F

Forward

Embedded payments platform for SaaS

Overview

Forward provides embedded payment solutions that let vertical SaaS platforms offer payment processing under their own brand. It operates as a PayFac, enabling partners to monetize payments by charging fees on processed transactions while Forward collects its own fees. The platform can be integrated in under a week and handles authorization, settlement, money movement, and reconciliation, using AI/ML to improve risk management and security for both the software company and end merchants. Its goal is to help ISVs and vertical SaaS vendors scale payments within their platforms and grow overall software revenue through turnkey, scalable embedded payments.

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About Forward

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Industries

FintechFinancial Services

Company Size

11-50

Company Stage

Seed

Total Funding

$16M

Headquarters

Rollingwood, TX

Founded

2012

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Funding

Total Funding

$16M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$16M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Company Equity
  • Flexible Work Hours
  • Hybrid Work Options
  • Paid Vacation
  • Conference Attendance Budget
  • Professional Development Budget

Company News

PR Newswire
May 30th, 2024
Forward announces $16M seed round led by Commerce Ventures, Elefund and Fiserv

Forward announces $16M seed round led by Commerce Ventures, Elefund and Fiserv.

TechCrunch
May 30th, 2024
Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments | TechCrunch

Forward’s payments infrastructure model has an advantage by shifting the economics back to SaaS companies.

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