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CardFlight: Mobile point-of-sale payment technology provider offering SwipeSimple for small businesses to accept in-person payments on devices.
Based in New York City, CardFlight develops mobile point-of-sale payment technology and software solutions that enable small businesses to accept credit card, contactless, and in-person transactions across various devices. Rather than selling directly to merchants, the enterprise distributes its primary product suite, which includes the SwipeSimple application and associated hardware card readers, through a business-to-business channel. This distribution network consists of partnerships with more than 80 merchant acquirers, banks, and independent sales organizations. Through these strategic institutional partnerships, the payment platform has scaled its operations to serve a user base of approximately 80,000 small businesses operating throughout the United States. CardFlight has provided essential payment processing infrastructure for several notable early corporate customers, including recognizable consumer brands such as Indochino, Peloton, and Reformation. The financial technology company was founded in 2013 by Derek Webster.
CardFlight has raised $6.0M across 2 funding rounds.
CardFlight has raised $6.0M in total across 2 funding rounds.
CardFlight is a SaaS fintech company providing payment acceptance solutions tailored for small businesses and nonprofits across the US. Its flagship product, SwipeSimple, enables seamless credit card processing on mobile devices, in-store, or via web, serving over 125,000 merchants in all 50 states and 350+ business verticals through partners like financial institutions and merchant service providers.[1][2][3][5]
SwipeSimple addresses key pain points for small businesses by offering simple, reliable tools that save time, reduce costs, and provide business insights via a dashboard, allowing owners to focus on growth rather than complex payments.[2][3][5] The company demonstrates strong growth momentum, expanding from early mobile solutions to comprehensive platforms, with recent milestones like serving 125,000 businesses after a robust 2022 and ongoing hiring for innovation.[3][4]
Founded in 2013 in New York City by Derek Webster (current CEO), CardFlight emerged from identifying a gap in mobile payments as mobile businesses grew but options were scarce and cumbersome.[1][2] The team, including payment-industry professionals, technical experts, fintech entrepreneurs, and sales leaders, started with a Software Developer Kit that evolved into the full SwipeSimple platform.[2]
Early traction came from first-to-market innovations like EMV Quick Chip deployment and customer-driven enhancements for iOS, Android, and web apps. This problem-solving approach propelled growth, now supporting 125,000 merchants with expanding hardware and features for diverse settings.[2][3]
CardFlight rides the digital payments democratization trend, simplifying acceptance for small businesses amid rising mobile commerce and contactless demands post-EMV mandates.[2] Timing aligns with small merchants' shift from legacy systems to agile SaaS, fueled by market forces like e-commerce growth, remote sales, and chargeback pressures in digital payments.[2][7]
By empowering local nonprofits and community-focused businesses with affordable, reliable tools, CardFlight influences the ecosystem through partner networks, reducing barriers for underserved segments and enabling scale without heavy infrastructure.[3][5] This supports broader fintech shifts toward inclusive, user-centric platforms amid global payment modernization.[1][7]
CardFlight's trajectory points to continued expansion, leveraging its 125,000-merchant base and hiring push to integrate emerging tech like advanced tokenization or AI-driven insights amid rising digital transaction volumes.[3][7] Trends such as chargeback surges (projected 324 million globally by 2028) and bank-led on-chain innovations will favor its reliable, partner-friendly model, potentially growing partnerships and direct sales.[7]
As small business fintech matures, CardFlight could evolve influence by deepening embedded payments or international reach, solidifying its role in making payments "easy to love" for growth-focused merchants—echoing its founding mission to fix mobile gaps with enduring simplicity.[2][5]
CardFlight has raised $6.0M in total across 2 funding rounds.
CardFlight's investors include Dan Henry, Troy Henikoff, 7BC Venture Capital, ff Venture Capital, Grand Ventures, Great Oaks Venture Capital, Robin Li, Rubicon VC, Teamworthy Ventures, Apostolos Apostolakis, Mark O'Connell, Stuart Harvey.
CardFlight has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Series A in October 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2015 | $4.0M Series A | Dan Henry, Troy Henikoff | 7BC Venture Capital, ff Venture Capital, Grand Ventures, Great Oaks Venture Capital, Robin Li, Rubicon VC, Teamworthy Ventures, Apostolos Apostolakis, Mark O'Connell, Stuart Harvey, Entrepreneurs Roundtable Accelerator, Great Oaks Venture Capital, Plug and Play Ventures, Silicon Valley Bank |
| Oct 1, 2013 | $2.0M Seed | ff Venture Capital | 7BC Venture Capital, Grand Ventures, Great Oaks Venture Capital, Robin Li, Rubicon VC, Teamworthy Ventures, VentureFriends, Apostolos Apostolakis, Entrepreneurs Roundtable Accelerator, Great Oaks Venture Capital, Payment Ventures, Plug and Play Ventures |