Swipely is now processing $2 billion per year

Posted May 15, 2014

Swipely is a company that helps merchants collect credit card payments. The company is now processing over $2 billion in annual sales for customers, according to TechCrunch. Swipely is also launching new product features that will allow its product to be used by businesses that have multiple locations to keep data in sync and allows for partial access for leaders with single-location purview.

Swipely has grown over 50% for 7 straight quarters. Swipely charges retailers a percentage of dollars processed and fees for other services.

Square, one of Swipely’s largest competitors, processes around $30 billion per year. However, Swipely and Square have different customer bases. The average Swipely customer processes around $1 million in payments per year.