is Swifter located?
Swifter is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Swifter a funded company?
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 17, 2020.
What does Swifter do?
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.
Who are the top competitors of Swifter?
Swifter's top competitors include POSaBIT, Green Check Verified and Spendr.
Who are Swifter's investors?
Swifter has 2 investors. Key investors include TREEZ, and Y Combinator.