- FreedomPay, a digital commerce platform, cast 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 practically 200 million micro-donations since inception.
Digital commerce platform FreedomPay introduced a brand new strategic partnership with micro-donation charity Pennies this week. By way of the partnership, FreedomPay will combine Pennies into its know-how 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 affect whereas guaranteeing a easy cost expertise for his or her prospects.”
FreedomPay gives a Subsequent Stage Commerce platform that offers retailers a cloud-based resolution for quick, safe funds. FreedomPay helps be sure that retailers have entry to essentially the most trendy cost sorts and applied sciences. The corporate additionally helps different cost strategies similar to cellular wallets. FreedomPay manages billions of cost transactions a yr; has greater than 1,000 POS, PMS, kiosk, net, and cellular integrations; and serves prospects in additional than 75 international locations world wide.
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 know-how permits shoppers who’re paying by card or digital pockets so as to add a small donation to their buy when transacting with collaborating 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 tens of millions of kilos to fund charities within the U.Okay., the Republic of Eire, and elsewhere. This week’s announcement signifies 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, day by day, guaranteeing prospects have reasonably priced methods to donate and enabling manufacturers to generate actual social affect,” Pennies CEO Alison Hutchinson stated.
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, shoppers and retailers acquire entry to world-class know-how, 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.”
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