Latest round

Series C

Last raised

May 2015

Total raised

$15M

Investors

5

About Tyfone

Tyfone, Inc.Founded in 2004 in Portland, US, Tyfone, Inc. focuses on digital banking solutions for community financial institutions.Tyfone specializes in providing digital banking and payment solutions tailored for credit unions and community banks. Their flagship offerings include the Instant Payment Xchange™ (IPX), which serves as a secure and scalable gateway for instant payments, allowing users to send and receive money in real time. Additionally, their Skip-A-Pay automation solution facilitates financial relief by enabling account holders to defer loan payments without branch visits, thus streamlining the process and reducing operational costs for financial institutions. Quick Pay is another key service, simplifying online loan repayments by enabling various payment methods such as credit/debit cards and ACH.Tyfone generates revenue through a combination of transaction fees and service subscriptions associated with its digital banking solutions. The company's revenue model often includes partnerships with financial institutions, where clients can integrate Tyfone’s services into their existing operations, thereby enhancing their offerings to end users. For instance, financial institutions may utilize the Instant Payment Xchange™, paying transaction fees based on the volume of transactions processed. Flagship products like Skip-A-Pay and Quick Pay further contribute to the revenue stream through service agreements that allow banks to offer additional features to their account holders. Tyfone is focused on expanding its product offerings and enhancing its existing services to better serve its clientele. Additionally, the company is pursuing opportunities to enter new geographic markets in North America, with ongoing efforts to broaden its reach and deliver advanced digital banking solutions to a wider audience.

Who invested in Tyfone

5 investors across 3 rounds

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Funding rounds

  1. Series C

    May 15, 2015

    Amount

    $7.4M

    Investors

    Locked

  2. Series B

    Aug 11, 2010

    Amount

    $5M

    Investors

    Locked

  3. Series A

    Dec 5, 2006

    Amount

    $2.5M

    Investors

    Locked

Questions about Tyfone

Who invested in Tyfone?

Tyfone has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Tyfone raised?

Tyfone has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Tyfone last raise money?

Tyfone's most recent round on record is a Series C, in May 2015.

What does Tyfone do?

Tyfone is a software company.

Where is Tyfone headquartered?

Tyfone is headquartered in Portland, US.

Which VCs invest in companies like Tyfone?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Tyfone's stage. Their profiles are linked below.

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