Skipify offers an identity-powered payment solution that enables real-time card provisioning and seamless authentication for shoppers at checkout. By eliminating manual card entry and multiple wallets, it enhances conversion rates and reduces fraud, providing a streamlined payment experience for both merchants and consumers.
Funding
$86M 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
Online shoppers face friction during checkout due to manual card entry, multiple digital wallets, and cumbersome authentication processes. This leads to cart abandonment, reduced conversion rates, and increased operational complexity for merchants.
Solution
Skipify offers an identity-powered payment solution that streamlines the online checkout experience by instantly identifying shoppers and providing real-time access to their payment methods. The Commerce Identity Cloud securely authenticates users with a passcode or biometric verification, eliminating the need for manual card entry and multiple wallets. By directly connecting with issuing banks, Skipify retrieves up-to-date payment information and presents shoppers with available payment options in a single click, seamlessly integrating into existing checkout flows. This results in increased authorization rates, higher conversion rates, and improved customer loyalty for merchants.
Target Audience
Skipify's primary customers are online merchants, ranging from local shops to global brands, seeking to improve conversion rates, reduce fraud, and enhance the overall payment experience for their customers.
Features
- Commerce Identity Cloud containing hundreds of millions of shopper identities from leading financial institutions
- Real-time card provisioning, providing instant access to debit cards, credit cards, private label cards, and financing options
- Secure shopper authentication via passcode or biometric verification
- Direct connection with issuing banks for increased authorization rates
- One-click checkout with personalized payment options
- Seamless integration into existing checkout flows without redirects