Skipify

Skipify

Automates online checkout and payment processes

About Skipify

Simplify's Rating
Why Skipify is rated
B-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Fintech

Consumer Goods

Company Size

51-200

Company Stage

Series A

Total Funding

$11.1M

Headquarters

San Francisco, California

Founded

2018

Overview

Skipify provides a modern checkout platform that simplifies the online shopping experience by automatically entering payment, billing, and shipping information for customers. This automation significantly reduces the time and effort needed to complete purchases, enhancing customer satisfaction and increasing conversion rates for online retailers. Skipify integrates with loyalty rewards and coupon systems, allowing shoppers to easily apply discounts and maximize savings during checkout. The company stands out in the competitive e-commerce market through partnerships with major providers like Google, which enable unique features such as completing transactions directly from email inboxes. Skipify operates on a subscription and transaction fee model, helping merchants lower cart abandonment rates and boost sales. The goal of Skipify is to transform online shopping into a faster, more secure, and efficient process for both consumers and merchants.

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Simplify's Take

What believers are saying

  • Integration with BNPL services can enhance Skipify's checkout offerings.
  • Voice commerce rise presents an opportunity for Skipify's voice-activated checkout solutions.
  • Biometric authentication adoption can enhance Skipify's security and user experience.

What critics are saying

  • Competitors' BNPL services like Klarna may divert consumers from Skipify.
  • DeFi platforms could bypass traditional systems like Skipify, reducing market share.
  • AI-driven fraud detection by competitors may outpace Skipify's security measures.

What makes Skipify unique

  • Skipify partners with Google for email-based transaction completion, enhancing user convenience.
  • Strategic partnerships with Visa and Discover enhance Skipify's payment security and reach.
  • Skipify integrates loyalty rewards and coupons, offering seamless savings during checkout.

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Funding

Total Funding

$11.1M

Below

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$11.1M
Skipify
$15M
Canva
$30M
Kalshi

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

1%
PR Newswire
Mar 5th, 2025
Skipify and Discover Announce Strategic Partnership to Enhance Tokenization & Streamline Digital Payments

SAN FRANCISCO, March 5, 2025 /PRNewswire/ - Skipify, a leading financial technology company redefining the checkout experience, today announced its partnership with Discover(R) Global Network, a leading global payment network connecting millions of merchants and cardholders across more than 200 countries and territories worldwide.

PR Newswire
Jan 8th, 2025
Skipify Appoints Worldpay Chief Product Officer Cindy Turner as Board Observer and Growth Advisor

Skipify has been recognized as a Fast Company Best Workplace for Innovators, Top 100 Financial Technology Company, The Future of Payment Infrastructure by Money20/20, and a CB Insights Retail Tech 100 honoree.

FF News
Jan 8th, 2025
Skipify Appoints Worldpay Chief Product Officer Cindy Turner As Board Observer And Growth Advisor

Skipify, a leading fintech company pioneering identity-powered payments, announced today that Cindy Turner has joined the board as a strategic advisor and observer. With a distinguished career spanning Fortune 500 companies and private equity, Turner is an expert on digital transformation with an exceptional track record of helping companies drive operational excellence and growth at scale. Her insights and leadership will help propel Skipify’s mission of reimagining the checkout experience.Currently the Chief Product Officer at Worldpay, Turner is helping lead a growth-focused transformation of the high-scale industry player. Previously, she held the role of General Manager and Vice President of the Enterprise Merchant (PayPal Braintree) business at PayPal, where she oversaw a fintech payments portfolio generating over $9 billion in gross revenue, catering to leading ecommerce and technology companies globally. Turner’s extensive career includes senior leadership positions at JPMorgan Chase, Visa, and KKR, where she managed large-scale payment operations, launched transformative products and supported both major global retailers and hundreds of thousands of SME merchants worldwide.“It’s our great honor to have Cindy’s guidance and expertise as Skipify continues to redefine checkout with our Commerce Identity Cloud,” said Ryth Martin, CEO and founder at Skipify. “What we’re building is not just a better and faster way to pay, but an entirely new and connected payment infrastructure

FF News
Oct 25th, 2024
Mastercard is Expanding Its US Installments Program to Provide More Payment Flexibility at Checkout

Mastercard will be working with partners from across the issuing and digital payments industry, including Global Payments, Skipify and Splitit, to support this continued evolution.

Mastercard
Oct 25th, 2024
Mastercard is expanding its US Installments Program to provide more payment flexibility at checkout

Mastercard will be working with partners from across the issuing and digital payments industry, including Global Payments, Skipify and Splitit, to support this continued evolution.

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