Verifone

Payment devices and cloud services provider

Coral Springs, Florida, United States

About Verifone

Verifone provides solutions in the payments industry, focusing on simplifying commerce for various clients such as retailers, hospitality businesses, and payment processors. The company offers a range of payment devices, including countertop terminals, mobile point-of-sale systems, and unattended kiosks, which allow businesses to accept payments in-store, online, or on the go. In addition to hardware, Verifone enhances its devices with cloud services that enable remote management, diagnostics, and access to transaction analytics. This combination of devices and services helps businesses operate efficiently and securely. Verifone stands out from competitors by processing a high volume of transactions, amounting to $335 billion annually, which reflects the trust clients have in their solutions. The company's goal is to provide reliable payment solutions that facilitate secure transactions for businesses of all sizes.

Coral Springs, FloridaHeadquarters
1987Year Founded
$17.5MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Risks

Emerging fintech competition could erode Verifone's market share.
Rapid adoption of SoftPOS by competitors challenges Verifone's hardware-based model.
Privacy concerns over new biometric capabilities may affect consumer adoption.

Differentiation

Verifone offers a comprehensive range of payment devices and cloud services.
The company integrates AI-powered self-checkout systems with Mashgin for faster transactions.
Verifone's SoftPOS solution allows mobile payment acceptance, expanding merchant capabilities.

Upsides

Partnership with FreedomPay enhances Verifone's payment hardware with advanced commerce capabilities.
Collaboration with Pennies boosts brand reputation through significant charitable donations.
Verifone T650's award recognition attracts high-profile clients seeking secure payment solutions.

Funding

Total raised$17.51 M
Latest valuation$90.00 M
StageLATE_VC
LATE VC
2/28/2011
$18
$90.00 M