PassKit
Latest round
- Series A
Last raised
- Dec 2014
Total raised
- $0.9M
Investors
- 1
About PassKit
PassKit specializes in mobile wallet solutions to improve customer engagement. The company, headquartered in Hong Kong, was co-founded by Nick M and Paul Tomes.PassKit specializes in providing digital solutions that enhance customer engagement through mobile wallet technologies, specifically tailored for Apple Wallet and Google Wallet. The company's core offering includes the creation and management of digital passes, which encompass loyalty cards, membership cards, coupons, event tickets, boarding passes, gift cards, and business cards. These products allow businesses to transition from traditional physical formats to digital alternatives, improving efficiency and reducing costs associated with paper, plastic, and postage.PassKit generates revenue through a pay-as-you-go pricing model, allowing businesses to create and distribute digital passes at minimal costs. Clients are charged per pass created, with specific pricing structures for different types of passes, ensuring affordability and flexibility based on usage. The company's revenue streams include subscriptions for ongoing services and one-time fees for specific pass creations, catering to various business models, including B2B partnerships with retailers and direct-to-consumer sales. For instance, a retailer may use PassKit’s platform to issue digital coupons to customers, resulting in transaction costs that are significantly lower than traditional methods. The company is also exploring expansion into new markets, specifically targeting regions in Europe and Asia-Pacific by 2025.
Who invested in PassKit
1 investor across 1 round
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Funding rounds
Series A
Dec 1, 2014
Amount
$0.9M
Investors
Questions about PassKit
Who invested in PassKit?
PassKit has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PassKit raised?
PassKit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PassKit last raise money?
PassKit's most recent round on record is a Series A, in Dec 2014.
What does PassKit do?
PassKit specializes in mobile wallet solutions to improve customer engagement.
Where is PassKit headquartered?
PassKit is headquartered in Hong Kong, Hong Kong SAR - China.
Which VCs invest in companies like PassKit?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer services companies at PassKit's stage. Their profiles are linked below.
VCs backing consumer services startups at Series A
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