FreedomPay, a digital commerce platform, cast a strategic partnership with micro-donation charity Pennies this week.
The partnership will combine Pennies into FreedomPay’s know-how stack.
Based mostly in London, Pennies has facilitated practically 200 million micro-donations since inception.
Digital commerce platform FreedomPay introduced a brand new strategic partnership with micro-donation charity Pennies this week. Through the partnership, FreedomPay will combine Pennies into its know-how stack in what FreedomPay SVP of World Product Supply Tony Hammond referred to as “a major milestone within the fusion of commerce and philanthropy, empowering companies to create a significant influence whereas making certain a clean cost expertise for his or her clients.”
FreedomPay presents a Subsequent Stage Commerce platform that provides retailers a cloud-based answer for quick, safe funds. FreedomPay helps make sure that retailers have entry to probably the most fashionable cost sorts and applied sciences. The corporate additionally helps different cost strategies comparable to cell wallets. FreedomPay manages billions of cost transactions a 12 months; has greater than 1,000 POS, PMS, kiosk, internet, and cell integrations; and serves clients in additional than 75 international locations world wide.
Launched in 2010 and headquartered in London, Pennies has partnered with greater than 120 manufacturers and facilitated practically 200 million micro-donations. The corporate’s know-how permits customers who’re paying by card or digital pockets so as to add a small donation to their buy when transacting with taking part manufacturers. The entire funds raised by Pennies go to charity, whether or not or not the transaction takes place in-store, on-line, or in-app. The corporate has helped elevate hundreds of thousands of kilos to fund charities within the U.Okay., the Republic of Eire, and elsewhere. This week’s announcement signifies that FreedomPay retailers will be capable to allow the Pennies micro-donation possibility as a part of their transaction course of.
“FreedomPay’s values align with Pennies personal dedication to creating giving easy, every single day, making certain clients have reasonably priced methods to donate and enabling manufacturers to generate actual social influence,” Pennies CEO Alison Hutchinson mentioned.
Headquartered in Pennsylvania, FreedomPay was based in 2000. The corporate has raised greater than $23 million in funding, and contains Goldman Sachs, Core Capital Companions, and TPG amongst its traders. Final month, FreedomPay renewed and expanded its strategic partnership with Lloyds Financial institution. In September, the corporate introduced the combination of Amazon’s ID service into FreedomPay’s platform.
“With FreedomPay’s commerce tech, customers and retailers acquire entry to world-class know-how, together with our seamless tokenization capability,” FreedomPay President Chris Kronenthal mentioned when the Amazon integration was introduced. “This characteristic enhances information safety whereas delivering the seamless, personalised experiences customers love.”
Picture by Pixabay
