Hypur Inc.
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Hypur Inc. - overview
Established
2014
Location
Phoenix, AZ, US
Primary Industry
Financial Services
About
Based in Arizona, US, and founded in 2014 by its CEO, Michael J. Sinnwel, and CFO, David J. Querciagrossa, Hypur Inc. operates as a provider of compliant payment and bank compliance solutions for the cannabis, CBD, and crypto industries.
In April 2023, POSaBIT, Inc. , a point-of-sale and payments provider and a portfolio company of Digital Currency Group and Perga Capital Management, acquired Hypur, Inc. for USD 7. 5 million.
As of April 2023, the company has over 165,000 consumer profiles on Hypur Pay. Hypur Inc. offers Hypur Pay, a B2C and B2B ACH e-commerce and mobile payment solution that works across various sales channels like in-store, curbside, order-ahead, and third-party platform payments. Its payment solution also includes redundant PIN debit payment processing, Cannabis e-commerce, and delivery payments.
In addition, the company offers compliance tools for banking, including onboarding, monitoring, tracking, reporting tools, electronic EDD forms, progress tracking, and approval, as well as transaction monitoring, alerts, and triggers. The company has partnerships with banks and credit unions to provide banking and payment services to the cannabis industry.
Current Investors
POSaBIT, Inc.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.hypur.com
Verticals
FinTech, FinTech, Mobile Apps, RegTech
Company Stage
Add-on
Total Amount Raised
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