SimplyTapp

SimplyTapp is a technology company that specializes in mobile payment solutions, enabling seamless transactions through digital wallets and contactless payment systems. Founded in 2011 and headquartered in Austin, US, SimplyTapp develops mobile payment applications that facilitate transactions using smartphones. The company received funding from Mozido CorFire during its Series B round, raising a total of USD 2. 50 mn.

The firm has engaged in five deals, with the most recent deal occurring on June 3, 2015. SimplyTapp provides mobile payment solutions that empower users to make contactless transactions conveniently through their devices. Their services are designed for both consumers and merchants, offering features that enhance the payment experience and streamline financial interactions. SimplyTapp's technology leverages digital wallets to securely store payment information, ensuring users can transact easily and efficiently.

SimplyTapp's revenue model is based on partnerships with financial institutions and merchants, providing targeted payment solutions. The company generates income through transaction fees and service agreements, which facilitate mobile payments for users and retailers alike. These financial arrangements are key to supporting the company's operations and expanding its market reach. In the coming years, SimplyTapp plans to launch new enhancements to its mobile payment platform aimed at improving user experience and expanding functionality.

The company is also targeting expansion into additional geographic markets across North America and Europe by 2025. Recent funding from Verizon Ventures will be allocated to support these product developments and market entry strategies.