Hyperwallet

Hyperwallet
Private
Industry Financial technology
Founded 2000
Headquarters San Francisco, California, United States
Key people
  • Brent Warrington (CEO)
Services
Website www.hyperwallet.com

Hyperwallet is a financial technology company headquartered in San Francisco, California.[1] The company operates an outbound payments platform by which businesses distribute compensation and other payments to individuals, including independent contractors.[2]

History

Hyperwallet was founded by Lisa Shields in Vancouver, British Columbia, in 2000. Private equity firm Primus Capital acquired an undisclosed stake in Hyperwallet following a round of growth equity financing in 2014.[3] Later that year, Hyperwallet moved its corporate headquarters to San Francisco.[4] Brent Warrington, CEO of SecureNet Payment Systems prior to its acquisition by Worldpay,[5] became Hyperwallet’s CEO in 2015.[6]

Services

Hyperwallet provides domestic and cross-border outbound payment services in a range of payment methods, including wire transfers, bank deposits, and prepaid cards.[7] Hyperwallet operates in more than 170 countries [8] and 150 currencies.[9] The company reports that its platform serves over 8 million worldwide payees and processes $5 billion annually.[10] Hyperwallet’s payout technology can be integrated through its APIs, which debuted in 2015.[1]

Hyperwallet also offers payment services to traditional financial institutions. Western Union integrated Hyperwallet’s technology into the company’s payments system in 2015.[11] Hyperwallet briefly provided a consumer-oriented mobile remittance service through its subsidiary hyperREMIT, which launched in 2010.[12] The hyperREMIT service was discontinued in early 2016.[13]

References

  1. 1 2 "Hyperwallet’s New Freelance Payment API". PYMNTS.com. 6 October 2015.
  2. ↑ Antoinette Siu. "Hyperwallet Can Help You Pay Your Workers - In 150 Currencies". CMSWire. Retrieved 23 February 2016.
  3. ↑ "Vancouver’s Hyperwallet Raises Growth Equity Financing from Primus Capital". BetaKit. 4 June 2014.
  4. ↑ "Our History". Hyperwallet website. Retrieved 2 February 2016.
  5. ↑ "Payments Solutions For The 1099 Workforce". PYMNTS.com. 2 July 2015.
  6. ↑ "Brent Warrington Joins Hyperwallet As New CEO". Hyperwallet website. Retrieved 2 February 2016.
  7. ↑ "Taking Mass Payments To The Masses". PYMNTS.com. 3 December 2014.
  8. ↑ Ben Rabinovich (17 December 2015). "Hyperwallet CEO Talks Regulation & Innovating Worker Payments". PaymentEye.
  9. ↑ "Global Worker Payouts to 170+ Countries". Hyperwallet website. Retrieved 2 February 2016.
  10. ↑ "Bringing Cash Payouts To Freelancers, Globally". PYMNTS.com. Retrieved 1 March 2016.
  11. ↑ "Western Union Taps Hyperwallet’s Global Mass Payments Tech". PYMNTS.com. 24 March 2015.
  12. ↑ Dan Butcher (28 October 2010). "HyperWallet launches mobile remittance service enabling international money transfers". Mobile Commerce Daily.
  13. ↑ "HyperREMIT". HyperREMIT website. Retrieved 2 February 2016.

External links

This article is issued from Wikipedia - version of the Monday, April 18, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.