DoubleBeam, a payments startup founded in 2011 and based in the United States, was acquired by Verifone. Their mobile solutions aimed to enhance retailers' customer experience, reduce payment costs, and maintain brand relationships. By integrating with retailers' existing mobile applications and point-of-sale (POS) systems, DoubleBeam facilitated personalized real-time communication through customers' smartphones.
In addition to improving marketing ROI, DoubleBeam offered cost-saving benefits for retailers through mobile-based eChecking, passing on these savings to customers through targeted offers. The company's solutions also streamlined processes, saved time, and expedited the shopping experience.
DoubleBeam's acquisition of GoPago in December 2013 expanded its portfolio. The venture round investment in December 2013, led by Camp One Ventures and Big Sky Partners, further underscored the potential recognized by investors for the innovative solutions provided by DoubleBeam.