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Contactless payment platform for wearable device manufacturers, streamlining NFC-based payment capabilities and tokenization.
Based in San Francisco, California, Fit Pay provides a business to business contactless payment platform that enables wearable device manufacturers to seamlessly integrate near field communication payment capabilities into their hardware products. The company utilizes card network tokenization and a proprietary Trusted Payment Manager system to allow consumers to execute secure retail point of sale transactions directly from smartwatches and other connected wearable accessories. Fit Pay has developed specialized payment smartstraps for device makers like Pebble and completed the financial technology accelerator program hosted by Plug and Play Tech Center. The enterprise secured $3.1 million in seed funding led by Giesecke and Devrient, and previously won a $50,000 wearable financial technology startup challenge sponsored by Comerica Bank. Fit Pay was officially founded in the year 2015 by financial technology executives Michael Orlando, Scott Stevelinck, and Chris Orlando.
Fit Pay has raised $3.1M across 1 funding round.
Fit Pay has raised $3.1M in total across 1 funding round.
Fit Pay has raised $3.1M in total across 1 funding round.
Fit Pay's investors include Giesecke+Devrient, Plug and Play Ventures.
Fit Pay has raised $3.1M across 1 funding round. Most recently, it raised $3.1M Seed in February 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 4, 2016 | $3.1M Seed | Giesecke+Devrient | Plug and Play Ventures |