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About FeeFighters

FeeFighters, formerly known as Transparent Financial Services or TransFS, is an online comparison-shopping service that aims to enables business owners to shop for credit card processing services quickly, efficiently, and at no cost. TransFS aims to level the playing field for business owners. FeeFighters employs instant reverse auctions to quickly negotiate better deals, automated bill analysis software to identify unnecessary or undisclosed fees, a stringent certification program and online ratings and reviews. In March 2012, FeeFighters was acquired by Groupon. The valuation of FeeFighters was undisclosed. Other terms of the deal were not released.

Headquarters Location

Mountainside, New Jersey, 07092,

United States




Expert Collections containing FeeFighters

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

FeeFighters is included in 2 Expert Collections, including E-Commerce.



10,549 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).



8,123 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Latest FeeFighters News

Better Tomorrow Ventures closes on $225M fintech-focused fund, which is triple the size of its last fund

Feb 15, 2022

Early-stage fintech-focused venture firm Better Tomorrow Ventures has raised $225 million for its second fund — triple the amount it raised for its debut fund that closed in September of 2020. Founded by Sheel Mohnot and Jake Gibson in November of 2019, San Francisco-based Better Tomorrow Ventures ( BTV ) has allocated $150 million to invest in startups at the pre-seed and seed stages. It has also reserved $75 million for an opportunity fund for follow-on investments. Fintech’s recent explosive growth is reflected in the increase in fund size for BTV, and the firm remains squarely focused on the space. “We take a very broad view on fintech and think we are in the early innings here,” Mohnot said. Mohnot and Gibson plan to make about 30 investments out of the new fund, with check sizes ranging from $500,000 to $3 million. It’s committed to three so far. BTV led 22 investments from its first fund, and made 10 others “non-lead checks.” BTV is a venture firm that boasts two successful fintech founders as its partners. That experience, in the pair’s view, gives them an edge in a very competitive investment environment. Gibson co-founded NerdWallet, where he also served as COO from 2010 to 2014. The personal finance company went public last year. Mohnot previously served as vice president of business development at Groupon after a startup he founded, FeeFighters, was acquired by the company in 2012. The technology that was developed at FeeFighters became Groupon Payments, which was launched shortly after the acquisition, according to Mohnot. Then in 2013, he co-founded Innovative Auctions, which has revenues in the “hundreds of millions.”  Certainly the landscape for investing in fintech startups has gotten extremely heated as more firms are seeking to back companies in the space. But BTV believes that its historic fintech focus appeals to many founders so it has “a pretty great track record of winning deals over other funds so far.” The firm takes a very hands-on approach and aims to help its portfolio companies with hiring, thinking through distribution, building company culture, getting strategic partnerships and raising their next rounds. “We are founders ourselves and think that we can have the most impact at the seed stage,” Mohnot said. “Seed is where founders need the most support, and we love being the first call.” In BTV’s view, the next generation of fintechs will include vertical SaaS companies and marketplaces seeking to create stronger relationships and a more comprehensive offering to their customers. “To capitalize on that trend, we like to invest in companies that make it easier for those non-fintech companies to become fintech companies,” Mohnot said. A couple of examples from its portfolio include Unit and Salsa , which allow businesses to build banking or payroll into their existing products. “As the war for engineering talent gets crazier, it makes more sense for companies to buy products rather than build it themselves, which we’re seeing a lot of as well,” the investor said. BTV has also backed Pave, which aims to help companies get clean insights into their data with the goal of saving developer and data scientist time for startups. The firm has also backed corporate spend management unicorn Ramp , Albert, ChipperCash, Kin, Settle , Clearco , Selfbook and Human Interest , among others. Nearly all of its LPs came back for its latest fund, according to Mohnot. It also added some folks who had been following the firm since its first fund, but wanted “to have more of a track record of working together,” he said. “It all happened pretty fast so there were several LPs who we would have loved to have in but we couldn’t fit in,” Mohnot said. Prior to BTV, Gibson and Mohnot invested in more than 100 fintech companies through other investment vehicles, including 500 Fintech. BTV is one of many fintech-focused firms closing on new funds as of late. In September, for example, QED Investors announced the closing of two new funds totaling $1.05 billion, capital that it will be using to back early-stage startups, as well as growth rounds for later-stage companies. My weekly fintech newsletter is launching soon! Sign up here to get it in your inbox.

FeeFighters Frequently Asked Questions (FAQ)

  • When was FeeFighters founded?

    FeeFighters was founded in 2009.

  • Where is FeeFighters's headquarters?

    FeeFighters's headquarters is located at Mountainside.

  • What is FeeFighters's latest funding round?

    FeeFighters's latest funding round is Acquired.

  • How much did FeeFighters raise?

    FeeFighters raised a total of $2.13M.

  • Who are the investors of FeeFighters?

    Investors of FeeFighters include Groupon, 500 Global, Hyde Park Angels, OCA Ventures, Sandbox Industries and 5 more.

  • Who are FeeFighters's competitors?

    Competitors of FeeFighters include Stripe and 5 more.


Compare FeeFighters to Competitors

Stripe Logo

Stripe runs a financial infrastructure platform. The company offers a suite of services including online payment processing, revenue and finance automation, and banking-as-a-service. Its services allow businesses to accept payments online or in person, automate their revenue and finance operations, and embed financial services into their own platforms or products. Stripe primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.

Klarna Logo

Klarna provides financial services and social shopping solutions. The company offers a platform to compare prices on a wide range of products from various stores, enabling consumers to find the best deals. Its services are primarily used by consumers and retailers in the electronic commerce industry. It was founded in 2005 and is based in Stockholm, Sweden.

GoCardless Logo

GoCardless provides online automated, and recurring payment services. It offers a payments network for businesses to take and settle recurring payments, instant bank payments, application (API) integrations, and more. The company was founded in 2011 and is based in London, United Kingdom.

Trustly Group

Trustly Group is a global company that focuses on providing open banking solutions in the financial services sector. The company offers a range of services including facilitating secure and low-cost payments, instant payouts, and expedited customer onboarding. Additionally, it serves various sectors of the economy including the eCommerce industry, financial services, and gaming. It was founded in 2008 and is based in Stockholm, Sweden.

Dwolla Logo

Dwolla is a financial technology company. The company provides sophisticated account-to-account payment solutions to innovative organizations. It was founded in 2008 and is based in Des Moines, Iowa.

Exact Payments Logo
Exact Payments

Exact Payments is a company that specializes in payment solutions, operating within the financial technology sector. The company provides a range of services including the integration of payment systems into software platforms, online and mobile payment acceptance, and the setup and management of subscription services. Their primary market is the Software as a Service (SaaS) industry. It was founded in 1999 and is based in Scottsdale, Arizona.


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