CHICAGO, Jan. 13, 2011 /PRNewswire/ — FeeFighters, the comparison shopping site where business owners get competitive bids from credit card processors, has secured $1.6 million in Series A financing led by Chicago-based Sandbox Industries. FeeFighters plans to expand their product offerings and scale marketing efforts with the capital.
Other investors in the round include Chicago-based OCA Ventures, i2a Fund and Hyde Park Angels, and California-based 500Startups and Arizona Bay Technology Partners.
“High credit card processing fees rob small businesses of profits and make it harder to stay in business. Our service lowers those costs by an average of 40%,” said FeeFighters CEO and co-founder Sean Harper. “With the backing of companies like Sandbox Industries, we have the resources to reach more business owners and help them achieve these savings.”
“FeeFighters has recognized a key pain point in business operations and created a strong solution that can provide relief,” said Nick Rosa, co-founder and managing director of Sandbox Industries, who will join the FeeFighters board of directors. “Sean, Josh, and their team have built a strong foundation that we believe has the potential for significant expansion moving forward.”
FeeFighters is an online comparison shopping service for small business credit card processing that helps reduce processing fees through price comparisons and competitive bidding by top-tier processors. The company’s unique auction process and comparison engine saves businesses an average of 40% on their credit card processing costs. All processors that bid on the site have been screened and agreed to adhere to strict rules and transparent pricing, eliminating price gouging and hidden costs. For more information, visit www.feefighters.com.
Talk With Us
© 2019 – FeeFighters, LLC – Call Us – (646) 448-8804
PO Box 1459 , Mountainside, NJ 07092