FinovateSpring 2012 / ZipZap
Presenter Profile:
How they describe themselves: ZipZap, Inc. is the leading global cash transaction network enabling the more than one billion cash-preferred consumers worldwide to use cash to make online purchases, pay bills, and top-up eWallets, prepaid cards and mobile accounts. Through a global network of over 700,000 payment centers, consumers can complete transactions in their neighborhood conveniently and easily using local currency.
How they describe their product/innovation: ZipZap has developed a revolutionary new suite of cash transaction solutions. CashCade provides eCommerce merchants with an automated cascading payment option ensuring every transaction is approved. No more lost revenue from card-based transactions being declined as CashCade gives consumers the option to pay cash.
CashPayment enables consumers worldwide to make payments for online purchases at offline locations using cash. Easily adapted to fit the needs of any eCommerce merchant, a consumer using the CashPayment option simply confirms the transaction online, prints the payment slip, takes it to the nearest Payment Center listed, and completes the transaction by paying the clerk with cash.
Contacts:
Bus. Dev.: Simon Nahnybida, simon.nahnybida@zipzapinc.com, 201-314-3587
Press: Scott Holt, scott.holt@zipzapinc.com, 714-351-0443
Sales: Myles Gutenkunst, myles.gutenkunst@zipzapinc.com, 415-578-8358
Website: www.zipzapinc.com
HQ Location: San Francisco, CA
Company Founded: December 2010
Product Being Demoed: CashPayment & CashCade
Product Launched: January 2012 & May 2012
Metrics: $1.2M angel investment funding, 8 employees
- Key Executives
Alan Safahi (Co-Founder & CEO), Scott Holt (CMO), Claire Roberts (SVP Operations & Risk), Simon Nahnybida (SVP Business Development), Brian Keller-Heikkila (VP Software Development), Sean Safahi (Co-Founder & Head of Product)
Key Stats
- Key Board Members
Alan Safahi (Founder & CEO, ZipZap, Inc.), Arthur (Art) Kranzley (Former Chief Emerging Technologies Officer, MasterCard Worldwide), Jon Soberg (SVP Blumberg Capital)
- Key Advisory Board Members
Ben Narasin (President, TriplePoint Ventures), Dan Rogers (CFO, Plastic Jungle), Geoff Krieg (VP Product Management, Merchant Link)
- Key Investors
Blumberg Capital (www.blumbergcapital.com), TriplePoint Capital (www.triplepointcapital.com), Ben Narasin, (Founder, Fashionmall.com, www.fashionmall.com)
- Key Partnerships
Banco Rendimento, BigPoint, CardinalCommerce, CyberPlat, Gala-Net, LiveCash, MOL Global, MoneyGram, Pay.On, Qiwi, SafetyPay, Softgate Systems, Xsolla
- Key Customers
ZipZap’s CashPayment product was launched in January 2012 and is currently in limited market release. CashCade will be launched publicly at FinovateSpring 2012.