CardX provides technology-enabled compliance solutions for credit card surcharging using patent-pending technology. Its solution determines card type and cost of acceptance in less than a second for in-person, in-office, and online payments. The company partners with ISOs, ISVs, processors, and the merchants they serve. CardX was founded in 2013 by CEO Jonathan Razi and COO Michael Tomko, both Harvard Law School graduates, and is based in Chicago. It secured $2M in growth financing from Pace Financial Group, bringing total capital raised to date to $8.62M. The company intends to use the funds to advance development of its digital products and accelerate hiring at its recently expanded Chicago headquarters.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2019