Which California Startups are Transforming the Payments Industry in 2023?

California, often known as the innovation hub of the United States, provides an ideal environment for startups to flourish and thrive. While Silicon Valley often garners the spotlight, the startup scene is vibrant throughout the state, particularly in the payments industry. As technology and finance continue to intersect, payments startups are revolutionizing the way we transact, fostering a seamless, frictionless, and secure customer experience.

The payments sector, once dominated by traditional banks and credit card companies, is now teeming with innovative startups. These new players are embracing technology’s potential to deliver intuitive, accessible and secure payment solutions. In this piece, we’ll shine a light on 15 standout payments startups and companies based in California.

These organizations represent a broad spectrum of the payments industry, offering everything from transparent payment solutions and payment gateway software to mobile payment systems and robust e-commerce platforms. Let’s dive in and get to know them a little better.

Leap Payments

Leap Payments was co-founded by Will Detterman. The company’s mission is to provide open, honest, and transparent payment solutions with a strategic approach. Leap Payments operates in the financial services, mobile payments, and general payments sectors.

Vault Acquiring Solutions

Vault Acquiring Solutions Inc. designs and develops payment gateway software. The company’s line of business includes cryptocurrency, payments, software, and wireless service.

American Merchants

American Merchants specializes in providing credit card processing solutions to e-commerce, retail stores, seasonal businesses, and mobile merchants. The company operates in the customer service, e-commerce, financial services, and mobile payments sectors.

CloudOnex

CloudOnex acts as a payment gateway and e-commerce platform. It operates in the e-commerce, payments, and service industry sectors.

Domino Research

Co-founded by Hazel Fruitman and Kim Stuart, Domino Research is a monetization and marketing consultancy firm. The firm operates in various sectors including advertising, apps, consulting, mobile, mobile payments, project management, and reputation industries.

Hippo Charging

Hippo Charging delivers services for online payment solutions and web solutions. They operate in the financial services, information technology, payments, and web design sectors.

Armatic Technologies

Armatic Technologies was founded by Casey Griswold, Ethen Yao, and Max Golovnia. The company aims to help other businesses accelerate quote-to-cash cycles, streamline billing, and reduce operating expenses. It operates in the business intelligence, financial services, fintech, and payments sectors.

MojoPay

MojoPay is an online financial platform that provides merchant payment processing, e-commerce, chargeback management, and invoicing services. The company works in the apps, billing, e-commerce, financial services, and payments sectors.

Mobile Wallet Media

Randy Smith is the founder of Mobile Wallet Media, a company that reports on mobile commerce media. Their work focuses on the e-commerce, mobile, and mobile payments sectors.

KushCash

Co-founded by Joey Santley and Ken Griffin, KushCash is a payment system that allows users to make cash transactions from anywhere via mobile devices. The company is active in the finance, messaging, mobile, and payments sectors.

EnCards

EnCards supplies premium card applications, gift card programs, and merchant processing services. They operate in the credit cards, payments, and transaction processing sectors.

Tagito

Tagito allows users to sell their downloadable content from their blogs, sites, or social networks through their web platform. Tagito operates in the cloud data services, payments, and social media sectors.

Quantum Electronic Payments

Quantum Electronic Payments is an online payment processing service provider. They operate in the e-commerce, financial services, and payments sectors.

PayFabric

PayFabric offers a cloud-based payment processing platform. The company operates in the cloud computing, information technology, payments, and software sectors.

FIXNAPP

Founded by Jeff Song and Steve Lee, FIXNAPP is a mobile app service that operates in the apps, e-commerce, internet, mobile, mobile apps, and mobile payments sectors.

As showcased above, California’s payment startup scene is thriving with innovative ideas and solutions to revolutionize the finance industry. From companies tackling mobile payments to those enhancing the e-commerce experience, these startups are ensuring seamless, secure, and convenient ways to transact.