Billfold LLC

Based in the US, Billfold LLC provides a sophisticated contactless payment system tailored for live events and venues, enhancing operational workflows and guest experiences. Billfold LLC specializes in integrated point-of-sale (POS) solutions designed for high-traffic environments. Founded in 2016 and headquartered in New York, US, the company has completed 2 deals, with the most recent funding round being a Seed round of USD 3. 000 mn raised on July 19, 2024.

Key investors include Elektron Ventures and FMS Capital. Co-founded by Stas Chijik, Albert Akbashev, and Benjamin Roshia, Billfold continues to advance its market presence with its innovative offerings. Billfold primarily offers a sophisticated contactless payment system designed specifically for live events and venues. Their core product is an integrated point-of-sale (POS) solution that unifies various payment methods, devices, and operational workflows into a cohesive system.

This system enhances revenue management, service speed, and overall guest experience throughout the event lifecycle. The POS terminals are purpose-built for high-traffic environments, such as bars and stadiums, making them ideal for festivals and temporary installations. Billfold caters to a diverse clientele that includes event operators and venue managers in North America and Europe, focusing on streamlining the payment process and elevating customer satisfaction. Billfold generates revenue through a transactional model that includes both device rentals and service fees associated with their POS systems.

Clients typically rent four POS devices while receiving a fifth at no additional cost, fostering a partnership model that encourages larger deployments for events. Revenue comes from both the rental of the POS devices and the processing of transactions made through the system. The pricing structure is competitive within the event management space, ensuring accessibility for various venue types while providing robust features that enhance operational efficiency. In July 2024, Billfold LLC raised USD 3.

000 mn in a Seed funding round co-led by new investors BambuVentures and Inertia Ventures. The company will utilize this funding to support its business growth and explore upcoming product launches aimed at enhancing its service offerings. Billfold is actively planning to expand its operations into new markets, particularly targeting additional venues in Europe and North America by 2025.