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Digitzs

Digitzs

We come from Visa, Apple, and PayPal and we're here to make payments painless for software platforms.

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Deal Type

Convertible Note

Funding Goal

$1,000,000

Current Reservations

$1,231,678

Minimum Reservation

$15,000

Deal Stage

Other

Interest (% per year)

4.00%

Term Length (Months)

24 months

Valuation Cap

$7,500,000

Conversion Discount (%)

N/A

Warrant Coverage (%)

N/A

Open Date

05/09/2018

Closing Date

12/31/2018

Elevator Pitch

We come from Visa, PayPal and Apple and we're here to make payments painless for platforms, apps and marketplaces.

Company Overview

We come from Visa, PayPal and Apple. We're here to make payments painless for software platforms that process ticket payments for sporting events, donation payments for non profits, fine payments for city governments and point of sale payments for retailers.

According to Accenture, software platforms used by small business owners (merchants) are a top five 2018 trend. Outdated business practices and legacy systems in the payment space handicap the growth of the largest and most modern platforms.

Before writing a single line of code, we interviewed 300 platform CEOs to uncover the perfect solution. We launched with our first platform partner in 2017. Today, we have 7 platforms integrated with $1 billion of potential processing volume in our 2019 pipeline. The barriers to what we've created are high. Nearly half of last year's Fintech acquisitions were of niche payment technology start-ups like Digitzs. Our goal is to capture a modest portion of the $1 trillion U.S. platform space and to sell the company by 2022 to a cash flush, yet legacy payment processor.

Traction

  • Digitzs' first swiped transaction was successfully completed in the $1 billion U.S. food truck space

    August, 2018
  • Exceeded $6 Million in TPV - 10x Growth in 6 Months

    April, 2018
  • Launched Digits.io - Turns any debit or credit card into a crypto card

    February, 2018
  • Exceeded $500k in Total Processing Volume (TPV)

    January, 2018
  • Digitzs named Top 20 Most Promising Payment Companies of 2017

    December, 2017
  • Signed DealerClick (worth $1 Billion in TPV)

    November, 2017
  • #1 on the CNBC Index for U.S. equity crowdfunding

    August, 2017
  • UNICEF chooses TicketSocket Payments (powered by Digitzs) over major competitors

    June, 2017
  • Launched Digitzs IQ - a game-changing dashboard for merchants and platforms

    May, 2017
  • Exceeded $100k in Total Processing Volume for the first time

    April, 2017
  • Digitzs on-boards first merchant in real-time

    February, 2017
  • $1 Billion in the pipeline from visionary platform CEOs

    August, 2016
  • Cemented strategic deal with one of the largest processors in the world

    April, 2016
  • Raised $2 M via Crowdfunder

    December, 2015
  • Kevin Harrington of ABC's Shark Tank invests in Digitzs and becomes an advocate for investors and merchants

    August, 2015
  • Former executives from Visa, Apple, and PayPal launch Digitzs on Crowdfunder

    May, 2015
  • Launched a beta with one of the largest U.S, Ticketing platform

    August, 2018

Press Mentions

Key Customers & Partners

TicketSocket OneBill Instant Payments Jobi Dealerclick

Testimonials

Kevin Harrington
Kevin Harrington
Original Shark on ABC's Shark Tank, Investor
" Digitzs has the team, the traction and the technology to be the next big disruptor in the trillion dollar payments space. I'm thrilled to have an early stake in this promising company."
Mark Miller, CEO, Ticket Socket
Mark Miller, CEO, Ticket Socket
Ticketing platform for marathon race promoter
"In order to facilitate payments on our platform, we had to integrate into virtually every gateway around. Needless to say, payments are a painful yet necessary evil. I am so impressed with how Digitzs is solving all our problems in a single API that I am investing in this round. "
David Jaques
David Jaques
1st CFO @ PayPal, Chairman, Co-Founder
"Digitzs is doing something new and radical so this feels like a similar path to what I experienced at PayPal nearly two decades ago."
Barbara Lazaroff
Barbara Lazaroff
Co-Founder Wolf Gang Puck Brands, Investor
"Laura is a proven entrepreneur with deep domain expertise. I am excited to be an early investor in Digitzs."
Edward Katzin
Edward Katzin
Worldwide Payments @ Apple & Visa, Co-Founder
"Digitzs has a dual threat offering for the massive and emerging platform economy that's defensible from an intellectual standpoint."
Linda Perry
Linda Perry
Most Influential Woman in Payments,Co-Founder
"I was head of acquiring at Visa for 17 years. I am familiar with virtually every payment processor in the US both large and small. Digitzs has the most disruptive platform and business model I've ever seen."
Mark C. Thompson
Mark C. Thompson
Coach to Richard Branson & Steve Jobs, Invest
"Platforms that process payments, like tickets, donations and rent, are fast becoming the new normal. Much of the payments space has not received this memo. Digitzs has created a disruptive payments API for the platform space that rocks."
Angela Martin
Angela Martin
Seed Investor @Digitzs
"For more than 25 years, I have witnessed Laura's remarkable success in business first hand. I consider my provision of Digitzs' seed capital as one of the smartest investments I've made to date. Laura is the most driven entrepreneur I've ever known AND she is a finisher. If you are considering an investment in Digitzs, feel free to reach out to me for a character reference on Laura Wagner."
Nitish Kannan
Nitish Kannan
CEO @CirclePlusPayments
"Digitzs allows us to focus on what we do best, build amazing software. They handle everything on the back end, risk-free and under our brand."

Previous Funding

  • $3,600,000 Equity
  • Raise Source: Investors
  • December 2016
  • $579,000 Convertible Note
  • Raise Source: Investors
  • December 2015
  • $579,000 Convertible Note
  • Raise Source: Investors
  • November 2015
  • $916,000 Convertible Note
  • Raise Source: Investors
  • October 2015
  • $275,000 Convertible Note
  • Raise Source: Investors
  • April 2015
  • $100,000 Convertible Note
  • Raise Source: Friends
  • May 2014

Risks & Disclosures

LEGAL DISCL AIMER

This profile does not disclose all risks. This profile is a representation of the success Digitzs hopes to deliver but such promises are not guaranteed. Instead, it represents what management considers to be an ideal scenario.

Fundraising, market conditions or other unforeseen circumstances could alter the project scope and/or its implementation. This profile does not create any express or implied legal relationship with the reader, user or supporter. The most up-to-date information can always be learned by emailing the Founder, Laura Wagner laura@digitzs.com.

Unless monies are received, the terms of this round are subject to change at any time without warning.

The content/images in this profile are protected by copyright. Please contact us if you would like to reproduce anything. No unauthorized use, distribution, alteration, reproduction in any form and by any form is allowed without permission from Digitzs except in limited uses or short quotations in articles, reviews and certain non-commercial use permitted by US copyright law.

The Digitzs team uses its best endeavors to ensure that all the information here is accurate and that market projections are sourced from independent sources. However, Digitzs is not liable for any incorrect projections or market data shared in this profile or in the company's investment materials.


Documents

Confidential

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