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"I realized that to truly make ourselves part of this community, we have to give back," SwipeSum CEO, Michael Seaman says. "If we want the community to grab us, then I'm gonna give as much as I can to them first."
Competition: There is competition, but not directly in terms of platform and services."The idea, according to Michael Seaman, SwipeSum CEO, is to provide an experience and service similar to what Kayak offers for travel, except in the payments space. The platform essentially pits credit card processors against each other and lets the merchant decide which package and price it likes the best."
It’s a disruptive approach that could, if it takes off, really shake things up for traditional processors.
The BZ Awards competition recognizes the most innovative companies in every fintech vertical. Finalists and winners are determined by a panel of judges made up of industry experts from firms like Google, D.E. Shaw, CNBC, Fidelity, DRW, J.P. Morgan and more.
SwipeSum is one of the latest tech startups to hit the streets of St. Louis, relocating here from Los Angeles just four months ago. But the credit-card processing consultants already have a pretty sweet deal for their new neighbors: It's promising to give their services away for free to any company headquartered in St. Louis.