LoopPay, Inc., a Boston, Massachusetts-based smartphone-enabled commerce solution accepted at point-of-sale terminals, secured more than $10m in funding.
Backers remained undisclosed.
Founded by CEO Will Graylin and George Wallner, LoopPay has created a mobile wallet solution that allows consumers to store and organize all their plastic cards (payment, gift, loyalty, membership, etc.) and use them at 90% of retailers with smartphones, smart watches, cases, fobs, chargers, etc.
The Loop app also provides data (gift card balance, available credit, reward points, etc.) and deals from merchants and card issuers.
The company will start shipping its mobile app and its first AppCessory, the Loop Fob, to its pre-order customers and Kickstarter backers this month (have a look at their campaign here).