CardConnect
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CardConnect

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    • Financial Servicespayments

    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. 


    Revenue(FY, 2016)
    $589.3 M
    TypeSubsidiary
    Parent CompanyFirst Data Corporation
    HQKing of Prussia, US
    Founded2006
    Websitecardconnect.com
    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
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    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

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

    CardConnect Revenue

    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
    show all
    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
    show all
    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
    show all
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    Competitors

    Fairpoint Group
    Financial Services - Public
    Liaison Financial Services
    Financial Services - Private
    Miura Systems
    Financial Services - Private
    BlueSnap
    Financial Services - Private
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    CardConnect Online and Social Media Presence

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    CardConnect News and Updates

    May 30, 2017

    First Data to buy CardConnect for $750 mlnwdxefcqufszuzezftuxetqsqxt

    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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    CardConnect Company Life and Culture

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