Kartera, a Canada-based Fintech & payments company, was founded in 2021 to revolutionize the payments landscape. Specializing in open banking payment and customer rewards solutions, Kartera enhances the financial efficiency of businesses by significantly boosting the ‘Average Order Value’ (AOV) and ‘Repeat Purchase Ratio’ (RPR). Its innovative payment system is designed to complement, rather than replace, existing payment infrastructures, ensuring reduced processing fees and minimizing fraud risks for its users.
In its latest funding round on 20 September 2022, Kartera secured a substantial $3.00M Seed Round investment from a diverse group of investors, including Plug and Play Singapore, Samsung NEXT, N49P, Tribe Capital, irrvntVC, and Apple Core Holdings. These strategic partnerships underscore the market confidence in Kartera's potential to deliver equitable payment solutions on a global scale.