XTRM
Latest round
- Series B
Last raised
- May 2007
Total raised
- $1.1M
Investors
- 1
About XTRM
XTRM, Inc.Founded in 2004 in Belmont, US, XTRM, Inc. operates with a focus on global payment solutions. Richard Grogan-Crane serves as both the Founder and CEO of the company.XTRM provides a comprehensive suite of global payment solutions designed to facilitate seamless transactions for businesses of all sizes. The company's core offerings include a robust payments platform that enables users to manage and process payments to contractors, partners, and customers across multiple currencies. XTRM's intelligent architecture supports automated payment flows, allowing businesses to efficiently handle invoicing, SPIF, MDF, and rebates with ease. This platform is particularly user-friendly, requiring only an email address to pay freelance staff, thus simplifying operations for companies of various scales.XTRM generates revenue primarily through transaction fees associated with its payment processing services. The company operates on a model where clients can access its platform to facilitate payments for various purposes, including contractor payments, invoice settlements, and incentive distributions. These transactions are structured to provide flexibility; clients choose payment methods that best suit their needs, such as bank transfers or prepaid cards. While specific pricing plans for their services are not disclosed, XTRM’s offerings such as the XTRM API allow businesses to integrate their payment solutions directly into their existing platforms.The recent investment in XTRM, Inc. will support the development of new products aimed at enhancing their payment solutions. The company is focusing on expanding into new geographic markets, particularly in regions of Europe and Asia, with plans to launch these initiatives by the end of 2024.
Who invested in XTRM
1 investor across 1 round
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Funding rounds
Series B
May 9, 2007
Amount
$1.1M
Investors
Questions about XTRM
Who invested in XTRM?
XTRM 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 XTRM raised?
XTRM has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did XTRM last raise money?
XTRM's most recent round on record is a Series B, in May 2007.
What does XTRM do?
XTRM is a media company.
Where is XTRM headquartered?
XTRM is headquartered in Belmont, US.
Which VCs invest in companies like XTRM?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back media companies at XTRM's stage. Their profiles are linked below.
VCs backing media startups at Series B
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