Total raised
$3.2M
Last: Seed 2018-04
Stage
Mature
Founded
2015
Headcount
3
HQ
Ramat Gan
Sector
Fintech & Insurtech
About
GATE (Global Acceptance Transaction Engine) has created a solution that allows eWallet payments to be accepted anywhere in the world without the need for merchant integration. The GATE solution converts eWallet transactions into card transactions by creating a unique 16-digit card number for each transaction and then rendering that number useless upon completion of the transaction, providing unprecedented security for all users. GATE is set to revolutionize the payment industry by enabling global acceptance of eWallet systems either online or via physical merchants, with no merchant integration required and a near-zero risk of card fraud.
Funding history · 1 round · $3.2M total
2018-04
Seed
$3.2M
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesSoftware
Target customers
Financial ServicesFinancial InstitutionsBanksEnterprise & Professional ServicesEnterprises
Business model
B2B
Highlights
Verified
Tags
patent-pendingauthenticationfintechtokenizationbanksiamtransactionspaymentsdigital-walletdigital-mediafinancial-institutionscredit-cardsmobile-payments