SensePass

Company Overview

Snapshot

Founded in April 2017 by Moty Arcuschin, Nir Alperovich, and Chen Cohen, SensePass operates with 11–50 employees. The company has raised $7M across 3 funding rounds from 4 investors. In August 2024, SensePass announced a partnership with Amazon Pay to offer its services as part of a frictionless checkout experience.

Business overview

SensePass is a breakthrough innovator in retail payments, developing an omnichannel payments network that supports over 100 payment methods, digital wallets, BNPLs, Open Banking, and cryptocurrency. The company's cloud-based payment terminals enable shoppers to access diverse payment options for seamless checkout, aiming to increase conversion and reduce fees for retailers. SensePass serves the retail and hospitality sectors, focusing on enhancing customer experience and operational efficiency within the Fintech & Insurtech and eCommerce categories.

Strategic signal

In August 2024, SensePass partnered with Amazon Pay to integrate its services into a frictionless checkout experience. This collaboration is a significant strategic validation, expanding SensePass's reach and enhancing its offering by incorporating a widely recognized payment solution. For investors, this signals strong market adoption and a commitment to broadening its payment ecosystem, potentially accelerating its growth trajectory in the competitive fintech landscape.

Company Intelligence Q&A

What was a key strategic partnership for SensePass in 2024?

In August 2024, SensePass announced a partnership with Amazon Pay, integrating it into its frictionless checkout experience. This collaboration aims to enhance payment options for shoppers and streamline transactions for retailers.

Which program was SensePass selected for in November 2024?

In November 2024, SensePass was selected for the Mastercard Start Path Small Business program. This indicates recognition from a major payment network and potential for further development and market integration.

When did SensePass secure its last disclosed funding round?

SensePass secured a funding round in October 2023.

Which investors participated in SensePass's October 2022 funding round?

In October 2022, SensePass received funding from investors including Israel Investment Fund Group.

What was a notable funding event for SensePass in September 2021?

In September 2021, SensePass secured funding, with Zur Shamir Holdings investing $1,000,000. This Pre-Seed round contributed to the company's early development.