CardFlight raises $4.2M in Series A

What does CardFlight do?

CardFlight, is a leader in mobile point of sale technology. It enables app developers in easily incorporating card present payment acceptance into mobile apps. The company empowers app developers in easily taking in person payments within their own Android and iOS apps. The company’s open platform connects mobile app developers with payment processors, focusing on more than 90% credit payments which take place in real life. Developers use the company’s encrypted mag stripe reader and API/SDK so that they can securely and easily accept card present payments in their apps, with support for any merchant account or payment processor. The company’s clients retain complete control of their integrated app experience without having to deal with the typical difficulties of payment integrations.

How much CardFlight was funded?

CardFlight raised $4.2M in Series A fund on October 8, 2015 from Math Venture Partners and ff Venture Capital

Previous funding

$1.6M in Seed round on October 2, 2013 from Great Oaks Venture Capital, Payment Ventures, ff Venture Capital, Atlas Venture, Apostolos Apostolakis, Entrepreneurs Roundtable Accelerator, Plug & Play Ventures and Michael Liou

$750k in Debt Financing on September 24, 2014

What is next for CardFlight?

The latest funding will help the company in continuing to grow its engineering team and accelerating the rollout of their EMV-approved mobile payment acceptance solutions in the USA. The funding will be used for continuing to bring best in class mobile paymnt solutions to the market. The latest round of funding further validates the company’s leadership in mobile payments and will help the company is rolling out even more advanced solutions in the coming months and years.

More about CardFlight

CardFlight was founded on February 1, 2013 by Tim Saunders and Derek Webster. It has its headquarters in New York, NY. The company is the first and only mobile soutions provider to process EMV chip card, payments in USA.