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The CardFlight Story

Enabling companies to build a safe and secure platform to accept card payments on smartphones and tablets

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Our Story at CardFlight

Established 2013, in New York City, CardFlight started when we were trying to build a mobile app that would use a magnetic stripe reader to read credit card data, and we quickly realized the existing options were difficult to use. There needed to be an easier way to integrate mobile payments for real world commerce. It didn’t exist in the market, so we decided to build it.

Today our goal is to make mobile point-of sale easy, and enable companies to build a safe and secure platform to accept card payments on smartphones and tablets.

CardFlight is a software-as-a-service company offering mobile payments technology and point of sale solutions to enterprises. We offer a Software Development Kit for developers to integrate payments acceptance in their existing app and SwipeSimple, a turnkey mobile solution for independent sales organizations and merchant service providers to offer to their merchants. Our technology platform is EMV chip card enabled with encrypted card readers, and a PCI Level 1 compliant payment gateway supporting all major U.S. processors.

As industry leaders, we take pride in building the latest mobile payments technology and establishing partnerships to enable more companies to accept mobile payments.

We have partnered with 15 of the top 60 merchant acquirers in the U.S and are currently working across a variety of verticals with companies like Artsy, Flywheel, Indochino, and Peloton, making mobile point-of-sale easy for our clients and their users.

Leadership Team

Derek Webster

Founder & CEO

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Derek Webster

Founder & CEO

Derek Webster is the Founder and CEO of CardFlight, based in New York City. Prior to founding CardFlight, he was the Founder and CEO of LocalBonus, a credit card-linked loyalty network which rewarded consumers for purchases they make at local businesses. Earlier, Derek was an Engagement Manager at Oliver Wyman where he led C-level strategy projects for some of the leading global payment networks and retail banks. He was also part of the team that launched E*TRADE’s credit card business, where he personally led all product development and product marketing efforts for the group. Derek has an MBA from the Stanford Graduate School of Business and a BS magna cum laude from Georgetown University.

Marla Knutson

SVP Strategic Partnerships

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Marla Knutson

SVP Strategic Partnerships

Prior to joining CardFlight, Marla was President of TransFirst’s Financial Institutions division, where she was responsible for all aspects of the division’s operations, including developing and implementing business growth strategies and industry partnerships and managing all national sales and distribution points. Marla has more than 25 years of experience in the banking and financial services industry, and over that time has worked with numerous local, regional and national players. She has served on the board of the Electronic Transactions Association (ETA) and is also a past president of W.net (Women Networking in Electronic Transactions). In 2007, ETA awarded Marla as their Member of the Year for her contributions to the payment processing industry. Marla earned her bachelor’s degree in finance with a minor in marketing at Iowa State University.

Stephanie Lasker

VP of Operations

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Stephanie Lasker

VP of Operations

Stephanie Lasker is VP of Operations at CardFlight, in New York City. Prior to joining CardFlight, she was on the founding executive team of SinglePlatform, playing an integral role in guiding the early startup from inception to acquisition by Constant Contact. During her tenure, she served as VP of Operations, managing the team responsible for merchant and new partnership on-boarding, retention and support. Earlier, Stephanie joined Seamless.com as the tenth employee where she oversaw Partner Support for over seven years and led the team from start-up stage through acquisition by Aramark. Stephanie earned her bachelor's degree in political science from Union College.

Peter Wagener

VP of Engineering

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Peter Wagener

VP of Engineering

Peter Wagener is the VP of Engineering at CardFlight. Peter previously served as the Director of Applications at Conductor, where he helped grow the Engineering team from 10 to 50 engineers in multiple locations. He led the team in creating a software development & delivery process enabling Conductor to increase the platform’s scale by 10x while also increasing functionality. Previously, Peter was VP of Social Media Technology at Bank of America, where he spearheaded the company’s initial Facebook- and Twitter-enabled communication platforms. Peter has a bachelor’s degree in Computer Engineering from the University of Florida and an MBA from the Georgia Institute of Technology.

Investors

CardFlight has received more than $6 million in investment, and is backed by leading venture capital firms and angel investors

Apostolos is a serial entrepreneur and angel investor in the internet/technology sector. He started in 1998 when along with 2 friends cofounded e-shop.gr the first computer e-tailer in Greece, which reached revenue of 120 million Euro. In 2009 he cofounded Openfund the first seed investing fund in South Europe that helped many startups including Taxibeat.com. In 2011 he cofounded e-food.gr the largest online food delivery aggregator in Greece and finally in 2012 he cofounded doctoranytime.gr a web service helping patients identify and book a doctor’s appointment online.

Based in the heart of Manhattan, Entrepreneurs Roundtable Accelerator is an early-stage fund and technology accelerator created by New Yorkers, for New York. It is committed to helping build the next generation of great New York technology companies. ERA looks for companies that are best able to take full advantage of the NYC opportunity as a starting point to successfully enter the market for their product, service or application.

Great Oaks Venture Capital, LLC is an early and seed-stage investment firm funded and launched by Andrew Boszhardt, Jr. Based in New York City, they invest in start-ups in technology sectors such as e-Commerce, SaaS, Cloud, Mobile, Gaming, Social, Ad Tech and Content/Distribution.

MATH Venture Partners is a Chicago-based early to growth-stage fund managed by a seasoned team of hands-on investors and operators, Mark Achler and Troy Henikoff. Since their first close in October of 2014 they have made over 18 investments in technology and digital companies across multiple industries. MATH looks for entrepreneurial teams that have customer acquisition as part of their core DNA. Both Managing Directors are serial entrepreneurs and teachers at heart who enjoy forming deep and personal partnerships with their portfolio companies.

Plug & Play Ventures is a seed and early-stage Investment firm focused on investing in emerging growth companies. Located in the heart of Silicon Valley, It is the investment arm of PlugandPlayTechCenter.com, which has over 150 portfolio companies in the areas of Web 2.0, software (SaaS), Social Networking, Social Media, Gaming, Enterprise, Cloud and telecom verticals. In the past, they have helped to create markets and technology leaders such as PayPal, Danger, Google and now they have DropBox, LendingClub, Zoosk, SoundHound, CreditSesame, Skytree, Room77 and other startups at their portfolio family.

Stuart is a Managing Director in the Merchant Banking group at Piper Jaffray. Previously, Stuart served as CEO of Elavon Global Acquiring Solutions, Inc., a subsidiary of U.S. Bancorp, growing revenues to more than $1.5 billion. He joined Ceridian Corporation in 2010 where he served as chairman, CEO and president. During his tenure, he transformed company strategy, vision and operations on a national and international level, leading to sharp increases in sales and operating efficiency. Stuart also led the sale of Comdata, Inc., a Ceridian subsidiary, to FleetCor Technologies, Inc. for $3.45 billion.

Dan is an experienced and successful payments entrepreneur who has built and operated two payments companies. From 2008 to 2014, he was CEO of NetSpend, a leading provider of reloadable prepaid cards and related financial services that was acquired by TSYS (NYSE: TSS) for $1.4 billion. From 1994 to 2006, Dan was Co-Founder, President, and COO of Euronet Worldwide, a global leader in processing secure electronic financial transactions operating in 23 countries.

ff Venture Capital is an institutional venture capital firm in seed-stage companies. Since 1999, the firm has made over 180 investments in over 72 companies. Notable exits include Cornerstone OnDemand (IPO, CSOD) and Quigo Technologies (sold to AOL for a reported $340m). ffVC has twenty employees based in New York and New Jersey and extensive resources dedicated to portfolio acceleration, including strategy consulting, recruiting assistance, in-house accounting services, communications and PR strategy, engineering assistance, a pool of preferred service providers and an executive portfolio community.

Mark is currently the Chairman of Multi Service, a company he first joined as Vice President of Marketing in 1985 and led as President from 1999 to 2015. During his tenure, Mark helped build the largest B2B business aviation card processing network worldwide, which was sold to US Bank in 2005 for $100 million. Subsequently, they built a number of payment networks, including the largest B2B aftermarket parts system. Multi Service was acquired by World Fuel Services (NYSE: INT) in 2012 for $130 million.

Payment Ventures, LLC was formed by Tony VanBrackle to focus on emerging companies and payments technologies. Prior to starting Payment Ventures, Tony was Founder and Chairman of Solveras Payment Solutions from its founding until its successful sale to a strategic partner in 2011. Tony has in excess of 25 years in the payments industry.

For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America’s best banks (2015) and one of America’s best-managed companies (2014). Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System.

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