CardConnect

CardConnect is an innovative and rapidly growing payment processing company. Since its inception, CardConnect has quickly grown to process billions in transactions each year for more than 45,000 businesses across the U.S., ranging from Fortune 500 companies to local coffee shops. Our mission is to make accepting payments as simple and easy as possible while providing unmatched security for our customers. 


Type
Subsidiary
Parent Company
First Data Corporation
HQ
King Of Prussia, US
Founded
2006
CardConnect was founded in 2006 and is headquartered in King of Prussia, US

Key People at CardConnect

Brian Shanahan

Brian Shanahan

Chief Executive Officer and Chairman
Patrick Shanahan

Patrick Shanahan

COO

CardConnect Office Locations

CardConnect has an office in King of Prussia
King Of Prussia, US (HQ)
300 1000 Continental Dr

CardConnect Data and Metrics

CardConnect Summary

Founding Date

2006

Total Funding

$50 m

Investors

In total, CardConnect had raised $50 m. CardConnect is a subsidiary of First Data Corporation

CardConnect Financial Metrics

CardConnect's revenue was reported to be $156.7 m in Q1, 2017
USDFY, 2016

Revenue

589.3 m

General and administrative expense

55.3 m

Operating expense total

601.4 m

EBIT

(12 m)

EBIT margin, %

(2%)

Interest expense

(5.1 m)

Pre tax profit

(17.5 m)

Net Income

(16.1 m)
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

154 m156.7 m

General and administrative expense

31.2 m10.7 m

Operating expense total

31.2 m10.7 m

EBIT

(118.8 k)(98.1 k)(647 k)(19.3 m)757.6 k

EBIT margin, %

(13%)0%

Interest expense

(1.8 m)(2.5 m)

Interest income

2 k9.9 k18.3 k

Pre tax profit

(21.3 m)(1.8 m)

Income tax expense

(772.2 k)

Net Income

(116.8 k)(78.1 k)422.5 k(22.1 m)(1.6 m)
USDFY, 2016

Cash

9.4 m

Accounts Receivable

26 m

Current Assets

62.7 m

PP&E

5.6 m

Goodwill

40.2 m

Total Assets

167.8 m

Accounts Payable

3.6 m

Total Debt

4.3 m

Current Liabilities

38 m

Non-Current Liabilities

132.6 m

Total Liabilities

170.6 m

Additional Paid-in Capital

3.2 m

Retained Earnings

(43.1 m)

Debt to Assets Ratio

0 x
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

123.8 k65.3 k9.6 m11.5 m

Accounts Receivable

19.9 m20.6 m

Current Assets

166.8 k126.5 k47.1 m61.2 m

PP&E

6 m6.5 m

Goodwill

40.2 m40.2 m

Total Assets

100.2 m100.2 m157.6 m168.8 m

Accounts Payable

361.8 k2.9 m6.3 m

Current Liabilities

646.8 k30.7 m39.9 m

Non-Current Liabilities

132.8 m132.3 m

Additional Paid-in Capital

5.3 m4.9 m2.7 m3.9 m

Retained Earnings

(350.3 k)72.2 k(45.6 m)(44.6 m)

Total Equity

5 m5 m(42.9 m)

Financial Leverage

20 x20 x-3.7 x
USDFY, 2016

Net Income

(16.1 m)

Depreciation and Amortization

22.3 m

Accounts Receivable

(10.4 m)

Accounts Payable

653.8 k

Cash From Operating Activities

1.2 m

Purchases of PP&E

(1.2 m)

Cash From Investing Activities

(11 m)

Long-term Borrowings

(62 m)

Cash From Financing Activities

15.7 m

Interest Paid

4.2 m

Income Taxes Paid

372.7 k
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(116.8 k)(78.1 k)422.5 k(22.1 m)(1.6 m)

Depreciation and Amortization

5.7 m4.8 m

Accounts Receivable

19.9 m20.6 m

Accounts Payable

27.2 k20.8 k20.8 k361.8 k2.9 m6.3 m

CardConnect Online and Social Media Presence

CardConnect News and Updates

CardConnect Company Life and Culture

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