Rooam offers a cashless, PCI-compliant mobile payment platform that integrates with merchants’ POS systems without additional hardware and adds real-time social features to discover events and find friends. The app’s key features include instant “check out” to avoid lines and real-time friend location and event discovery tools. Rooam is running a beta program for select users in the Washington D.C. area and is expanding its network of participating bars and restaurants. The company plans to launch its app in the spring and to expand into other markets around the country. Rooam was selected to exhibit at Collision 2016, where it showcased its socially connected payments technology. The company intends to use new funding to complete product development, support its launch initiatives, and boost sales and marketing efforts.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2016