Overview

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Status
Acquired by on July 14, 2015
Total Equity Funding
Undisclosed Amount in 1 Round from 1 Investor
Headquarters:
Fairfield, NJ
Description:
Softgate Systems offers a retail payments exchange platform that connects retailers and billers with the cash-preferred consumer base.
Founders:
Categories:
E-Commerce, Financial Services, Finance, Retail, Billing, FinTech, Payments
Website:
http://www.softgatesystems.com
Social:

Company Details

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Softgate Systems has transformed the payments industry with the Retail Payments Exchange—the only open exchange connecting ISOs, integrated partners, service providers, merchants, retailers, and billers to leading services and technologies that meet the needs of the cash-preferred consumer base. Softgate also operates one of the largest national networks of independent neighborhood-based payment centers in the country, providing reliable bill payment and prepaid services to cash-preferred customers through the PayXchange service. Softgate Systems is the former IPP of America, which was established in 1993. In November 2009, IPP purchased Softgate Systems, Inc, an aggregator of prepaid services, and in 2010 evolved the corporate identity to Softgate Systems, marking the advancement of product offerings—bill payment, prepaid services, and international services.

Funding Rounds (2) - $7.5M

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DateAmount / RoundValuationLead InvestorInvestors
May, 2012$7.5M / Debt Financing1
Feb, 2005undisclosed amount / Series A1

Investors (2)

Acquisitions (1)

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DateAcquiredAmount
Jan 28, 2011Unknown

Current Team (5)

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Products (1)

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  • Walk-in cash funded bill payment and prepaid products including ePins, Long Distance, debit cards, and international Top-Ups

Competitors (2)

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  • CheckFree Corporation is the leading provider of financial electronic commerce services and products.
  • PayNearMe enables consumers to pay with cash for rent, utilities, online purchases and more, at 17,000 retail store locations.

Memberships (2)

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Offices/Locations (1)

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  • Office

    330 Passaic Avenue

    Fairfield, NJ 07004

    USA

Past Team (4)

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Images (1)

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