About TruBeacon
TruBeacon is a Financial Services company based in Englewood Cliffs (United States) founded in 2014, and was acquired by First Data in February 2016. Payment processing solutions are offered for businesses via POS terminals. TruBeacon has raised $1 million across 1 funding round from investors including Fiserv. The company was acqui-hired. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Flutterwave, Square and Modern Treasury; 3 of its 3 listed competitors have raised funding.
Company details
TruBeacon was founded in 2014 and is headquartered in Englewood Cliffs, United States. Operations focus on the fintech sector, delivering payment processing solutions tailored for businesses, white-label platforms, and credit unions. POS terminals are integrated with a proprietary app to enable unified sales management. White-label services allow QR code-based payments through consumer apps. Community institution apps are provided for payment oversight.
- Headquarters Englewood Cliffs, United States
- Stage Acquired
- SectorsFinancial Services
- Website trubeacon.com
- Social LinkedIn X
- Acquired by First Data (Feb 2016)
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Series A
Jun 2014
- Investors
- Acquired byFirst Data
(Feb 2016)
Funding Insights of TruBeacon
TruBeacon has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Series A round of $1 million completed in June 2014. 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 $1M
- Total Rounds 1
- Last Round Series A — $1M
- First Round $1M
(Jun 2014)
All 1 funding rounds of TruBeacon 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 |
|---|---|---|---|---|---|
| Jun 2014 | $1M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in TruBeacon
TruBeacon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Fiserv.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment processing and electronic commerce services are offered worldwide. | 1971 | firstdata.com | Atlanta, United States |
Investor details for TruBeacon
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Timeline of TruBeacon
3 dated milestones of TruBeacon across 2 years, from founding to its latest funding, stage changes and deals.
- Founded TruBeacon is founded.
- Funding First funding round of $1.0M.
- Exit Acquired by First Data.
Competitors of TruBeacon
TruBeacon has 3 listed competitors in our database, 3 of them funded. They include Flutterwave, Square and Modern Treasury.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | Provider of payment processing solutions for businesses | ||
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| moderntreasury.com | 2018 | San Francisco, United States | $183.15M | 77 | Payment processing and treasury management solutions are offered to businesses. |
Detailed competitors of TruBeacon
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as TruBeacon (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 Trubeacon
Complete news archive for TruBeacon
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Frequently Asked Questions about TruBeacon
TruBeacon was founded in 2014.
TruBeacon is headquartered in Englewood Cliffs, United States. It is registered at Englewood Cliffs, New Jersey, United States.
TruBeacon is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Series A of $1M, raised on Jun 2014.
TruBeacon was founded in 2014 and is headquartered in Englewood Cliffs, United States. Operations focus on the fintech sector, delivering payment processing solutions tailored for businesses, white-label platforms, and credit unions. POS terminals are integrated with a proprietary app to enable unified sales management. White-label services allow QR code-based payments through consumer apps. Community institution apps are provided for payment oversight.
TruBeacon's top competitors include Flutterwave, Square and Modern Treasury.
TruBeacon has 1 investor. Key investors include Fiserv.
Yes. TruBeacon was acquired by First Data in February 2016.