SensePass Overview
SensePass is a breakthrough innovator in retail payments, expanding the boundaries of digital payment processing to offer shoppers a fast and seamless checkout, while increasing conversion and reducing fees for retailers. SensePass has built an omnichannel payments network that offers 100+ payment methods, digital wallets or BNPLs, Open banking, Crypto and more. Using its cloud-based payment terminals shoppers have access to a variety of payment options which can be used to seamlessly checkout and increase their spending power with a simple tap of their phones.
Cumulative Funding Raised Over Time ($)
$3.0MOct 2022
$4.2MOct 2023
$7.0MSep 2021
Latest News
growth-positive
SensePass selected for the Mastercard Start Path Small Business program.
Mastercard is advancing its commitment to innovation and small business growth through its Start Path program, which has welcomed 15 startups focused on open banking and small business solutions. These startups will benefit from Mastercards ecosystem, gaining access to collaboration opportunities that will help them refine their technologies and scale their solutions. The program is divided into two tracks: Small Business and Open Banking, with nine and six startups respectively. The initiative aims to empower small and medium-sized enterprises (SMEs) by providing them with cutting-edge technology to improve cash flow, access to capital, and operational efficiency. The selected startups will leverage Mastercards market-leading open banking technology to enhance financial decision-making and management for small businesses.
Partners
growth-positive
Sensepass partners with Amazon Pay
Sensepass, a leader in omnichannel payments, announced a partnership with Amazon Pay to enhance its checkout experience. This collaboration allows customers to use Amazon Pay at any Sensepass-enabled store, providing a seamless and secure payment option. The integration aims to transform the shopping experience by offering more payment choices and convenience for both customers and merchants. Sensepasss NFC/QR technology enables tap or scan payments using various digital wallets, including the newly added Amazon Pay. This partnership is expected to increase sales and reduce fees for merchants, while offering customers a flexible payment solution. The announcement highlights Sensepasss commitment to improving the customer experience in retail and hospitality sectors.
Partners
growth-positive
SensePass bringing new opportunities for the un-banked and under-banked | CTech
SensePass, an Israeli company, has raised $3 million to disrupt the credit card monopoly in the retail payments market. The company aims to bring more payment options to the market, catering to un-banked, under-banked populations, and younger generations using alternative forms of payment. SensePass has built an omnichannel payments network that operates around any digital payment method or digital wallet, increasing spending power for shoppers and reducing costs for retailers. The company plans to focus on the U.S. market initially, targeting retailers and education sectors. SensePass is live in Israel and the U.S., working with several retailers and universities. The recent funding round will be used to develop and expand the product, support business activity in North America, and scale offerings in the market.
InvestmentExpand
growth-positive
חברת SensePass המפתחת רשת תשלומים דיגיטלית השלימה סבב גיוס של כ-3 מיליון דולר
Israeli fintech company SensePass has completed a $3 million funding round to expand its operations, primarily in the US market. The round is led by public company Menora Mivtachim and Nitsre with an investment of approximately $1.5 million. Another notable participant in the funding round is a direct insurance group. SensePass has developed a digital payment network that connects businesses and consumers, allowing consumers to make quick and convenient payments through their mobile devices. The platform supports various payment methods, including credit cards, digital wallets, direct bank transfers, and more. SensePass launched its product in Israel in early 2020 and started commercial operations in the US in 2021.
Investment
growth-positive
חברת הסטארט-אפ הישראלית סנספאס, גייסה 3 מיליון דולר
Israeli start-up SensePass has completed a funding round, raising approximately $3.3 million. Shamir Holdings invested about $1 million, with an option for an additional half a million dollars. SensePass operates in the digital payments sector and has developed a payment network that allows merchants to accept all types of digital payments, such as payments through an electronic wallet, crypto currencies, and more. The company currently serves over 200 businesses and about 10,000 paying customers. SensePass is also in the process of expanding into the US, where it has already signed several partnerships.
InvestmentExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $7M |
| Last funding | $1.2M |
| Stage | Seed |
| Rounds | 3 |
| Investors | 4 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | sensepass.com |
| Careers | Careers page |
Locations
Derech Menachem Begin 144, Tel Aviv-Yafo, Israel
260 Madison Ave suite 8018, New York, NY 10016, USA
Photos & Videos
2 item(s)
SensePass Business
Business models
B2B, B2B2C
Product stage
Released
Employees
11-50
Sector
Fintech & InsurtechMoney Transfer & ManagementTarget Customer
Commerce & RetailDistribution ChannelseCommerce PlatformsBrick & MortarFinancial ServicesFinancial ProductsVirtual CurrenciesFinancial InstitutionsSettlementsCore Technology
Data StorageCDNPlatforms & InterfacesAPITags (18)
enterprisesconnectivitytokenizationmobile-applicationspersonal-financepoint-of-salepatent-pendingfintechbluetoothbanksenterprise-solutionslocation-basedauthenticationretailersonline-retailersretail-technologypaymentsiotSolutions
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{"title":"Fashion Retail","description":"SensePass provides smart fitting room technology for fashion retail, enabling customers to request items, receive personalized recommendations, and check out directly from the fitting room, while providing retailers with real-time inventory data and staff notifications.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":5,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Retail & HospitalityFashion RetailGeographic Markets
EuropeNorth AmericaAmericasGlobalSouth AmericaCentral AmericaAsiaSensePass Financials
$7M
Total funding
Undisclosed
Capital raised
$1.2M
Last funding
Seed
Funding stage
3
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$3.0MOct 2022
$4.2MOct 2023
$7.0MSep 2021
Private Equity Funding
Seed
Oct 2023
$1.2M
Seed
Oct 2022
$3M
Israel Investment Fund Group, Menara Ventures, Direct Insurance
Pre-Seed
Sep 2021
$2.8M
Zur Shamir Holdings
SensePass Lifecycle
Cumulative Funding Raised Over Time
$3.0MOct 2022
$4.2MOct 2023
$7.0MSep 2021
All Events
Seed
Oct 2023
$1.2M
Seed
Oct 2022
$3M
Israel Investment Fund Group, Menara Ventures, Direct Insurance
Pre-Seed
Sep 2021
$2.8M
Zur Shamir Holdings
SensePass News
6 articles
growth-positive
SensePass selected for the Mastercard Start Path Small Business program.
Mastercard is advancing its commitment to innovation and small business growth through its Start Path program, which has welcomed 15 startups focused on open banking and small business solutions. These startups will benefit from Mastercards ecosystem, gaining access to collaboration opportunities that will help them refine their technologies and scale their solutions. The program is divided into two tracks: Small Business and Open Banking, with nine and six startups respectively. The initiative aims to empower small and medium-sized enterprises (SMEs) by providing them with cutting-edge technology to improve cash flow, access to capital, and operational efficiency. The selected startups will leverage Mastercards market-leading open banking technology to enhance financial decision-making and management for small businesses.
Partners
growth-positive
Sensepass partners with Amazon Pay
Sensepass, a leader in omnichannel payments, announced a partnership with Amazon Pay to enhance its checkout experience. This collaboration allows customers to use Amazon Pay at any Sensepass-enabled store, providing a seamless and secure payment option. The integration aims to transform the shopping experience by offering more payment choices and convenience for both customers and merchants. Sensepasss NFC/QR technology enables tap or scan payments using various digital wallets, including the newly added Amazon Pay. This partnership is expected to increase sales and reduce fees for merchants, while offering customers a flexible payment solution. The announcement highlights Sensepasss commitment to improving the customer experience in retail and hospitality sectors.
Partners
growth-positive
SensePass bringing new opportunities for the un-banked and under-banked | CTech
SensePass, an Israeli company, has raised $3 million to disrupt the credit card monopoly in the retail payments market. The company aims to bring more payment options to the market, catering to un-banked, under-banked populations, and younger generations using alternative forms of payment. SensePass has built an omnichannel payments network that operates around any digital payment method or digital wallet, increasing spending power for shoppers and reducing costs for retailers. The company plans to focus on the U.S. market initially, targeting retailers and education sectors. SensePass is live in Israel and the U.S., working with several retailers and universities. The recent funding round will be used to develop and expand the product, support business activity in North America, and scale offerings in the market.
InvestmentExpand
growth-positive
חברת SensePass המפתחת רשת תשלומים דיגיטלית השלימה סבב גיוס של כ-3 מיליון דולר
Israeli fintech company SensePass has completed a $3 million funding round to expand its operations, primarily in the US market. The round is led by public company Menora Mivtachim and Nitsre with an investment of approximately $1.5 million. Another notable participant in the funding round is a direct insurance group. SensePass has developed a digital payment network that connects businesses and consumers, allowing consumers to make quick and convenient payments through their mobile devices. The platform supports various payment methods, including credit cards, digital wallets, direct bank transfers, and more. SensePass launched its product in Israel in early 2020 and started commercial operations in the US in 2021.
Investment
growth-positive
חברת הסטארט-אפ הישראלית סנספאס, גייסה 3 מיליון דולר
Israeli start-up SensePass has completed a funding round, raising approximately $3.3 million. Shamir Holdings invested about $1 million, with an option for an additional half a million dollars. SensePass operates in the digital payments sector and has developed a payment network that allows merchants to accept all types of digital payments, such as payments through an electronic wallet, crypto currencies, and more. The company currently serves over 200 businesses and about 10,000 paying customers. SensePass is also in the process of expanding into the US, where it has already signed several partnerships.
InvestmentExpand
growth-positive
הסטארט־אפ שמאפשר תשלום גם ללא מסוף תומך
Israeli startup Sensepass has developed a digital payment solution that connects mobile wallets and digital payment methods to the point of sale. The company has created a smart and wireless box that is placed next to the regular credit card terminal, allowing customers to make immediate payments from their existing mobile wallets. The solution also works for online and phone orders, where customers receive a link on their smartphones to complete the payment. Sensepass is currently deployed in hundreds of businesses and aims to expand to thousands more in the near future. The company believes that its development will serve as the infrastructure for the future network of payments, including the use of cryptocurrencies.
Customers
SensePass Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 21 |
| Team members | 6 |
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SensePass Internal
Recent Updates
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Admin Info
| Confidence | 99/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515650075 |
| Crunchbase | sensepass |
| Creator | Gil Fosh |
| Creator email | gilfosh@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2024-11-12T00:00:00.000Z |
| Created | 2017-12-13T00:00:00.000Z |
| Claimed | Yes |