Loading organizations...
FreedomPay has raised $2.0M across 1 funding round.
Key people at FreedomPay.
FreedomPay has raised $2.0M in total across 1 funding round.
FreedomPay is a Philadelphia, Pennsylvania-based financial technology company that provides a data-driven commerce platform enabling payment orchestration, security, and system integrations without requiring merchants to replace their existing legacy infrastructure. Operating on a Platform-as-a-Service model, the enterprise software delivers mobile payments, cashless solutions, virtual terminals, and business intelligence tools across hundreds of thousands of active merchant sites globally. The payment network maintains a 99.995 percent uptime record, connects to more than 1,500 third-party software solutions, and facilitates transaction processing for businesses operating in over 75 countries across five continents. FreedomPay serves multinational clients across the hospitality, retail, contract food services, and financial sectors, securing partnerships and deployments with recognizable corporations such as McDonald’s, Visa, Microsoft, Bank of America, and JP Morgan. The independent commerce organization was originally founded in the year 2000.
FreedomPay is a global commerce technology company specializing in Next Level Commerce™ solutions, including payment orchestration, mobile payments, cashless systems, virtual terminals, processing, analytics, promotions, incentives, and CRM services[1][2][3]. Its FreedomPay Commerce Platform supports hundreds of thousands of sites across corporate dining, universities, hospitals, stadiums, over 100 airports (including major U.S. hubs), and events like Super Bowls, US Open Tennis, NBA Championships, and World Series; it serves large enterprises in hospitality, gaming, retail, shipping, and unattended retail, solving secure, seamless payment integration challenges without new hardware[1][2][4]. Pioneering as North America's first PCI-validated P2PE solution (2014) with EMV, NFC, and alternative payments, it offers 99.995% uptime, cloud-based operations in 75+ countries across 5 continents, and 1000+ ISV partners, driving growth through global expansion and innovation[1][2].
Founded in 2000 by Tom Durovsik, a serial entrepreneur with leadership experience at major consumer brands, FreedomPay started as a mobile payments pioneer, securing early proof-of-concept deals with partners like Nokia, McDonald’s, Bank of America, and Visa post-Y2K[1][3]. Durovsik's hands-on expertise in startups shaped its focus on emerging tech like cloud computing and mobility; key early milestones include a 2004 closed-loop solution for food service stored value/vouchers, 2007 cloud-based PaaS with incentives tracking, and 2009 mobile expansion across closed/open-loop payments[3]. Pivotal traction came via industry-first innovations, evolving from U.S.-centric mobile payments to transatlantic scale, with offices in Las Vegas (2017) and London (2019) amid Europe/Asia push[1].
FreedomPay rides the connected commerce wave, fueled by mobile/NFC proliferation, cashless shifts, and omnichannel demands in a post-EMV, cloud-native era, where retailers seek breach-proof, hardware-agnostic payments amid rising cyber threats and global expansion[1][2][4]. Timing aligns with unattended retail boom (world's largest provider), stadium/airport digitization, and incentives-driven loyalty in hospitality/gaming/shipping, countering legacy POS vulnerabilities (e.g., $20K/five checkouts per Yankee Group)[1][4]. It influences the ecosystem as an "engine" for interconnected payments, enabling ISVs/processors to innovate via open platform, fostering a transatlantic bridge that accelerates adoption in high-volume verticals and sets standards for P2PE/cloud security[2][3][4].
FreedomPay's trajectory points to deepened global dominance via platform expansions in Asia/Europe, AI-enhanced BI for predictive incentives/sales, and broader unattended/enterprise adoption amid cashless acceleration[1][4]. Trends like real-time payments, embedded finance, and regulatory pushes for P2PE will amplify its edge, potentially evolving influence through merchant-processor marketplaces and sustainability-focused commerce. As the pioneer challenging payments status quo, it remains poised to orchestrate "Next Level Commerce™" for forward-thinkers, turning data into growth at scale[2][3].
FreedomPay has raised $2.0M in total across 1 funding round.
FreedomPay's investors include AZ-VC.
FreedomPay has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Series U in December 2008.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2008 | $2M Series U | — | AZ VC | Announced |
Key people at FreedomPay.
