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LoopPay logo — company profile

LoopPay

Founded 2012 United States Burlington, United States 2 employees Venture round Total: $13.00M Fintech, Payments +1

General Information

Company Name LoopPay
Founded Year 2012
Location United States Burlington, United States
Employees 2
Industries Fintech, Payments, Retail
Funding Stage Venture round
Social

BounceWatch is an independent company data service, not affiliated with LoopPay. To contact LoopPay, visit looppay.com.

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About LoopPay

LoopPay, founded in 2012 in Boston, MA, has revolutionized the mobile payment industry, offering a solution that enables consumers to make secure mobile payments at over 10 million locations in the U.S. This is made possible through LoopPay's patented Magnetic Secure Transmission™ (MST) technology, which effectively turns existing mag stripe readers into mobile contactless readers, with no additional cost or changes required by the merchants or payment processors. The company offers a range of devices such as the LoopPay Fob, ChargeCase, CardCase, and Card, catering to different customer preferences and lifestyles. One of LoopPay's unique propositions is the ability to store various cards, including payment, gift, loyalty, reward, and IDs, in one place through the LoopPay app, ensuring both convenience and security, with all data being password and PIN-protected. As a Level One PCI Certified Payment Provider, LoopPay encrypts and stores all card track data in secure memory within any device. The company's last investment was a Venture Round on 01 February 2016, with Walnut Venture Associates and Blibros AB participating as the investors. LoopPay operates in the Fintech and Retail industries and is headquartered in the United States. For more information and to purchase LoopPay products, visit www.LoopPay.com.

Business keywords: mobile payments, Magnetic Secure Transmission, contactless payments, payment technology, digital wallets, secure transactions, card storage, consumer convenience, PCI certification, digital security

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 2
Walnut Venture Associates Blibros AB
Walnut Venture Associates, Blibros AB
01 Feb 2016
Series A Undisclosed 3
Samsung NEXT Visa
Samsung NEXT, Visa +1
24 Jul 2014
Debt Financing $3.00M 1
Liebenthal Ventures
Liebenthal Ventures
11 Jul 2014
Series A $10.00M 1
Beta Fund
Beta Fund
13 Dec 2013

LoopPay Alternatives & Competitors

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LoopPay vs
stc pay
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FAQ About LoopPay

Founded in 2012 in Boston, MA, LoopPay is the most widely accepted mobile payment provider, empowering consumers to finally leave their physical wallets at home, today. LoopPay’s patented Magnetic Secure Transmission™ (MST) technology turns existing mag stripe readers into mobile contactless readers...
LoopPay was founded in 2012.
LoopPay is headquartered in Burlington, United States.
LoopPay operates in Fintech, Payments and Retail. Its work centres on mobile payments, Magnetic Secure Transmission, contactless payments and payment technology.
LoopPay has approximately 2 employees.
LoopPay has completed 4 funding rounds, raising a total of $13.00M. The latest funding stage is Venture round.
Top alternatives and competitors to LoopPay include stc pay, Paysafe, MeaWallet, MC Payment, Lydia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
LoopPay and stc pay are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for LoopPay, https://www.bouncewatch.com/company/looppay, updated 24 October 2024. When citing, please name BounceWatch and link this page.

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