CardFlight
CardFlight is a SaaS company offering mobile payments technology and mPOS solutions, including card readers and software, to enterprises.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
| USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (27 %) | 79 % | - | - | - | 38 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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CardFlight was founded by Derek Webster and Tim Saunders with a vision to revolutionize the payment technology landscape. The company emerged as a leader in mobile point-of-sale solutions, catering to merchant service providers, banks, and independent sales organizations.
CardFlight's journey began with the development of a Software Development Kit (SDK) that enabled businesses to process in-person credit card payments through mobile apps. This innovation laid the foundation for their flagship product, SwipeSimple, which became a popular choice among small businesses for its ease of use and reliability.
Over the years, CardFlight successfully raised $9.3 million in funding, which fueled its growth and expansion. The company attracted investments from notable venture capital firms, including Atlas Venture and SVB, allowing it to enhance its product offerings and expand its market reach.
CardFlight's commitment to providing seamless payment solutions paid off as it grew to serve over 65,000 customers, generating significant revenue and establishing itself as a key player in the payment technology industry. The company's success is a testament to the vision and leadership of its founders, Derek Webster and Tim Saunders, who continue to drive innovation in the ever-evolving world of digital payments.