This is a part of our live coverage of FinovateSpring 2013.
Next,
Braintree showcased how its
Venmo Touch saves consumers time:
“Venmo Touch eliminates the need to constantly re-type your credit card information when making purchases on your mobile device. It provides a connective layer across all the apps on your phone, designed to make every payment in a new app as easy as buying a song in iTunes.
The next time you enter your card details in one of the apps in our network, just check “Save card with Venmo.” When you use other in-network apps on the same device, you will see the option to use the saved card to pay with just a single touch.”
Product Launch: January 2013
HQ: Chicago, IL
Founded: 2007
Metrics: Braintree has raised $70M through a series A from Accel Partners and a series B led by NEA (New Enterprise Associates) with contributions from Accel, RRE Venture, and Greycroft. We process $6B in transaction annually, $2B of which is on mobile, from over 4,000 different merchants. All of this is powered by a team of only 120-150 employees.
Twitter: @braintree
Presenting Andrew Kortina (Co-Founder, Venmo)
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