Festival Transaction Services (FTS) offers integrated financial services to the fair and festival industry, including card processing, cashless event services and a prepaid Card-as-Ticket product. The company also operates Festivals.com, an events directory with more than 40,000 events in 80+ countries. FTS positions its services to reduce event operating expenses, provide real-time visibility and reconciliation of consumer and vendor transactions, and generate new revenue streams for events and sponsors. FTS has leveraged partnerships, including one with Visa, to bring regulated financial-services infrastructure to events while avoiding escheatment issues associated with closed-loop solutions. Management and investors have highlighted the company’s potential to deliver operational savings, increased sales and recurring sponsor revenue. The company is based in Seattle, WA and has stated the financing will help deliver sustainable growth for shareholders.

Total raised

$9M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2014