6 years ago

Fidel Raises $18 Million to Build on Payment Data from Visa, Mastercard, and Amex

  • Fidel, a U.K.-based startup offering an API for developers to build on top of major card payment networks, has raised $18 million in Series A funding led by Nyca Partners and QED Investors

  • The funding will be used to expand the Fidel team and support the company's growth, product development and international ambitions

  • Fidel's APIs enable developers to create card-linked applications, such as loyalty-based rewards, by providing access to real-time payment data from Visa, Mastercard and American Express

  • Fidel removes the burden of regulatory compliance by securely tokenising card numbers, enabling businesses to get to market faster

  • The company's main use case is loyalty programs, where users can earn points, rewards and cash back automatically when they pay using a registered card.

      • ProblemTechnology

      "Building customer loyalty programs and other functionality on top of card payment networks is cumbersome and requires integration with multiple providers. This creates a complex and time-consuming process for developers."

      Solution

      "Fidel provides a single API that enables developers to access real-time payment data from Visa, Mastercard, and Amex. This simplifies the integration process and allows developers to build card-linked applications such as loyalty programs, digital receipts, and expense management tools."

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