Tapcart secures USD 50 million backed by Shopify

Monday 28 June 2021 13:25 CET | News

US-based mobile payments application development platform Tapcart, which provides Shopify-afflilated vendors with mobile-app development tools, has raised a USD 50 million Series B.

The funding round was led by Left Lane Capital. Shopify invested in the deal along with SignalFire, Greycroft, Act One Ventures and Amplify LA. The company previously disclosed USD 39 million of this funding in a regulatory filing earlier in June 2021; that deal gave Tapcart a post-money valuation of USD 184 million, according to PitchBook data.

Tapcart is a provider of an application development platform intended to improve mobile commerce. The company's SaaS platform allows users to create their own mobile application and connect it to a payment platform as well as engage customers with push notifications, enabling ecommerce retailers to create, customise, and preview an app for free.

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Keywords: funding, SaaS, mobile payments, m-commerce, Shopify
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce