Craftgate
One-stop Shop Payment Orchestration.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
* | $1.0m Valuation: $10.0m | Seed | |
| Total Funding | 000k | ||
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Craftgate operates as a 'one-stop-shop' payment orchestration platform, enabling businesses to integrate and manage virtual point-of-sale (POS) systems from numerous banks and payment institutions through a single interface. The company was established in February 2021 by Hakan Erdoğan, who brought extensive experience from his previous role as CEO of iyzico, a prominent Turkish payment provider that was acquired by PayU. This background in payment systems has been foundational to Craftgate's development, aiming to provide a secure and scalable infrastructure for its clients.
The firm primarily targets e-retail and marketplace merchants that handle online payments and collaborate with multiple financial institutions. Its business model centers on providing a suite of value-added services that allow clients to streamline their payment processes, thereby reducing operational costs and allowing them to focus on core business growth. Revenue is likely generated through fees associated with the transactions processed and subscriptions to its platform's features.
Craftgate's core offering is a platform designed to simplify the complexity of managing diverse payment methods. Key features include smart and dynamic payment routing, which directs transactions to the most suitable processor based on predefined rules, and a card storage solution for one-click and recurring payments. The platform also includes a 'closed-loop wallet' system, the ability to generate payment links and QR codes, and specialized solutions for online marketplaces. For businesses with international ambitions, Craftgate supports multicurrency transactions and various international and alternative payment methods. A comprehensive merchant control panel and proactive monitoring tools provide businesses with detailed oversight and security for their payment operations.
Keywords: payment orchestration, virtual POS, e-retail payments, marketplace solutions, fintech, payment gateway, online payments, dynamic routing, recurring payments, multicurrency