CardConnect

CardConnect, founded in 2006, 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. For more information, visit us at cardconnect.com.
Type
Subsidiary
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 Financial Metrics

CardConnect's revenue was reported to be $589.3 m in FY, 2016
Numbers are in $, 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)
Numbers are in $, USDFY, 2016

Cash

9.4 m

Current Assets

62.7 m

PP&E

5.6 m

Goodwill

40.2 m

Total Assets

167.8 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)
Numbers are in $, USDFY, 2016

Net Income

(16.1 m)

Depreciation and Amortization

22.3 m

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

CardConnect Online and Social Media Presence

CardConnect News and Updates

CardConnect Company Life and Culture

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