Fanbank is a commerce automation platform for the in-person small business economy through a SaaS solution.
Business Model: SAAS
Revenue: $5.4M
Employees: 11-50
Address: 14 S Century St
City: Memphis
State: TN
Zip: 38111
Country: US
Fanbank’s proprietary automated commerce platform integrates a business’s existing point-of-sale (POS) system, mobile devices and their customers’ existing credit and debit accounts. Using Fanbank tools, small business members can merchandise and price their offline goods and services for sale online in seconds, and turn them into digital credits that can be purchased virtually, anywhere. Through an innovative account-linked stored value system built on top of the existing payments and mobile infrastructures, Fanbank enables one-click, mobile purchases of these credits which can be redeemed in-store, offering their customers a frictionless buying experience. In addition, Fanbank’s advanced transaction processing technology makes hundreds of data points associated with each transaction actionable so business owners can increase their selling opportunities and deliver smart, personalized experiences to their customers, wherever they are.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 8/2018 | Venture Round | $5.9M | 8/2017 | Venture Round | 2 | $4M |
Jaws Ventures Reciprocal Ventures Jaws Ventures Reciprocal Ventures |
12/2020 | Venture Round | $3M | 1/2016 | Venture Round | 1 | - |
Camp One Ventures Camp One Ventures |
10/2016 | Venture Round | 2 | - |
Crosscut Ventures PLG Ventures Crosscut Ventures PLG Ventures |
10/2016 | Venture Round | 2 | - |
Crosscut Ventures PLG Ventures Crosscut Ventures PLG Ventures |
1/2016 | Venture Round | 1 | - |
Camp One Ventures Camp One Ventures |
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