Skipify, a San Mateo, CA-based fintech company focused on improving shopping experiences, received an investment from Samsung Next, an investment group within Samsung Electronics.
The amount of the deal was not disclosed.
The company intends to use the funds to continue expand operations and its development efforts.
Led by Ryth Martin, Founder and CEO, Skipify provides solutions to improve shopper purchasing experiences both online and in-stores. Its Connected Wallet is a digital wallet that connects Merchants, Shoppers, and Financial Institutions at the moment of purchase. It is linked with the world’s largest financial institutions such as American Express. By partnering with Skipify, financial institutions can follow new ways to interact with their card members, enabling them to surface cards, points, alternative payments methods, and more into checkout in real time. Financial institutions can include real-time step-up authentication, which enables industry-leading authorization rates and increased share of wallet.
Skipify’s strategic investors include Samsung Next, Amex Ventures, PayPal Ventures, Synchrony Ventures, Okta Ventures, Point72 Ventures, Flourish Ventures, Infinity Ventures, Vinyl, FIS, and BDT & MSD Partners.
FinSMEs
19/10/2023