Tap2

Tap2 provides a software‑only payment platform that turns any NFC‑enabled iPhone or Android device into a certified SoftPOS terminal, allowing merchants to accept contactless card, Apple Pay, and Google Pay payments without any hardware or merchant fees.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Merchants must purchase dedicated card‑present hardware and pay per‑transaction fees to accept NFC payments, which creates high upfront costs and ongoing expense, especially for small businesses and mobile vendors.

Solution

Tap2 offers a software‑only payment platform that turns any NFC‑enabled iPhone or Android device into a certified SoftPOS terminal, eliminating the need for physical card readers. The platform provides card‑present processing at 1.5% + $0.08 per tap, with intelligent machine‑learning routing that selects the lowest‑cost network rail in real time, delivering up to 22% lower processing costs and higher authorization rates. Merchants also gain access to a suite of composable products—including loyalty, closed‑loop wallet, instant settlement via FedNow, fraud prevention, revenue analytics, and financing—available on a modular subscription basis. All services are PCI DSS Level 1 certified, EMVCo‑approved, and settle through established Visa, Mastercard, and Stripe rails, ensuring secure, fast, and fee‑free core payment acceptance.

Target Audience

Primary customers are small‑to‑mid‑size merchants—including food trucks, retail shops, restaurants, field service teams, and fintech platforms—that need card‑present payment acceptance without hardware investment, as well as developers building embedded finance experiences.

Features

SoftPOS kernel that activates the device’s NFC controller, enabling contactless card, Apple Pay, and Google Pay acceptance without external hardware
Real‑time ML routing engine that automatically chooses the cheapest interchange network, reducing processing costs by up to 22%
Sub‑100 ms ML fraud scoring and chargeback defense applied to every transaction
Closed‑loop Tap2 wallet with 0 % interchange for internal ledger transfers and instant settlement via FedNow
Modular product catalog (30 products) covering digital tips, split‑pay, invoicing, smart links, field‑service collection, fundraising, restaurant stack, event ticketing, revenue intelligence dashboard, merchant banking, and revenue‑based financing
Developer‑first SDKs (iOS, Android, React Native) with OpenAPI spec, webhooks, sandbox cards, and PCI‑compliant tokenisation
Real‑time analytics dashboard and AI Copilot that surface revenue insights, anomalies, and optimization recommendations