Details

Last Funding Type

Seed

Last Funding Money Raised

$3.10M

Industries

Consumer,Electronics,FinTech,NFC,Payments

Founded date

Jan 1, 2014

Number Of Employee

1 - 10

Operating Status

Active

Based in San Francisco, California, Fit Pay develops a contactless payment platform based on wearable devices. The platform is led by payment industry professionals with over 20 years of payment platform and identity authentication domain experience. It uses NFC technology, combined with card network tokenization to interact with point-of-sale terminals at retail locations. The platform’s phone-less and app-less experience allows consumers to conduct secure, frictionless payment transactions. Founded in 2014, Fit Pay raises seed funding from the mobile security products company, Giesecke & Devrient with participation from Plug and Play.