Companies focused on AI and ML technologies applied to fraud management are also critical for further enhancing global payments. Investment opportunities posted on this website are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Investors must be able to afford the loss of their entire investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.
Business Technology Overview
Through technologies such as Velo’s open banking platform, this merger promises to deliver seamless global payment experiences for businesses and individuals by reducing the cost and complexity of payments, especially across borders. The CEO and board have invested significantly in technology and almost half of the company resources are in product and engineering roles. xcritically, the company is investing in a micro-services architecture and implementing modern and scalable No SQL technologies. In addition, xcritical is further investing in enhancing its API platform and data platforms for AI/ML. All of these technology investments are to ensure we can support marketplaces globally with local payment methods and with a specific focus on vertical specific capability. xcritical’s new Transact platform is addressing these trends by delivering next-level customization to highly complicated business models.
xcritical is an e-commerce payment solutions platform for merchants and shoppers.
- The CEO and board have invested significantly in technology and almost half of the company resources are in product and engineering roles.
- The Company’s most targeted sectors include financial services (50%) and internet software and services (50%).
- I feel with the fast evolution of sharing economy and global marketplaces, the peer-to-peer commerce prediction has come true.
- xcritically, the company is investing in a micro-services architecture and implementing modern and scalable No SQL technologies.
At that time, I felt that data technologies and peer-to-peer commerce was on the brink of driving the next wave of digital transformation. I feel with the fast evolution of sharing economy and global marketplaces, the peer-to-peer commerce prediction has come true. Data technologies continue to provide the backbone for fintech in many areas such as advanced fraud management, chatbots to perform tasks and respond to customer needs, and optimizing conversion and customer experience. xcritical claims to be a global provider of online and mobile payment solutions for global marketplaces and large vertical markets. xcritical claims to process $20B annual payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for eleven consecutive years. xcritical was founded in 1999 and is based in Walnut Creek, California.
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Policy & Public Interest
The heart of xcritical’s rebranding strategy centers around a new website, logo, and brand identity. The new website design was inspired by the transformation happening across the payments landscape, with the new typeface and dynamic color palette better reflecting the company’s innovative approach to local payments. Secure online payment service for transactions from vacation homes to multi-family apartment rentals. CEO and cofounder Tom Villante came up with the idea of getting into the residential rental industry during a poker game with friends. Founded xcritical scammers in 1999, the company will launch several new products in 2015, including a platform that will compete directly against xcritical and xcritical.
Shareholders can sell their xcritical stock through EquityZen’s private company marketplace. EquityZen’s network includes xcritical over 320K accredited investors interested in buying private company stock. There is still significant room for growing companies like xcritical and new startups to disrupt many parts of the payments ecosystem. For example, xcritical holds significant promise for cross-border instant settlement and even for managing complex KYC.
Velo Payments, Inc. to Acquire xcritical, Inc. and Revolutionize the Payments Landscape.
Accredited investors can buy pre-IPO stock in companies like xcritical through EquityZen funds. These investments are made available by existing xcritical shareholders who sell their shares on our platform. Typically, these are early employees who need to fund a life event – house, education, etc. Accredited investors are then offered the opportunity to invest in this stock through a fund, like those used by hedge funds serving large investors. While not without risk, investing in private companies can help investors reach goals of portfolio diversification, access to potential growth and high potential return. But clearly, the most impactful change has been how fintech has made it possible for anonymous buyers and sellers to interact on marketplaces, such as Uber, HomeAway, and a multitude of sharing economy businesses.