Business Daily Media

BridgerPay Launches the World's First Self-onboarding Payment Operations Platform After $6M Seed Round

  • Written by PR Newswire
BridgerPay Launches the World's First Self-onboarding Payment Operations Platform After $6M Seed Round

LIMASSOL, Cyprus, May 10, 2022 /PRNewswire/ -- $156 trillion will cross international borders in 2022, with cross-border transactions worth up to 41% more than local ones. Businesses have the need to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights.

BridgerPay Launches the World's First Self-onboarding Payment Operations Platform After $6M Seed Round BridgerPay Launches the World's First Self-onboarding Payment Operations Platform After $6M Seed Round

BridgerPay allows any business to connect their website to a PCI Level-1 end-to-end payment operations platform with 500+ ready-made connections.

The idea bloomed from Israeli entrepreneur Ran Cohen's struggles with payment processing in his previous company: "We successfully converted from B2B to B2C and felt the issues of processing cross-border payments first hand" Ran said; he then teamed up with veteran systems architect and payments expert Yaron Hersh to co-found BridgerPay in 2019. For three years the Company grew organically: "Growing organically and bootstrapped was not easy, but we could speak with thousands of merchants and understand their payment challenges. When building a new feature, the core idea is to satisfy the merchants' needs, not some legacy notion about how payment operations should be; this is why we offer solutions that none of our competitors can."

BridgerPay recently closed an addition to its seed round, led by Nati Harpaz (ex catch.com CEO) and SIBF, raising USD 6 million in equity and secondary. "We used the capital," said Ran Cohen "to build the world's first self-onboarding payment operations platform making BridgerPay a full SaaS product, recruit world-class talent, and scale our go-to-market strategy."

With BridgerPay any business can set up in seconds a payment operations platform connected to its website through a ready-made plugin (Magento, WooCommerce, WordPress, PrestaShop, BigCommerce, and more) or a few lines of code. The automated signup complements the platform's Lego-like interface and makes available to everyone a technology that used to be a prerogative of large enterprises. This includes Bridger Retry™ to save declined card payments; Ran said, "$800 billion in transactions are declined yearly, leading to lost revenue and poor customer experience; what we've built in BridgerPay is what's needed to take payments to the next level, allowing merchants to save up to 30% of declined card transactions.

"BridgerPay is available to everyone, independently of provider, location, platform, payment flows, and business logic. BridgerPay is unified, agnostic, and can help any business to scale faster. We will soon reveal new ways to pay and AI-powered tools that democratize payments data, providing never-seen-before insights based on billions of transactions."

BridgerPay (HQ in Cyprus with offices in Tel Aviv) is seeing a  +300% YoY growth and is opening offices in the US, UAE, and Australia to better serve global clients of all sizes with a local footprint.

About BridgerPay, SIBF said "We see a tremendous demand for a user-friendly platform that centralizes all payments, and are glad that BridgerPay is at the forefront. Their technology is ground-breaking, and their team is uniquely talented and builds values, not just products. We are excited to support such a game-changing vision and approach."

BridgerPay is hosting a digital event on May 25th to showcase the present and future of payments and of the product.  Reserve a seat at this link[1].

Yael Clovyn +357 99635017 yael@bridgerpay.com[2]

 

 

References

  1. ^ link (wonderful-artichoke-d08.notion.site)
  2. ^ yael@bridgerpay.com (www.prnasia.com)

Read more https://www.prnasia.com/story/archive/3750863_AE50863_0

The Importance Of Professional Cleaners

Moving out of a settlement property can be a stressful and time-consuming process. One of the most crucial steps is bond cleaning, also known as e...

Property

How to choose the right freight company

Moving cargo to another state or country can be challenging, especially when you have to move some heavy load. You have limited time to deliver th...

Business Training

What Is A Level 2 Electrician And When To Engage One

Do you know when to hire a level 2 electrician? Knowing the qualifications of an electrician, and when one is needed, can be daunting for those wi...

Property

Dr Warren Harmer: Pugs: What they can teach us about sales

I have 2 of the cutest housemates imaginable: pugs. Ernie is a 2 year old fawn with a slightly anxious but very sweet personality. Frank is a 6 mont...

Business Training

How Graphic Design Will Evolve In The Future

Graphic design has come a long way since its inception, and the tools available today drastically differ from those used in decades past. As techn...

Business Training

Property website realestateview.com.au partners with Joust

NOVEMBER 14, 2022 - Realestateview.com.au today announced a pilot partnership with Joust, Australia’s leading online home loans marketplace, to he...

Property