Spreedly is a Durham, NC-based provider of software that enables online and mobile businesses to optimize payments operations through a single API connection. The platform lets customers securely capture and store cardholder data in a Spreedly vault and use tokenized payment details to transact across hundreds of third-party payments and e-commerce service connections. It provides payments flexibility and redundancy by allowing customers to route transactions through virtually any combination of payment services without using end-consumer card data. Customers including Rappi, Cabify, Hopper, Chargebee and SeatGeek use Spreedly to continuously monitor and optimize their transaction success rates. In November 2019 Spreedly secured a $75m growth investment from Spectrum Equity, which the company said will be used to accelerate product development and support global expansion plans. The company is led by CEO Justin Benson. Spreedly is a Durham, NC-based cloud SaaS platform that connects merchants, platforms and payment gateways by securely storing credit cards and returning universal credit-card tokens. Led by CEO Justin Benson, the service maps tokens to underlying cards in its vault to execute transactions against specified payment gateways and supported third-party APIs. The company works with more than 100 payment gateways and PCI-compliant endpoints globally and serves more than 300 customers. It handles over one million transactions each month, totaling in excess of $3 billion on an annualized basis (up from $1 billion in June 2015). Spreedly intends to use the new capital to expand operations and introduce product features to further improve its payment software solution. Since 2013 the company has raised $5.5 million in total capital. Spreedly provides payments software that enables merchants, platforms and payment providers to work with multiple payment gateways either over time or simultaneously while avoiding trade‑offs between business, developer and security requirements. The company is led by CEO Justin Benson and CTO Nathaniel Talbott. Spreedly is based in Durham, North Carolina and has a team of 12 (9 developers and 3 business staff) and is hiring. The company raised $2.5m in this venture round and has raised $4.7m to date. Spreedly intends to use the funds to continue expanding marketing and sales efforts globally. Backers in the round included existing investor E‑Merge and one of the founders of Ogone. Spreedly is a cloud-based credit card vault that provides a single payment gateway experience, letting users work with one or multiple payment gateways over time or simultaneously. The platform works with payment gateways worldwide and can add new payment types such as Dwolla and GoCardless. The company is led by CEO Justin Benson and CTO Nathaniel Talbott and is based in Durham, NC. Spreedly raised an additional $500K from Belgian VC E-Merge and intends to use the funds to continue developing the platform and expand global adoption. E-Merge had previously injected $300K earlier in 2013. The company is currently hiring. Spreedly provides a cloud-based credit card vault that allows users to store cards independently from any gateway. It integrates to a single API and can work with one or all of the 50 payment gateways the service supports. Founded in 2008 and led by CEO Justin Benson and CTO Nathaniel Talbott, the company is based in Durham, NC. Spreedly raised $300k in seed funding from Belgian investor E-Merge via AngelList. The company intends to use the funds to continue to develop their system.

Total raised

$81M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2019