# Corduro

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

- Industry: Software
- Headquarters: Southlake, US
- Website: www.corduro.com
- Latest round: Series A (May 1, 2010)
- Investors on record: 1

## About

Corduro is a payment processing solutions provider, delivering tailored services for businesses such as retail and restaurants, enhancing transaction efficiency through innovative technology and operational flexibility.Founded in 2008 by Robert Cearley and Robert Ziegler, Corduro operates out of Southlake, US, focusing on payment processing solutions. The company closed its Series A financing from Google Ventures in May 2010, with only one deal recorded since inception.Corduro® specializes in providing a comprehensive suite of payment processing solutions tailored to meet the needs of various businesses, including retail, restaurants, and agencies. Their core offerings encompass stand-alone terminals, POS systems, mobile card readers, and web checkout solutions, augmented by APIs and IVR payments for improved operational flexibility. These products facilitate seamless transaction processing, enabling clients to efficiently handle credit card and check transactions while ensuring compliance with PCI standards. Corduro’s unique data access promotes integration for developers and agencies, enhancing capabilities for end users across North America.Corduro® generates revenue through transaction-based fees associated with its payment processing services. Clients utilizing their systems incur a fee of 0.5% plus 10¢ per transaction for essential services, while those opting for enhanced features like custom branding pay 0.2% plus 20¢ per transaction. This structure applies to a wide range of clients, effectively serving both B2B and direct-to-consumer markets, without imposing merchant account fees or pass-through charges.Corduro plans to leverage funding secured during its Series A round in May 2010 to enhance its product offerings and expand its market reach. The company is developing new payment processing solutions aimed at further efficiency and is considering geographic expansion into additional North American regions, targeting rollout by 2025. Recent funding will support these initiatives, ensuring that Corduro can meet the evolving needs of its diverse client base.

## Funding rounds

- Series A, May 1, 2010 — GV

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Series A