Sandra Feinberg
Boynton Beach, FL (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
able2pay
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Startup
Location:
Boynton Beach
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
able2pay is a growing alternative payments company located in Florida. We currently provide a service to on-line retailers and their consumers. able2pay allows consumers the ability to purchase goods and services using a structured payment program. No consumer credit is required. Global online purchases exceed 6 trillion dollars annually. Alternative payments are slated to process approximately 4% by 2012. Unlike traditional credit based payment options, able2pay does not require consumer creditworthiness nor do we require Merchant fees (like credit card interchange fees). able2pay is completely consumer driven and merchant fees are never required. able2pay is the only alternative payment company (that is not credit based) to reach international consumers and retailers.
able2pay is seeking $250,000 to commercialize our product. Money will be used for development of software capabilities, customer service expenses, trade shows, global consulting. We would also consider a larger investment.
This is a short term investment. We project that able2pay will be earning a return in nine months. Investors can expect a break even within 14-18 months and a large return event is expected within two years. We anticipate no further funding will be needed for this project.