Durham’s Spreedly has nabbed $500,000 in an equity investment, according to a regulatory filing. The company, which developed a technology to secure online payments, has raised a total of $3 million thus far.
The company web site says it is “Focused on helping marketplaces and platforms build the next wave of mobile and web apps connecting buyers and sellers.We see a future where the creators of platforms need a single service that is payment endpoint agnostic. Come join us as we focus on building a world class API service that companies like SeatGeek, Tango, Oxfam and Zomato are using to power the next wave of mobile commerce.”
According to a blog post on the company web site, the software-as-a-service technology aims to help customers with friendly mobile and self checkout tools.
Another blog post notes the in June, 28 months after the company launched its new service, is seeing more than $1 billion handled by the Spreedly platform annually.
The company’s tech enables marketplaces and platforms to securely create a credit card token that works across a broad range of payment endpoints.
It describes the process this way:
“One way to think of Spreedly Express is as a Hosted Payment Page. It is a drop-in payment form designed for quick and easy integration into any checkout page, all while exposing you to the least amount of PCI scope possible. The sensitive data is accepted, transmitted and stored through Spreedly and never touches your environment. Immediate form validation, visual feedback such as credit card brand icons and tooltips, and a simple design make the form intuitive and predictable to users.”
On the web: Read “Durham’s Spreedly speeds up with payments tech that ensures cybersecurity at out partner site, Exit Event: http://exitevent.com/article/spreedly-payment-security-startup-benson-credit-card-fraud-hack-150720
https://spreedly.com/
Filing with the U.S. Securities and Exchange Commission: http://www.sec.gov/Archives/edgar/data/1579202/000146137315000042/xslFormDX01/primary_doc.xml
