- Origin: MO
- Grant awarded in: 2018
What is SwipeSum?
In 2016 a group of payment technology experts saw a broken system and an opportunity. The payments space, with its legacy merchant acquisition strategies, convoluted contracts, and complex patchwork of providers, left merchants frustrated. This $900B industry was ripe for innovation. So they set out to build a technology solution capable of meeting the rapidly evolving needs of today’s businesses, the SwipeSum payments marketplace. To mark the new beginning of merchants taking control, our founding team called the business SwipeSum – shining a light on the total cost of merchant services. They focused on building a frictionless, state-of-the-art platform that connects businesses with a network of providers and payment methods around the world, enabling businesses to have the upper hand in negotiations. SwipeSum provides the best holistic solution at the best rate to grow revenue online and in-store with ease.
After building the core technology, the advantages of working with a single partner to navigate the complexities of contracts and integrations began to be recognized. We currently save businesses millions in payment processing costs and show no signs of slowing down.