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INTERNET | Internet Software & Services / Compliance
hypur.com

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Founded Year

2014

Stage

Loan | Alive

Total Raised

$6.86M

Last Raised

$680K | 2 yrs ago

About Hypur

Hypur is a bank compliance platform enabling financial institutions to intelligently manage risk and confidently serve their customers. The company's real-time gateway and algorithms help prevent unwanted transaction before they occur. The platform's real-time controls, analytics, and robust reporting provide quick access to the information banks need to make smart decisions.

Hypur Headquarter Location

7812 East Acoma Drive Suite 7

Scottsdale, Arizona, 85260,

United States

+1 480 409 4599

Latest Hypur News

Hypur, A Cannabis Payments Company, Ditches Plaid After Visa Acquisition

Sep 18, 2020

Share: Financial services company Plaid, known for powering account verification for some of the world’s biggest financial apps like Venmo and Robinhood, was recently acquired by Visa Inc (NYSE: V ). Considering Visa currently does not allow cannabis payments processing, cannabis-focused digital payments company Hypur announced Thursday it's moving its account verification processes away from Plaid. The company will be verifying accounts in-house, via open banking, explained chief revenue officer Tyler Beuerlein. The aim is to ensure consumers and businesses can continue to operate as usual. With Hypur’s new open banking technology, consumers can easily and securely link their bank account to the Hypur app. Upgrading to open banking will allow the company to increase account security, while partnering with 17% more financial institutions than it currently operates with. “Hypur has worked with the cannabis industry for over six years, supporting the cannabis community. We decided to upgrade our account verification to empower consumers with more modern payment options, ensure businesses can continue operating as usual during the cash crunch of COVID-19, and help further grow and mainstream the legal industry,” Beuerlein told Benzinga. “Hypur has always been a pioneer in the cannabis industry. By upgrading our banking connections, Hypur will expand options for consumers, keep their data and payments safe, and ensure they can continue purchasing the products they love without interruption.” © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Related Articles (V)

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Research containing Hypur

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Hypur in 1 CB Insights research brief, most recently on Oct 30, 2019.

Expert Collections containing Hypur

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

Hypur is included in 3 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

C

Cannabis

3,619 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

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