Provides a token orchestration platform that securely routes payment transactions through multiple payment service providers (PSPs) and partners while maintaining PCI compliance. This enables businesses to customize payment flows, reduce transaction failures, and gain full control over sensitive data without being constrained by processor limitations.
Funding
$33.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle to manage sensitive payment data securely while maintaining flexibility in their payment processing workflows. Limitations imposed by Payment Service Providers (PSPs) and the complexities of PCI compliance often restrict customization and increase transaction failure rates.
Solution
Basis Theory offers a token orchestration platform that allows businesses to securely manage sensitive data, customize payment flows, and connect with multiple PSPs without being directly subject to PCI compliance burdens. The platform provides a fully programmable vault for storing and tokenizing card data, enabling businesses to build tailored payment experiences and maintain control over their data. By abstracting away the complexities of data security and compliance, Basis Theory allows businesses to focus on optimizing their payment strategies and reducing their exposure to PSP outages. The platform supports various use cases, including subscriptions, marketplaces, and high-risk merchants, providing the flexibility needed to adapt to evolving business requirements.
Target Audience
Basis Theory targets fintechs, high-risk merchants, subscription platforms, and marketplaces that require flexible, secure, and compliant payment processing solutions.
Features
- Secure data vault for storing sensitive cardholder data with PCI Level 1, SOC2 Type II, and ISO 27001 compliance
- Tokenization of payment data to reduce PCI scope and enhance security
- Universal Form Elements for secure data collection
- Network token support for enhanced transaction processing
- Account Updater to keep card data current and reduce declines
- 3D Secure support for fraud prevention
- Customizable payment flows with proxy functionality
- Enhanced BIN service for improved transaction routing
- SDKs for various programming languages, including NodeJS, React, iOS, Android, and Terraform
- Integrations with payment processors like Stripe and Adyen