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Fairbit logo — Enable any device to accept payment

Fairbit

Enable any device to accept payment

Founded 2017 United States Irvine, United States 4 employees Fintech, IT

General Information

Company Name Fairbit
Founded Year 2017
Location United States Irvine, United States +1
Employees 4
Industries Fintech, IT
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About Fairbit

Fairbit is a fintech startup that aims to revolutionize payment processing by enabling any device to accept payments. Founded in 2017, Fairbit's slogan "Enable any device to accept payment" encapsulates its mission to move all payment processing intelligence from the terminal to the Cloud for a faster go-to-market, providing a cross-platform payment experience. Their solution involves instant updates of EMV kernel and parameters without the need to download to terminals. Fairbit's innovative approach disrupts the traditional model in payment processing. It shifts the EMV Level 2 kernel application from running in the POS hardware to operating on the cloud (EMVKernel-on-the-Cloud). This transformation allows any device, including POS terminals, mobile phones, or tablets, to accept card-present EMV contact and contactless transactions. With EMVKernel-on-the-Cloud, the reader becomes a simple device solely responsible for managing user experience and card communication. As of now, there is no publicly available information regarding Fairbit's headquarter location, last investment amount, or the investors involved. However, the company's unique proposition in the fintech and IT industries presents a compelling opportunity for potential investors seeking novel advancements in payment technology.

Taxonomy: Cloud-based payment solutions, EMV level 2 kernel application, Cross-platform payment experience, SoftPOS solution, Mobile payment acceptance, Payment processing, POS terminal technology, Card-present transactions, EMV parameter management, Business intelligence, Fintech innovation

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Fairbit Alternatives & Competitors

Fairbit vs
Felix Payment Systems
Felix Payment Systems Canada

The world’s first certified and market-proven 100% cloud-based kernel.

32 employees
Fintech, Payments
Fairbit vs
Wechip Payment Technologies
Wechip Payment Technologies Turkey

Innovating new, improving old!

69 employees
Financial Services, Fintech
Fairbit vs
Wisecard Technology Co., Ltd.
Wisecard Technology Co., Ltd. China

EMV Personalization, CMS&Switch, Terminal & Kiosk Solution and Your Leading Partner for Innovative P...

29 employees
Payments

FAQ About Fairbit

Enable any device to accept payment
Fairbit was founded in 2017.
Fairbit is headquartered in Irvine, United States.
Fairbit operates in the following industries: Fintech, IT.
Fairbit has approximately 4 employees.
Top alternatives and competitors to Fairbit include Felix Payment Systems, Wechip Payment Technologies, Wisecard Technology Co., Ltd., MayaSoft JSC, Verisoft. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fairbit and Felix Payment Systems 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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