Magic Analysis: $4M Raised
What is Magic?
Magic is a checkout platform that helps consumers save money by eliminating credit card fees and offering store credit as rewards.
Employees
10
Founded
2022
Revenue
$97.9M
Company Stage
Series B
YC Batch
S22
Product Features & Capabilities
- Link your bank, Pay with Magic, Earn Rewards, Earn up to 20% store credit, Secure linking using Plaid, One-click checkout, No fees, Fraud protection, Free rewards program, Instant credit after purchases, Simple sign-up process.
How much Magic raised
1 - $4M
May 29, 2020Lead Investor: Placeholder, Lightspeed Venture Partners, and 9 more.
Who are the founders of Magic
CK
Chetan Kulhari
Founder
RM
Renasha Mishra
Founder
Company Pricing
- 0.65% charged on every transaction processed via Magic Checkout as added pricing.
- Standard payment gateway pricing applies on the underlying payment.
Investors
- PayPal Ventures (lead investor)
- Cherubic
- Synchrony
- KX
- Northzone
- Volt Capital
