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Magic Analysis: $4.0M Raised

What is Magic?

Magic specializes in enabling customers to pay via bank transfers, significantly reducing transaction costs. Their unique approach eliminates credit card fees and chargebacks through secure bank authentication. This transformation helps businesses retain customers and improve their revenue streams.

HQ Country
San Francisco, United States
Employees
11-50
Founded
2015
Industry
FinTech, Payments

Product Features & Capabilities

  • Direct bank payment processing with low fees
  • Multi-factor authentication to prevent fraud
  • Automated retry for failed payments
  • Seamless integration with existing payment systems
  • Comprehensive security protocols for data protection

How much Magic raised

1 - $4M

May 29, 2020
Lead Investor: Placeholder, Lightspeed Venture Partners, and 9 more.

Financial Overview

$4.0MTotal Raised
1$4M
May 29, 2020
Investors: Placeholder, Lightspeed Venture Partners, and 9 more.
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