Corduro

Corduro

Founded 2008 7 employees Series B Total: $6.31M Financial Services, Payments

Corduro is a financial services startup that commenced its operations in 2008 and officially launched in 2010. The company's vision revolves around pioneering unique technology that facilitates effective connectivity between payments and people, particularly focusing on memberships and relationships, all at a significantly reduced cost. In 2010, Corduro achieved a major milestone by securing Google as the lead investor for its Series A funding round. This investment was instrumental in enabling real-time optimization of payments, resulting in a substantial 30%+ benefit for customers through reduced processing fees, while at the same time ensuring healthy margins to support the business. Notably, the intellectual property underpinning Corduro's unique technology is solely owned by the company, serving as a testament to the extensive expertise of its team, which boasts over 20 years of experience in the payment industry. Corduro's optimized payment network is a robust solution that spans across multiple markets, leveraging the company's ability to route payments to the least cost provider, anywhere and anytime. Furthermore, Corduro introduced PayMobile™, a social mobile app that is integrated with an enterprise payment platform. This innovative app offers users the unprecedented capability to link their social networks to their preferred organizations, empowering them to conduct transactions, receive payments, and expand their network, all through the convenience of their mobile phones. In November 2012, the company emphasized its growing potential with a substantial Series B investment of $3.00M. This round saw prominent participation from notable investment firms such as Founder Collective, Western Technology Investment, and Heartland Capital Network. The injection of this capital further underscores Corduro's promising trajectory within the financial services sector.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	$3.00M	3	Founder Collective, Western Technology Investment +1	29 Nov 2012
Venture Round	$3.31M	1	GV	03 May 2010

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

$3.00M

Founder Collective, Western Technology Investment +1

29 Nov 2012

Venture Round

$3.31M

03 May 2010

FAQ About Corduro

Corduro was started in 2008 and launched in 2010. Our vision: establish unique technology that enables organizations to effectively connect payments and people (memberships/relationships) at a fraction of the cost. In 2010, we secured Google as our Series A lead around real-time optimization of p...

Corduro was founded in 2008.

Corduro operates in Financial Services and Payments. Its work centres on Payment Processing, Mobile Payments, Enterprise Services and Social Payments.

Corduro has approximately 7 employees.

Corduro has completed 2 funding rounds, raising a total of $6.31M. The latest funding stage is Series B.

Top alternatives and competitors to Corduro include Emerald World ET, Inc., Vitesse PSP BV, Bankful, Cardinity, PagaYa, Soluciones de pago. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Corduro and Emerald World ET, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About Corduro