# SwervePay

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.swervepay.com
- Total disclosed funding: $10M
- Latest round: Series B (Feb 9, 2016)
- Investors on record: 3

## About

SwervePay, LLC is a technology firm focused on delivering innovative payment solutions that enhance the efficiency of financial transactions for businesses across various sectors.SwervePay, LLC specializes in payment processing technology, offering solutions that optimize transaction management. Founded in 2010 in Chicago, US, SwervePay has undergone significant developments, including being acquired by Ontario Systems, LLC in May 2020. The company has successfully completed a total of 3 deals, with its most recent funding round being a Series B amounting to USD 10.00 mn led by Garland Capital Group. The company has raised a total of USD 10.00 mn to date. Brad Bialas serves as the CEO.SwervePay provides a suite of payment technologies designed to streamline transaction processes for various clients, including businesses in healthcare, finance, and retail. Their offerings are aimed at improving operational efficiency and compliance, enabling clients to manage payments securely and effectively. SwervePay’s solutions leverage advanced data analytics and automation to address the specific challenges faced by its diverse customer base, facilitating seamless payment experiences.SwervePay employs a subscription-based revenue model for its payment technology solutions, allowing clients to integrate its services into their operations. Clients typically engage through annual or multi-year contracts, ensuring continuous access to SwervePay's comprehensive suite of products tailored for sectors such as healthcare and finance. This structure fosters long-term client relationships and enhances revenue predictability through regular service updates and support.SwervePay's growth strategy involves the development of new payment solutions aimed at enhancing transaction security and efficiency, with updates expected to roll out in the upcoming year. The company is targeting expansion into new geographic markets, particularly in North America, to broaden its client base by 2025. Recent funding from the Series B round will be allocated to these product innovations and market expansion efforts, supporting SwervePay's ongoing commitment to refining its technology and increasing its market presence.

## Funding rounds

- Series B, Feb 9, 2016, $10M — KGC Capital, Garland Capital Group, Mandell Ventures

## Investors

- KGC Capital (https://capitalatlas.ai/funds/kgc-capital) — Series B
- Garland Capital Group (https://capitalatlas.ai/funds/garland-capital-group) — Series B
- Mandell Ventures — Series B