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FreedomPay, a digital commerce platform, cast a strategic partnership with micro-donation charity Pennies this week.
The partnership will combine Pennies into FreedomPay’s expertise stack.
Primarily based 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 expertise stack in what FreedomPay SVP of World Product Supply Tony Hammond referred to as “a big milestone within the fusion of commerce and philanthropy, empowering companies to create a significant influence whereas guaranteeing a easy fee expertise for his or her prospects.”
FreedomPay gives a Subsequent Degree Commerce platform that offers retailers a cloud-based answer for quick, safe funds. FreedomPay helps make sure that retailers have entry to essentially the most fashionable fee varieties and applied sciences. The corporate additionally helps different fee strategies similar to cell wallets. FreedomPay manages billions of fee transactions a yr; has greater than 1,000 POS, PMS, kiosk, internet, and cell integrations; and serves prospects in additional than 75 nations all over the world.
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 expertise allows shoppers who’re paying by card or digital pockets so as to add a small donation to their buy when transacting with taking part manufacturers. All the 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 implies that FreedomPay retailers will have the ability 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, daily, guaranteeing prospects have inexpensive methods to donate and enabling manufacturers to generate actual social influence,” Pennies CEO Alison Hutchinson stated.
Headquartered in Pennsylvania, FreedomPay was based in 2000. The corporate has raised greater than $23 million in funding, and consists of 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, shoppers and retailers acquire entry to world-class expertise, together with our seamless tokenization capability,” FreedomPay President Chris Kronenthal stated when the Amazon integration was introduced. “This characteristic enhances information safety whereas delivering the seamless, personalised experiences shoppers love.”
Photograph by Pixabay
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