# MagicCube

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

- Industry: IT Security/Cybersecurity
- Headquarters: Santa Clara, US
- Website: www.magiccube.co
- Total disclosed funding: $21M
- Latest round: Series C (Jan 12, 2026)
- Investors on record: 10

## About

MagicCube, Inc. is an innovative technology company focused on revolutionizing payment acceptance through its software-based i-Accept™ platform, enabling secure and cost-effective transactions via mobile devices.Founded in 2014 in Santa Clara, US, MagicCube, Inc. specializes in mobile payment solutions. The founders, Nancy Zayed and Sam Shawki, have experience in technology startups. In January 2026, MagicCube, Inc. raised USD 10 million in venture funding from VeriFone, Inc., BOLD Capital Partners, Mosaik Partners, and ID Tech. MagicCube's primary offering is the i-Accept™ platform, a groundbreaking software-based solution that enables secure payment acceptance on modern mobile devices without the need for traditional hardware terminals. This innovative product allows any smartphone or tablet to function as a point-of-sale (POS) device, equipped to handle PIN transactions and biometric verifications. The i-Accept platform is designed to address the growing need for cost-effective, scalable payment solutions for a range of end users, including merchants of all sizes, from micro-businesses to large retailers. By eliminating the reliance on expensive payment terminals, i-Accept promotes enhanced operational efficiency and compliance with evolving cybersecurity standards. This solution is marketed in various regions, focusing on North America, Europe, and parts of Asia, where there is a significant demand for agile payment processing systems.MagicCube generates revenue through a B2B model, particularly targeting acquirers and merchants interested in adopting its i-Accept™ platform. The company typically engages clients through subscription-based pricing plans, where businesses can access the i-Accept software via an app that they can deploy on their mobile devices. In this transaction structure, clients pay a fee to utilize the software, which integrates seamlessly with their existing backend systems, allowing for real-time payment processing. This model enhances the value proposition for retailers, as they significantly reduce hardware-related costs while increasing profit margins. The flagship i-Accept solution positions MagicCube favorably against competitors still reliant on traditional hardware, enabling the company to capture a growing market of retailers seeking efficient, cost-effective payment solutions.

## Funding rounds

- Series C, Jan 12, 2026, $10M — VeriFone, Inc., Mosaik Partners, BOLD Capital Partners, ID TECH
- Series B, May 28, 2020 — Sony Innovation Fund
- Series A, Aug 8, 2017, $8.5M — EPIC Ventures, Silicon Valley Bank, Social Starts, BOLD Capital Partners
- Seed, Aug 27, 2015, $2.2M — EPIC Ventures, Azure Capital Partners, Bialla Venture Partners

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed, Series A
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Seed
- Bialla Venture Partners (https://capitalatlas.ai/funds/bialla-venture-partners) — Seed
- Silicon Valley Bank — Series A
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Series A
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series A, Series C
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series B
- VeriFone, Inc. — Series C
- Mosaik Partners (https://capitalatlas.ai/funds/mosaik-partners) — Series C
- ID TECH — Series C