SensePass

Based in Tel Aviv, Israel, SensePass was founded in 2017 by Moty Arcuschin (CEO), Chen Cohen (COO), and Nir Alperovich (CTO). The founding team possesses a complementary blend of experience in fintech, banking technology, and security. Arcuschin is an IT industry executive with over two decades in fintech and online industries. Cohen brings 15 years of experience from banking technology, notably as the former head of 'Bit' at Bank Hapoalim, and previously served in the IAF Technology Unit. Alperovich has 20 years of programming and security expertise, having consulted for multiple banks. The founders' shared history, with Arcuschin and Cohen serving together in the Israel Air Force technology unit and Cohen and Alperovich collaborating on the launch of the 'Bit' eWallet, forms a strong foundation for their venture into revolutionizing the payments space.

SensePass operates as a financial technology firm, providing an omnichannel payment gateway that aims to bridge the gap between online and in-store payment ecosystems. The company targets retailers and businesses of all sizes, from brick-and-mortar stores to call centers and subscription-based services, who are seeking to expand their payment acceptance capabilities beyond traditional cash and credit cards. Its business model centers on providing a hardware and software-agnostic platform, which reduces costs for merchants by integrating with their existing mobile Point of Sale (mPOS) systems. By enabling a vast array of payment options, SensePass helps retailers increase conversion rates and average ticket sizes while reducing transaction fees.

The core of SensePass's offering is a payment network that allows merchants to accept over 100 different payment methods, including digital wallets like PayPal, Venmo, and Apple Pay, Buy Now, Pay Later (BNPL) services such as Klarna and Afterpay, cryptocurrencies, and direct bank transfers. For in-store transactions, the company provides a simple device, like a sticker tag or pad, that pairs with the retailer's POS system. Customers can simply tap their phone on the device to initiate payment through their phone's web browser, eliminating the need for any app downloads. The platform also supports pay-by-link transactions for call centers and manages recurring payments for subscription services. This seamless integration provides customers with greater payment flexibility and enhances the overall checkout experience, while merchants benefit from detailed sales data and a streamlined, lower-cost payment infrastructure.

Keywords: omnichannel payments, payment gateway, fintech, contactless payments, digital wallet, point of sale, mPOS, buy now pay later, alternative payments, retail technology