Magic logo — Pioneering a new paradigm for payments and loyalty

Magic

Pioneering a new paradigm for payments and loyalty

Founded 2022 United States New York, United States 7 employees Seed Total: $500.00K Financial Services, Fintech +1

General Information

Company Name Magic
Founded Year 2022
Location United States New York, United States
Employees 7
Industries Financial Services, Fintech, Payments
Funding Stage Seed
Social

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About Magic

Magic is a pioneering platform in the financial services, fintech, and payments industries, with a strong focus on revolutionizing payments and loyalty. Established in 2022 in the United States, it has already attracted significant attention and support from a number of prominent investors and angels including Y Combinator, General Catalyst, Hummingbird Ventures, Soma Capital, Goodwater Capital, and Alumni Ventures. Its recent Seed Round investment in 01 June 2023 further solidified its standing in the market. With an ambitious vision and strong backing, Magic is well-positioned to navigate and disrupt the evolving landscape of payments and rewards.

Business keywords: payments platform, loyalty programs, rewards system, Y Combinator backed, General Catalyst backed, Hummingbird Ventures backed, Soma Capital backed, Goodwater Capital backed, next-generation technology, angel investors, startup, innovation, investment, technology

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round Undisclosed 6
Goodwater Capital, Soma Capital +4
01 Jun 2023
Pre Seed Round $500.00K 1
Y Combinator
07 Sep 2022

Magic Alternatives & Competitors

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FAQ About Magic

Pioneering a new paradigm for payments and loyalty
Magic was founded in 2022.
Magic is headquartered in New York, United States.
Magic operates in Financial Services, Fintech and Payments. Its work centres on payments platform, loyalty programs, rewards system and Y Combinator backed.
Magic has approximately 7 employees.
Magic has completed 2 funding rounds, raising a total of $500.00K. The latest funding stage is Seed.
Top alternatives and competitors to Magic include Payable, PayCrunch, Covalent API, GoodCash, Theorem. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magic and Payable 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.

Source: BounceWatch company record for Magic, https://bouncewatch.com/company/magic, updated 14 January 2025. When citing, please name BounceWatch and link this page.

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