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Swiipe
Swiipe is an open platform designed with a one-click checkout flow, which eases and quickens the process for consumers to complete their online purchases.
- AI, Fintech
- Seed
Location
Copenhagen, Denmark
Revenue size
EUR 10,000 - 99,999
Year founded
2017
Funding raised
EUR 2.5 Million
Founders
Anders Riis, Christian Normann Eiland
Most relevant investors
Finstart Nordic, Angel Investors
Team size
15
Problem
Nearly 70% of all online customers reduce or abandon their purchases before checkout. One main reason for this is long and confusing checkout processes and missing payment options.
SOLUTION
Swiipe provides an open platform that allows consumers to checkout and pay for their online shopping with a single click, ensuring that more customers complete their purchases. Swiipe stores user’s payment information in a secure Swiipe ID, that can be utilized on any webshop that uses Swiipe.
KEY CUSTOMERS & INTERNATIONAL PRESENCE
Swiipe is PSD2-compliant and targets e-commerce webshops across Europe. Presently, more than 500 merchants use Swiiipe, and more than 40 webshops are joining every month. Basic services are provided for free, with premium functions added for paid accounts.
Unique selling point
Swiipe remembers customers’ contact and payment information across webshops for a fast and easy shopping experience.
Asia Connection
Swiipe is working towards expanding globally to ensure a One-Click Buy purchase experience across markets. In their global pursuit, Swiipe is looking for distribution partners, and funding across the East Asian region.
Pitch
