# Transaction Wireless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transaction-wireless

- Industry: Marketing/Advertising
- Headquarters: San Diego, US
- Website: www.transactionwireless.com
- Total disclosed funding: $2.3M
- Latest round: Series A (Sep 25, 2008)
- Investors on record: 2

## About

Transaction Wireless is a provider of innovative mobile payment solutions, focusing on enhancing payment processes in the retail sector through its advanced mobile wallet platform.Transaction Wireless specializes in mobile payment solutions and was formed to address challenges in the retail transaction landscape. Headquartered in San Diego, US, the company has received funding primarily from Mission Ventures and Okapi Venture Capital. Notably, in July 2015, Transaction Wireless was acquired by First Data, a portfolio company of KKR and Stone Point Capital. The company has successfully closed a total of 3 deals with the latest round being a funding of USD 2.00 mn.Transaction Wireless provides advanced mobile payment solutions tailored for various sectors, with a strong emphasis on retail and consumer services. Their core offerings include a comprehensive mobile wallet platform, facilitating secure payments, loyalty card storage, and promotional offers directly through smartphones, thereby enhancing the overall customer experience and streamlining business operations.Transaction Wireless generates revenue through a subscription-based model complemented by transaction fees associated with their mobile payment solutions. Retailers and service providers partner with the company, paying a recurring fee for access to the platform and ongoing support, while a percentage of each processed transaction contributes to the company's revenue. This pricing structure accommodates businesses of various sizes, from startups to larger corporations.Transaction Wireless aims to enhance its product offerings by designing and launching new features within its mobile wallet platform, although specific release dates are not provided. The company plans to expand its presence into European and Asian markets by 2025, leveraging its recent funding of USD 2.00 mn to support these initiatives. The acquisition by First Data is expected to enhance their capabilities and drive growth into new geographic areas.

## Funding rounds

- Series A, Sep 25, 2008, $2.3M — Mission Ventures, Okapi Venture Capital

## Investors

- Mission Ventures (https://capitalatlas.ai/funds/mission-ventures) — Series A
- Okapi Venture Capital (https://capitalatlas.ai/funds/okapi-venture-capital) — Series A