Tandym provides a branded payments suite that enables businesses to issue custom payment options to their customers. This platform significantly reduces processing fees to under 1% by bypassing expensive network rails. By leveraging these savings, brands can offer superior rewards, increasing customer lifetime value and unlocking new revenue share opportunities.
Funding
$60M 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
Traditional payment processing systems charge merchants high transaction fees, reducing profitability and limiting opportunities to reinvest in customer loyalty programs. These fees can be especially burdensome for enterprise retailers with high transaction volumes.
Solution
Tandym offers a branded payments platform that bypasses traditional payment networks, enabling merchants to reduce transaction processing fees to less than 1%. The platform allows retailers to reinvest the savings into enhanced customer rewards programs, driving increased customer lifetime value and retention. Furthermore, Tandym provides a revenue-sharing model, offering enterprise retailers an additional revenue stream based on the platform's performance. The platform integrates seamlessly into existing customer experiences, offering customizable on-site messaging and an accelerated checkout process for loyal customers.
Target Audience
Tandym primarily targets enterprise retailers seeking to reduce payment processing fees, enhance customer loyalty programs, and increase customer lifetime value.
Features
- Branded payments platform that operates outside traditional payment networks
- Transaction processing fees reduced to less than 1%
- Customizable on-site messaging to communicate value throughout the shopping journey
- Accelerated checkout experience with pre-filled applications
- Integration with existing technology stack through pre-built recipes
- Dynamic messaging to increase conversion rates
- Revenue-sharing model for enterprise retailers