Spreedly, a Durham, NC-based provider of software that enables high growth and global businesses to optimize their online and mobile payments operations through a single API connection, raised a $75m growth investment from Spectrum Equity.
The investment will be used to accelerate product development and to support the company’s global expansion plans.
Led by Justin Benson, CEO, Spreedly enables customers to securely capture and store cardholder data in their Spreedly vault, and then use tokenized payment details from their vault to transact across hundreds of 3rd party payments and e-commerce service connections that it supports. The solution allows businesses of all sizes to rapidly scale and optimize their payments operations through a single API connection.
The platform enables payments flexibility and redundancy by allowing customers to route transactions through virtually any combination of payment services without using end-consumer card data.
Customers including Rappi, Cabify, Hopper, Chargebee and SeatGeek also use Spreedly to continuously monitor and optimize their transaction success rates.