# Flint Mobile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flint-mobile

- Industry: Financial Services
- Headquarters: Redwood City, US
- Website: www.flint.com
- Total disclosed funding: $20M
- Latest round: Series C (Jul 11, 2014)
- Investors on record: 6

## About

Flint Mobile provides mobile payment solutions, enabling businesses to accept card payments conveniently through smartphones without requiring additional hardware. Their technology simplifies transactions for merchants and enhances customer experiences.Founded in 2011 and headquartered in Redwood City, US, Flint Mobile specializes in mobile payment processing. The company raised USD 9.4 mn in a Series C funding round on July 11, 2014, led by Verizon Ventures, with participation from other investors such as Digicel Group, Peninsula Ventures, Storm Ventures, and True Ventures. Flint Mobile has engaged in five investment deals throughout its history.Flint Mobile specializes in mobile payment technology that allows businesses to accept card payments through smartphones. Their software is designed to streamline payment processes, enhance customer experiences, and cater particularly to small and medium-sized enterprises across various sectors, including retail and services. The applications have been effectively released in key markets such as North America, Europe, and Asia-Pacific, allowing business professionals to improve transaction efficiency.Flint Mobile's revenue comes from a subscription-based service model, where clients engage in monthly or annual subscription plans for accessing their mobile payment processing software. This model also incorporates direct sales of software licenses, facilitating both B2B and consumer transactions through partnerships with distributors. Financial structures are designed to be flexible, accommodating businesses of varying sizes and operational scales.Following their most recent funding round in July 2014, Flint Mobile plans to utilize the USD 9.4 mn raised to expand its product offerings and strengthen its market position. The company is focused on developing new mobile payment solutions aimed at enhancing user experience and will be targeting expansion into new geographical markets, specifically looking to enhance their presence in Asia-Pacific by the end of 2015.

## Funding rounds

- Series C, Jul 11, 2014, $9.4M — Storm Ventures, Peninsula Ventures, True Ventures, Digicel Group, Verizon Ventures
- Series B, Dec 10, 2013, $2M — Verizon Ventures
- Series B, Jul 23, 2013, $6M — Storm Ventures, True Ventures, Digicel Group, Thrive
- Series A, May 9, 2012, $3M — Storm Ventures, True Ventures

## Investors

- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A, Series B, Series C
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B, Series C
- Digicel Group — Series B, Series C
- Thrive (https://capitalatlas.ai/funds/thrive) — Series B
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series B, Series C
- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series C