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
HQ
King of Prussia, US
Founded
2006
CardConnect was founded in 2006 and is headquartered in King of Prussia, US
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Key People/Management 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
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CardConnect Financials and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$50 m

Investors

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

CardConnect Financials

CardConnect's revenue was reported to be $589.32 m in FY, 2016
Annual
USDFY, 2016

Revenue

589.3 m

General and administrative expense

55.3 m

Operating expense total

55.3 m

EBIT

(12 m)
Quarterly
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
Annual
USDFY, 2016

Cash

9.4 m

Accounts Receivable

26 m

Current Assets

62.7 m

PP&E

5.6 m
Quarterly
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
Annual
USDFY, 2016

Net Income

(16.1 m)

Depreciation and Amortization

22.3 m

Accounts Payable

653.8 k

Cash From Operating Activities

1.2 m
Quarterly
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 Payable

27.2 k20.8 k20.8 k361.8 k2.9 m6.3 m
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CardConnect Online and Social Media Presence

Embed Graph
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CardConnect News and Updates

First Data to buy CardConnect for $750 mln

First Data Corp said May 29 that it agreed to buy CardConnect for $15 a share or $750 million. CardConnect, of King of Prussia, Pennsylvania, is a payment processor. Allen & Company LLC provided financial advice to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financi…
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