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.
Missing: Hypur's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Hypur's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
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.
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.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
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.
Latest Hypur News
Oct 3, 2022
Published Oct. 3, 2022 Permission granted by Partner Colorado Credit Union Safe Harbor Financial completed its special-purpose acquisition corporation (SPAC) deal with Northern Lights Acquisition Corp. last week, a deal its CEO said will position the cannabis financial services provider to tap executive-level talent and pursue strategic acquisitions. “What we really want to accomplish is to be a one-stop financial service provider to the cannabis industry that is as reliable as the Safe Harbor reputation has become over the last eight years,” Safe Harbor CEO Sundie Seefried said. Safe Harbor, which announced its plans to go public via a SPAC in February, was spun off from Partner Colorado Credit Union last year. Seefried launched the division in 2015 and left her role as CEO of the Arvada, Colorado-based credit union to focus solely on growing the cannabis banking venture. “A lot of my attention, strategically, has been distracted by the cannabis banking program,” Seefried said ahead of Safe Harbor’s spinoff last year. Since its inception, the cannabis banking services provider, which has operations in 20 states, says it has assisted in onboarding more than $12 billion in deposit transactions for customers. Seefried said one of her goals following the SPAC is to grow the company’s leadership. “We want to have a dedicated set of officers to do nothing but help grow the entity at this time. We didn't have that when we were under Partner Colorado Credit Union,” she said. “We had just me guiding it, but now we're actually being able to hire in some national talent.” The company tapped Tyler Beuerlein as its chief strategic business development officer in April. Beuerlein previously served as chief business development officer for Hypur, a payment processing and compliance technology firm for cannabis businesses and other high-risk industries. While at Hypur, Beuerlein was responsible for more than 1,000 direct cannabis bank account referrals and helped facilitate more than $500 million worth of cannabis-related transactions and loans to the state-legal cannabis system, according to Safe Harbor . Seefried said the firm has also tapped a CFO with public accounting experience who is set to join the firm soon. “We think that between the talent brought on and the ability to acquire other single-service providers with this access to capital markets now, we really serve the cannabis industry with reliable services that they need,” Seefried said. Safe Harbor has a staff of 35 — a number that will grow as the company executes on its acquisition strategy, Seefried said. Like the specialized banking services Safe Harbor provides for cannabis firms, the company is eyeing another area in which the industry struggles to secure reliable services: insurance. Marijuana’s federal designation as a Schedule 1 drug means banks and credit unions face significant legal, operational and regulatory risks — and the aforementioned compliance demands — if they choose to extend services to cannabis-related businesses. As a result, many financial institutions, as well as insurance providers, are reluctant to enter the space. “They lose insurance because people don't want to actually insure anything cannabis-related. They get kicked out of their broker-dealer account, they get payment processing issues,” Seefried said. The company, which hopes to add the service through future acquisition deals, is also on the hunt to secure a second sponsor bank, Seefried said. “Strategically, the best thing for us to do is to have two sponsor banks. Never put all your eggs in one basket,” she said. While Safe Harbor still works with Partner Colorado Credit Union, securing a second bank partnership will help it keep pace with future growth, Seefried said. “We want to have a main sponsor bank that has a large enough balance sheet to handle the consolidation of all activities under Safe Harbor,” Seefried said. The firm is also aware of the benefits that come with linking up with an international lender, she added. “Down the road, as companies go international, they’re going to need international access to banking. It’s going to be necessary,” she said.
Hypur Web Traffic
Hypur Frequently Asked Questions (FAQ)
When was Hypur founded?
Hypur was founded in 2014.
Where is Hypur's headquarters?
Hypur's headquarters is located at 7812 East Acoma Drive, Scottsdale.
What is Hypur's latest funding round?
Hypur's latest funding round is Loan.
How much did Hypur raise?
Hypur raised a total of $6.86M.
Who are the investors of Hypur?
Investors of Hypur include Paycheck Protection Program.
Who are Hypur's competitors?
Competitors of Hypur include TouchBistro, Abaca, Satispay, Ezetap, Klarna, Previse, Pine Labs, GoCardless, Veem, Handle Financial and 18 more.
Compare Hypur to Competitors
GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.
Pine Labs offers cloud-based point-of-sale (PoS) payments solutions, allowing merchants to accept credit or debit card payments, as well as methods such as e-wallets, QR code payment solutions, and unified payments interface (UPI)-based solutions.
Lemon Way is a pan-European payment institution dedicated to marketplaces, crowdfunding platforms, e-commerce websites, and other companies looking for payment processing, wallet management and third-party payment in a KYC/AML - regulated framework.
ToneTag enables contactless payment solutions in existing payment eco system by integrating its proprietary software development kit (SDK) at both merchant (mobile, POS, EDC) and customer interaction points (M-Wallet, M-Banking Apps).
TouchBistro is an iPad-based restaurant management platform. It offers an integrated payments solution designed to meet the needs and fast pace of the food service industry. The firm was founded in 2011 and is based in Toronto, Canada.
Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creater economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.Per media sources, Stripe did nearly $12B in gross revenue and $2.5B in net revenue in 2021. It is reported to be generating hundreds of millions in EBITDA.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.