# CardFlight

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardflight

- Industry: Software
- Headquarters: New York, US
- Website: www.cardflight.com
- Total disclosed funding: $5.9M
- Latest round: Series A (Oct 8, 2015)
- Investors on record: 7

## About

CardFlight, Inc., based in New York, offers innovative payment acceptance solutions that empower small businesses to securely and efficiently process transactions via mobile devices.Founded in 2013 in New York, CardFlight, Inc. provides payment solutions tailored for small businesses. The company has remained focused on secure payment processing without any noted pivots or changes in operations. Led by CEO and Founder Derek Webster, who has experience in founding other ventures, CardFlight raised USD 4.20 mn in a Series A round on October 22, 2024, with investments from notable firms such as Entrepreneurs Roundtable Accelerator and Silicon Valley Bank. The total amount raised by CardFlight to date is USD 4.20 mn through 4 deals.CardFlight specializes in payment acceptance solutions specifically designed for small businesses, which include its flagship app that enables payment processing through mobile devices. By utilizing card readers compatible with point-of-sale systems, CardFlight addresses challenges faced by small enterprises, such as reliable payment processing and customer service enhancement. Their offerings cater to various end-users including retail shops, service providers, and restaurants, primarily in the United States and Canada, allowing small to medium-sized enterprises to optimize payment processes while ensuring compliance and data security.CardFlight generates revenue through a transaction-based model primarily involving service fees from payment processing. This includes a subscription-based pricing strategy with tiered plans based on transaction volumes. The company partners with hardware manufacturers and integrates with existing payment platforms, charging businesses a fixed percentage fee per transaction along with potential monthly fees for premium features. Advanced analytics tools are incorporated into their offerings, providing clients with insights to refine their payment experiences, further enhancing revenue opportunities.In October 2024, CardFlight, Inc. secured growth funding from WestView Capital Partners, which will be utilized to support product development and market expansion across the United States. The company is actively designing new products aimed at enhancing transaction capabilities and improving client services, with plans to expand into additional geographic markets by the end of 2025.

## Funding rounds

- Series A, Oct 8, 2015, $4.2M — Silicon Valley Bank, ff Venture Capital, Plug and Play, Great Oaks Venture Capital, Entrepreneurs Roundtable Accelerator, Math Venture Partners
- Seed, Oct 2, 2013, $1.7M — ff Venture Capital, Plug and Play, Great Oaks Venture Capital, Payment Ventures, Entrepreneurs Roundtable Accelerator

## Investors

- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed, Series A
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Seed, Series A
- Payment Ventures (https://capitalatlas.ai/funds/payment-ventures) — Seed
- Entrepreneurs Roundtable Accelerator (https://capitalatlas.ai/funds/entrepreneurs-roundtable-accelerator) — Seed, Series A
- Silicon Valley Bank — Series A
- Math Venture Partners (https://capitalatlas.ai/funds/math-venture-partners) — Series A