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clinkle.com

Stage

Dead | Dead

Total Raised

$30.5M

About Clinkle

Clinkle is a mobile payment solution which attempts to integrate a consumer-facing mobile wallet with a merchant-facing system which required little change from their existing infrastructure.

Clinkle Headquarter Location

303 2nd Street Suite 400

San Francisco, California, 94107,

United States

650-396-7113

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Expert Collections containing Clinkle

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Clinkle is included in 1 Expert Collection, including Fintech.

F

Fintech

7,344 items

US-based companies

Clinkle Patents

Clinkle has filed 8 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2013

5/24/2016

Grant

Application Date

3/13/2013

Grant Date

5/24/2016

Title

Related Topics

Status

Grant

Latest Clinkle News

Meet Peloton's new CEO, an ex-Spotify exec taking the helm amidst major cuts and investor pressure

Feb 8, 2022

Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Barry McCarthy, Peloton's hope for a turnaround, is a seasoned tech leader with decades of financial management under his belt. Starting Wednesday, the 68-year-old will be Peloton's CEO and president. He'll join the company's board while founder John Foley becomes chairman. McCarthy will oversee a vast restructuring, with 2,800 employees' jobs on the chopping block as part of cost-cutting measures that come on the back of falling demand for at-home fitness. "I have always thought there has to be a better CEO for Peloton than me," Foley told the Wall Street Journal . "Barry is more perfectly suited than anybody I could've imagined." McCarthy will move from California to New York. He views his background in subscription models as complementing Foley's expertise in product and marketing, the WSJ reported. "Together we can make a complete grown-up and build a really remarkable business," McCarthy told the WSJ. The new CEO's career spans big companies like Netflix and Spotify, plus a short stint at failed startup Crinkle, where he oversaw layoffs to a quarter of the staff. McCarthy's various CFO and board roles afford him deep relationships with institutional investors, some of whom he'll now need on board as Peloton navigates a precipitous stock decline. Shares were down 18% this year as of Monday's close. Here's how his career unfolded: Pioneering a new public offering at Spotify McCarthy spent the last eight years at Spotify. He joined the audio platform as a board member in 2014 and came on full-time as chief financial officer in 2015. As CFO, he pioneered a new way for startups to go public through a direct listing instead of an initial public offering, which Spotify completed in April 2018. He pitched the direct listing as a way to cut the costs, travel, and other headaches associated with an IPO. Spotify leadership then evangelized the direct listing to other tech companies. Slack , Coinbase, Palantir, and other companies have since taken this route to trade publicly. "I know no other CFO that could have taken us public and led us as steadily through an innovative direct listing and the time that has followed," Spotify CEO Daniel Ek said in a statement to Recode  when McCarthy retired in January 2020. McCarthy then rejoined the company's board upon his retirement, where he's still a director. McCarthy spent six months at failed startup Clinkle. Clinkle From DVDs to streaming service launch at Netflix McCarthy earlier spent 11 years as Netflix CFO, from 1999 to 2010. Founder Reed Hastings recruited him on a ski trip, and the pair then grew a DVD-by-mail business, which rivaled brick-and-mortar rental store Blockbuster, before launching a streaming service in 2007. "There aren't a lot of companies in Silicon Valley who have been successful at reinventing themselves for revenue 2.0 of their business model," McCarthy said on a 2008 podcast, per CNET . He also helped take Netflix public in 2002, in an IPO that opened at $1.21 a share. By McCarthy's December 2010 departure, the stock traded at about $25. "You should be confident that I'm leaving the business in good shape," McCarthy said at a conference before his exit. "There is nothing that I know that you don't know that would cause you to be sleepless about your position in the stock." Netflix stock now trades at about $400 per share. Brief stint at a failed payments startup McCarthy left Netflix because he wanted to be either a CEO or chief operating officer. He took the latter role at payments startup Clinkle in October 2013, but only lasted six months. Working under then-22-year-old CEO Lucas Duplan, McCarthy laid off about a quarter of the startup's staff two months into his short stint. "They're not nearly as close to scaling the businesses as I thought they were when I came in the door," McCarthy told Recode in March 2014. "And that's what I do." Board seats at Rent the Runway, Chegg, and others McCarthy has sat on myriad tech and consumer-focused companies' boards, including Pandora, Rent the Runway, Wealthfront, Eventbrite, Chegg, and Rent the Runway. Most recently, he joined Instacart's board in January 2021 and he remains on Spotify's board. McCarthy also has some venture capital experience. He joined Netflix investor Technology Crossover Ventures as partner in 2011, where he spent less than a year before becoming executive advisor for a decade. If you're a current or former Peloton employee, we want to talk. Contact Becky Peterson at  bpeterson@insider.com or DM on Twitter at @Beckpeterson . Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

  • Where is Clinkle's headquarters?

    Clinkle's headquarters is located at 303 2nd Street, San Francisco.

  • What is Clinkle's latest funding round?

    Clinkle's latest funding round is Dead.

  • How much did Clinkle raise?

    Clinkle raised a total of $30.5M.

  • Who are Clinkle's competitors?

    Competitors of Clinkle include SumUp and 4 more.

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