QuickPenny

QuickPenny is a payment application offering a convenient and rewarding way for customers to make purchases directly from their bank accounts. By enabling customers to pay merchants at the point of sale with their bank accounts, the platform bypasses traditional debit and credit card networks, resulting in significantly reduced transaction fees for merchants. This reduction in fees allows merchants to either increase their profits or pass savings onto their customers. The company's platform comprises two mobile apps - the merchant app, which generates a QR code for transactions and facilitates easy menu integration and sales tax calculation, and the consumer app, which scans the QR code for quick and secure payments via ACH debit transactions. QuickPenny stands out due to its commitment to lower fees, absence of equipment rentals, automatic sales tax calculation, facilitation of merchant rewards, and a streamlined process for refunds and dispute resolutions. Founded in 2021, the company operates in the Financial Services, Fintech, and Information Technology sectors. Notably, there is no information available regarding the company's headquarters, last investment, or last investment investors.