Hopscotch raises $3.6m to transform the B2B payments experience.
By: Hopscotch (fka Zuro)
Small business expectations are changing, and seamless payments are table stakes. Decision-makers want and deserve rapid payments, simplicity, and greater connectivity.
At Hopscotch, we believe the flow of money between businesses should mirror the seamless flow of money between individuals. As former small business owners ourselves, we’re all too familiar with the intricacies of getting paid and making payments to service providers. Existing tools come with unnecessary complexities: feature overload, limited connectivity between users, lengthy waits to receive funds, and often transaction fees.
“Business owners, especially this new generation, want and deserve to pay and get paid with as little friction as possible. Today, there’s a big disconnect: people expect the same speed and ease they experience in their personal transactions to extend to their business ones.”
— Peter Boyce II, Founder of Stellation Capital
Hopscotch’s stored value accounts and consumer-like business profiles enable us to create an unmatched payments experience. But our vision extends beyond a payments platform. We’re building a destination for small businesses to connect, transact, and grow together. A simple, easy-to-use interface. A community of businesses thriving. Together. As one.
Today, we’re thrilled to announce that we raised $3.6 million in support of our vision.
While many small businesses struggled to survive in 2020, record numbers were launched. The U.S. Census Bureau reported that business applications were up 43.3% over the same period in 2019. The full scope of multidisciplinary skills needed to keep a business running can’t be overlooked: this surge of entrepreneurialism needs support. It’s our mission to provide this support, and we’re starting by providing instant, fee-free transactions to small businesses.
We have big plans, and we’re proud to be supported by an exceptional group of investors. Our Seed round was led by Simeon Iheagwam of NOEMIS Ventures and Peter Boyce II of Stellation Capital. Other participants in the round include Valar Ventures, 3KVC, Valor Equity Partners, Red & Blue Ventures, NfX, Switch VC, The MBA Fund, and Brightlane Ventures.
To our growing community of Hopscotchers, welcome! We’re thrilled to have you along for the journey and can’t wait for you all to experience the future of B2B payments. In the meantime, we’re opening a couple of hundred spots for businesses that want to get advanced access to the platform and help us test early features. For details, please sign up for our waitlist here, and check your email.