Swipesum
Swipesum is a payment processor and payments consulting firm, helping businesses optimize their payment solutions while ensuring cost savings and support.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | $3.9m | Seed |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 38 % | 85 % | - | 100 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Swipesum is a rapidly growing Fintech and Payments company based in St. Louis, recognized for its innovative approach to payment processing and cost optimization. Founded by brothers Michael Seaman and Stephen Seaman, the company acts as an outsourced Chief Payments Officer (CPO) for its clients, providing tailored solutions to streamline payment operations and reduce transaction fees.
Key Highlights:
1. Impressive Growth and Recognition: Swipesum has seen significant growth, ranking No. 729 on the 2023 Inc. 5000 list, and 666 on the 2024 Inc. 5000 rankings.
2. AI-Driven Solutions: One of Swipesum's standout offerings is its proprietary AI software, Staitment, used by payment organizations and merchants. Staitment audits merchant statements to ensure clients are not overpaying for payment processing services. This technology enhances transparency and enables data-driven decision-making for businesses of all sizes.
3. Expert Consulting Services: Swipesum’s consulting services are characterized by independence and objectivity, allowing the firm to negotiate on behalf of clients without any ties to specific payment processors. This ensures that businesses receive the most competitive rates and customized strategies tailored to their unique needs.
4. Specialization in Franchise Services: Swipesum has been recognized as the #1 Merchant Services Provider for Franchises by Entrepreneur Magazine in 2024. The company has developed specialized expertise in working with franchises, helping multi-location businesses navigate complex payment landscapes while securing favorable terms across all locations. This niche focus has made Swipesum a trusted partner for franchises looking to optimize their payment systems.
5. Commitment to Client Success: The company prides itself on offering 24/7 support and ongoing monitoring of payment processes, which empowers business owners by returning budgetary control and improving operational efficiency.
Overall, Swipesum is a trailblazer in the payment processing space, combining technology, industry expertise, and a commitment to client service to revolutionize how businesses manage their payment processing needs.