- FreedomPay, a digital commerce platform, solid a strategic partnership with micro-donation charity Pennies this week.
- The partnership will combine Pennies into FreedomPay’s know-how stack.
- Primarily based in London, Pennies has facilitated almost 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 International Product Supply Tony Hammond known as “a big milestone within the fusion of commerce and philanthropy, empowering companies to create a significant affect whereas making certain a clean cost expertise for his or her clients.”
FreedomPay gives a Subsequent Stage Commerce platform that provides retailers a cloud-based resolution for quick, safe funds. FreedomPay helps make sure that retailers have entry to essentially the most trendy cost sorts and applied sciences. The corporate additionally helps various cost strategies corresponding to cell wallets. FreedomPay manages billions of cost transactions a yr; has greater than 1,000 POS, PMS, kiosk, net, and cell integrations; and serves clients in additional than 75 nations world wide.
Launched in 2010 and headquartered in London, Pennies has partnered with greater than 120 manufacturers and facilitated almost 200 million micro-donations. The corporate’s know-how allows 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 increase 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 of allow the Pennies micro-donation choice as a part of their transaction course of.
“FreedomPay’s values align with Pennies personal dedication to creating giving easy, on daily basis, making certain clients have inexpensive methods to donate and enabling manufacturers to generate actual social affect,” 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 mixing of Amazon’s ID service into FreedomPay’s platform.
“With FreedomPay’s commerce tech, customers and retailers achieve 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 knowledge safety whereas delivering the seamless, customized experiences customers love.”
Picture by Pixabay