Flint Nets $9.4 Million in New Funding, Launches ‘Sell Online’
Oct. 30, 2014
Flint Mobile, a Redwood City, Calif.-based technology provider that enables businesses to accept payments by scanning credit cards on a mobile device, last week snared $9.4 million in Series C financing. At the same time, the company unveiled a “Sell Online” feature that enables merchants to add custom “Buy Now” buttons to their Website or insert secure e-commerce links in email campaigns or social feeds and process payments through Flint. The company said Sell Online is designed to serve the needs of businesses that want all transactions to flow through one account and rely heavily on mobile devices. Flint said its standard transaction fees of 1.95 percent for debit-card payments and 2.95 percent for credit-card transactions apply, with no extra costs to use the Sell Online feature.
Flint’s Series C funding brings the company’s total to $20.4 million. The new round was led by Verizon Ventures, the investing arm of mobile and broadband provider Verizon Communications Inc., with participation by Digicel, Storm Ventures, True Ventures and Peninsula Ventures.