Flint Mobile, Inc., a Redwood City, California-based mobile payments company that is launching in Beta an app for on-the-go small businesses to accept credit cards and to find new customers through social marketing, has raised $3m in Series A funding.
The company intends to use the funding for product development, hiring, and customer acquisition.
Founded in 2011 by CEO Greg Goldfarb, Flint is launching its first product, a free iPhone™ app that enables merchants to easily and securely process credit card payments using only their phone. Differently from existing solutions that require a separate card reader, Flint uses the phone’s camera to process payments without the use of any additional hardware.
The app also integrates customizable receipts with built-in social marketing tools designed to enable merchants to engage with their customers and to tap into online word-of-mouth referrals.