# FeeFighters

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

- Industry: Business Support Services
- Headquarters: Chicago, US
- Website: www.feefighters.com
- Total disclosed funding: $2.1M
- Latest round: Series A (Jan 13, 2011)
- Investors on record: 6

## About

FeeFighters is a Chicago-based company focused on helping small and medium-sized businesses reduce credit card processing fees through tailored payment solutions and effective negotiation strategies with payment processors.FeeFighters provides innovative solutions for minimizing credit card processing costs. Founded in Chicago, US, the company was acquired by Groupon Inc. in March 2012, though financial details were not disclosed. The firm has completed 5 deals to date, with its latest funding round being a Series A, amounting to USD 1.60 mn, led by Sandbox Industries. The company has raised a total of USD 1.60 mn across its funding rounds.FeeFighters specializes in reducing credit card processing fees for small and medium-sized businesses by providing tailored payment solutions. Their primary service involves analyzing existing payment structures and negotiating more favorable rates with payment processors, significantly decreasing the percentage of fees businesses incur. They serve a diverse client base across various sectors, including retail and e-commerce, with notable clients such as 1-800-GOT-JUNK and Wedding Favors Unlimited.FeeFighters generates revenue through a performance-based model, charging clients based on the savings achieved from its negotiations with payment processors. This ensures that they only earn revenue when they successfully lower payment processing expenses, aligning their interests with those of their clients and fostering long-term relationships. Their flagship service revolves around negotiating credit card processing rates, enabling clients to optimize cash flow.FeeFighters aims to expand its service offerings and enter new markets in the upcoming years. The recent Series A funding will be utilized to develop new products designed to enhance payment processing solutions, with planned launches expected by late 2013. Moreover, FeeFighters plans to extend its operations beyond the United States, targeting new regions and markets to further support local businesses as they navigate payment processing challenges.

## Funding rounds

- Series A, Jan 13, 2011, $1.6M — Hyde Park Capital Partners, OCA Ventures, Sandbox Industries, Arizona Bay, 500 Global, I2A Fund
- Seed, Aug 9, 2010, $0.5M — Hyde Park Capital Partners, 500 Global

## Investors

- Hyde Park Capital Partners — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Series A
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series A
- Arizona Bay (https://capitalatlas.ai/funds/arizona-bay) — Series A
- I2A Fund (https://capitalatlas.ai/funds/i2a-fund) — Series A