# FreedomPay

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

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.freedompay.com
- Total disclosed funding: $31M
- Latest round: Series E (Dec 10, 2015)
- Investors on record: 7

## About

FreedomPay, Inc. is a US-based company that specializes in providing advanced payment processing solutions to enhance transaction experiences across various industries, including retail, hospitality, and e-commerce.Founded in 2000 in Philadelphia, US, FreedomPay, Inc. operates as a payment technology provider. The company was founded by Tom Durovsik, who has a history of previous entrepreneurial ventures. FreedomPay completed a Series E funding round in October 2018, raising USD 5.60 mn from BlueRun Ventures, bringing the total amount raised to USD 5.60 mn and the current company valuation to USD 293.106 mn. The company has been involved in a total of 9 deals, with its most recent being on 2018-10-09.FreedomPay specializes in providing a sophisticated payment platform designed to enhance the transaction experience across various industries. Their core offerings include a comprehensive suite of payment processing solutions that facilitate secure and seamless transactions for businesses in retail, hospitality, and e-commerce sectors. The platform supports multiple payment methods, including credit and debit cards, mobile wallets, and alternative payment options, effectively addressing the diverse needs of merchants and consumers alike. FreedomPay aims to optimize transaction speed and security, addressing the challenges of fraud and inefficiencies in payment processing. The company serves a wide range of clients, including large enterprises and small businesses, across North America, Europe, and Asia-Pacific, ensuring that its solutions are tailored to meet the specific demands of these varied geographical markets.The revenue structure of FreedomPay is primarily derived from transactional fees associated with its payment processing services, which are charged to merchants based on the volume of transactions processed. The company typically engages in B2B partnerships, where it collaborates with retailers and other businesses to provide its technology solutions. Clients benefit from a tiered pricing model, which may include subscription plans for access to advanced features and analytics, in addition to transaction-based fees. Flagship services, such as FreedomPay's secure payment gateway and integrated point-of-sale solutions, play a significant role in the company's revenue generation. These services enable clients to efficiently manage their payment processes while enhancing customer experience, thereby solidifying FreedomPay's position as a key player in the payment solutions market.FreedomPay plans to leverage recent funding for further product development, aiming to launch new solutions that enhance payment security and streamline transaction processes. The company is also targeting expansion into new markets, including Europe and Asia-Pacific by 2025, to increase its global footprint. The latest funding round, completed in October 2018, will support these initiatives, allowing FreedomPay to invest in technological advancements and market entry strategies.

## Funding rounds

- Series E, Dec 10, 2015, $5.6M — BlueRun Ventures
- Series D, Sep 22, 2008, $2.2M — BlueRun Ventures, Core Capital Partners, Goldman Sachs Asset Management, Clarium Capital
- Series D, Mar 23, 2007, $6M — BlueRun Ventures, Core Capital Partners, Goldman Sachs Asset Management, SunAmerica Ventures
- Series D, May 11, 2004, $7M — BlueRun Ventures, Clarion Capital Partners, Goldman Sachs Asset Management
- Series C, Aug 27, 2003, $2.7M — BlueRun Ventures, Core Capital Partners, Goldman Sachs Asset Management
- Series B, Jan 3, 2002, $2M — BlueRun Ventures, NGP Capital, SunAmerica Ventures
- Series B, Jan 14, 2001, $6M — BlueRun Ventures, NGP Capital, SunAmerica Ventures

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series B, Series C, Series D, Series E
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B
- SunAmerica Ventures — Series B, Series D
- Core Capital Partners — Series C, Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C, Series D
- Clarion Capital Partners (https://capitalatlas.ai/funds/clarion-capital-partners) — Series D
- Clarium Capital — Series D